Aave: Save and Earn

So this is not a functional app, no you cannot get 9% on Aave, and yes this is some Avara Tradfi bs, and not actually an App for Aave. First of all, without referring anyone, you’re simply giving up all your personal information to get a lower rate than stkGHO. If you somehow manage to convince *24* people to sign up & fully verify their identity, you get on a waitlist, that’s says you will get 9% for 90 days. Of course this requires disclosing everything from your home address to social security number, to Avara labs, presumably who you are actually depositing with, as Aave is a permisionless protocol which would never require this information, and would be a huge risk to user if they did. Avara is likely then in turn sourcing yield from Aave + their own funded incentives for the bonus. The other key part here being that for anyone who doesn’t refer the full 24 people, they are paying you less than they are getting from Aave.

The app is beautiful and has nice features to calculate the growth of your savings over time if you save with Aave. It’s awesome that the team who has built the biggest and most robust onchain financial platform is the same team building this app. I can’t wait until they start accepting deposits for the high and steady APY. After a bit I figured out that if you refer friends you can stack up APY boosts that will get applied to your savings when you deposit.

The new Aave app launch is a massive step forward and it’s sleek, fast, and incredibly intuitive, it finally gives the protocol the polished user experience it deserves. You can tell the dev team was ahead of the curve on this one. Everything feels intentional, smooth, and built for the next wave of adoption.