Aave Labs this week announced the launch of a waiting list for a new mobile application (app) for managing savings in stable cryptocurrencies (or stablecoins).
Search platform Integrate Aave protocol infrastructure with a simplified interfaceusers will be able to access the returns typical of the decentralized finance (DeFi) sector without the technical complexity.
This new application offers a base annual percentage yield (APY) of 6%, which can increase up to 9% with usage incentives.
The system supports deposits from bank accounts or directly into stablecoins.capitalize interest per second. Stani Kulechov, CEO of Aave Labs, said in a statement to CriptoNoticias that the initiative aims to provide a competitive and transparent alternative to traditional banking products.
The application, initially available for iOS devices and measuring 175 MB in size, comes at a time when demand for savings products with instant liquidity and returns above inflation continues to drive the adoption of digital currencies, particularly stablecoins such as USDT and USDC.
