Hassan Maishera
On Monday, Aave Labs announced via X that it has launched its Aave App on the Apple App Store. With the Aave App, users will be able to earn over 5% annual yield on their deposits, higher than money market funds.
The app allows deposits from bank accounts, debit cards, or in stablecoins, with offering balance protection up to $1 million
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $170.97 per token, up 2.4% in the last 24 hours.
