Aave launches a savings yield app, with up to 9% APY to compete against the low interest rate era of traditional banks.The lending protocol leader Aave Labs has announced the launch of a brand new savings app, featuring a maximum Annual Percentage Rate of 9%, real-time deposits and withdrawals, compound interest every second, and a protection limit of up to 1 million USD, challenging the traditional banking system's long-standing criticism of low interest rates. On the other hand, the battle in the U.S. banking industry regarding the prohibition of interest on stablecoins is also expected to push more users towards Decentralized Finance.
Aave launches high-yield savings app: up to 9% Annual Percentage Rate to attract customers
Aave Labs' newly launched Aave App solidifies its position as a "on-chain bank" once again, offering a 5% base APY. Through identity verification (KYC), inviting friends, and automatic deductions (Auto Saver), users can increase their interest rate to a maximum of 9% APY.
Aave emphasizes that its lending market is "over-collateralized,"
ChainNewsAbmedia·2025-11-18 04:34