A leading crypto lending protocol just announced plans to launch a high-yield savings platform on Apple’s iPhone.
The Aave App promises a smarter way to save money, offering users up to 9% APY.
The team says users will earn significantly higher yields than traditional banks, which average 0.4% APY.
Key features include an auto saver for recurring deposits from linked bank accounts, adding 0.5% extra APY for commitment.
Aave says the app will support over 12,000 banks, debit cards, and stablecoin deposits, targeting everyday savers frustrated with low returns and inflation.
Aave has about 2.5 million users at time of publishing, with over $70 billion in active deposits and more than $3 trillion in lifetime deposits.
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