DeFi Lender Aave to Roll Out Retail Crypto Yield App on Apple’s App Store

Aave (AAVE), the largest decentralized crypto lending platform, is rolling out a "savings account"-like consumer yield app, opening waitlist on Apple's App Store first. With the Aave App, users will be able to earn up to 6.5% annualized yield, higher than money market funds, leveraging Aave's infrastructure lending protocol, and can deposit funds from bank accounts, debit cards or in stablecoins, according to a blog post on Monday. It also offers "balance protection" on deposits up to $1 million. Aave's ...