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2h ago

Aave Launches iOS Savings App With Up to 6.5% Yield, Opens App Store Waitlist

The consumer app packages protocol yields for a broader audience through a simplified mobile experience.

Stani Kulechov, founder and CEO of Aave Labs.
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Overview

  • Users earn 6% APY, with an additional 0.5% boost for enabling automatic monthly deposits.
  • Deposits from bank accounts, debit cards, or USDC/USDT can start at $0.01, with interest compounding every second.
  • The app charges no recurring subscription fees and waives bank or debit card deposit and withdrawal fees.
  • Aave advertises up to $1 million in balance protection per account, though the insurance program is not yet active and the provider remains undisclosed.
  • Availability begins with an iOS waitlist, with Android and web versions listed as coming soon, following Aave’s October acquisition of Stable Finance and leveraging its large on-chain deposit base.