Aave to Launch High-Yield App on Apple Store

Aave Labs is preparing to launch AaveApp, a consumer-focused savings application on Apple’s App Store that offers up to 9% annual percentage yield (APY) on USDC deposits, well above the U.S. bank average of 0.4%. The service requires KYC verification and complies with additional conditions. A waitlist is open ahead of the official release. The app expands Aave’s reach from decentralized finance into mainstream consumer offerings, building on its lending infrastructure and following the acquisition of Stable Finance. This move aligns with a broader trend in DeFi toward neobank-like services, even as regulatory requirements are integrated.