Got early access to the new Aave Savings App a few days ago thanks to @parisrouz, so I’ve spent the last couple of days testing it out. A few things I like: • The simplicity, coming from DeFi, it’s honestly refreshing how little you have to think about. Deposit, earn, withdraw. Everything feels very straightforward. • The yield, a 6.00% base rate currently goes up to 6.25% APY with boosts. Your balance compounds every second, so you can actually watch your savings grow in real time. • The onchain rails. Your funds are managed through the Stable Vault and deployed into Aave’s lending infrastructure, where borrowers pay interest that flows back to depositors. All of this happens in the background, without users having to deal with the underlying DeFi mechanics. • Being based in Germany, I was particularly interested in the bank on- and off-ramps already being available here. I tried the process and it was really smooth. Being able to move between your regular bank account and an onchain savings product this easily is a pretty big deal imo. And I think that’s where Aave is taking a really interesting step towards retail. If I had never interacted with DeFi before, I could see myself using this without really needing to understand what’s happening underneath. Sign up, connect your bank account, deposit, and earn yield passively, while still getting access to the underlying onchain infrastructure. That’s probably the biggest thing I take away from the app. Aave is making DeFi feel simple enough for people who have never been into it before. All in all, from my perspective, this is already more compelling than the savings products I’d typically have access to through a bank in Germany, especially when you combine the current rate with how easy the whole experience is. GGs @StaniKulechov and the whole @aave team. Great work.