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    1. coinfeeds-bot on

      tldr; Aave Labs is launching a new savings app, Aave App, offering up to 9% returns on deposits and $1 million protection against security breaches. Targeting digital natives dissatisfied with low bank interest rates, the app aims to bridge the gap between decentralized finance (DeFi) and retail customers. It simplifies DeFi’s complexities with an easy-to-use interface and supports various deposit methods. Competing with traditional banks and neobanks, Aave App seeks to attract users with higher yields and innovative features.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

    2. Never hear anyone talk about AAVE or other similar defi projects. It’s almost like they’re one of the few alts serving a real purpose and have a use case. Some of them rake in fee volumes larger than most layer ones, are fully or almost fully afloat, and have burn mechanisms on top of it. Established defi protocols are probably the most overlooked opportunity in crypto. 

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