Overview
- Waitlist opened on Apple’s App Store as Aave moves its on-chain lending into a retail-focused mobile savings product.
- App materials cite a 6% base APY with a 0.5% bonus for automatic monthly deposits, with interest compounding every second.
- Funding includes USDC and USDT as well as bank transfers and debit cards, with no minimums and deposits starting from $0.01.
- Aave advertises up to $1 million in balance protection per account, though the insurance program is not yet active and final terms and provider remain pending.
- Coverage varies on headline yields, with some reports quoting up to 9% APY, while Aave’s pages and statements point to a range topping out at 6.5%.