Aave will launch an app in the Apple App Store that offers high yield returns for consumers

According to Fortune, Aave Labs announced on Monday plans to launch an app in the Apple App Store and has opened a waiting list for interested users. Aave's new product is similar to a savings account but offers higher returns.

Users' assets can earn a minimum interest of 5%, and funds can be deposited via bank account or debit card. The product uses stablecoins as well as the Aave protocol.