Overview
- The app advertises mid‑single‑digit returns, generally 5% to 6.5% with boosts, though some outlets report up to 9% APY.
- Users can fund accounts via linked bank accounts or debit cards, with deposits converted to stablecoins that earn on the Aave protocol.
- Aave promotes up to $1 million in balance protection per account, but the insurance is not yet active and the provider and final terms remain undisclosed.
- Availability is currently limited to an iOS waitlist on the Apple App Store, with Android and web versions listed as coming soon.
- Aave points to European VASP/MiCA authorization to enable compliant fiat rails, and the underlying protocol manages about $55–56 billion in deposits per industry research.