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Aave launches its own app to save and earn interest with cryptocurrencies
Source: Criptonoticias Original Title: Aave launches its own app to save and earn interest with cryptocurrencies Original Link: Aave Labs announced this week the opening of the waiting list for its new mobile application (app) to manage savings in stable cryptocurrencies (or stablecoins).
The platform aims to integrate the infrastructure of the Aave protocol with a simplified interface, allowing users to access yields typical of the decentralized finance sector (DeFi) without greater technical complexity.
This new application offers a base annual percentage yield (APY) of 6%, with the possibility of rising up to 9% through usage incentives.
The system accepts deposits from bank accounts or directly in stablecoins, capitalizing interest second by second. Stani Kulechov, CEO of Aave Labs, stated in a statement that the initiative aims to provide a competitive and transparent alternative to traditional banking products.
This application, initially available for iOS devices and occupying a size of 175 MB, arrives at a time when the demand for savings instruments with immediate liquidity and returns higher than inflation continues to drive the adoption of digital currencies, especially stablecoins like USDT and USDC.