TechFlow, November 17 — According to Fortune, decentralized lending protocol Aave Labs has announced plans to launch a consumer-facing application on the Apple App Store, with a waitlist now open for users.
The app functions similarly to a savings account but offers higher returns, providing users with interest earnings of at least 5%, and supports deposits via bank accounts or debit cards. The product operates using stablecoins and the Aave protocol, aiming to deliver decentralized financial services to mainstream users while avoiding technical terms such as "stablecoin" and "protocol."
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