Aave Labs Launches Stable Vaults for Fintech Stablecoin Yield
The post Aave Labs Launches Stable Vaults for Fintech Stablecoin Yield appeared on BitcoinEthereumNews.com. The vaults convert Aave’s variable lending rates into fixed yields that wallets, exchanges and payment apps can offer their own users. Aave Labs launched Stable Vaults on Thursday, infrastructure that lets fintechs, wallets, exchanges and payment providers embed fixed-rate stablecoin yield into their own products, the company said in a blog post. The vaults convert variable onchain lending rates, drawn from Aave V3 and V4 markets or other ERC-4626 strategies, into a fixed rate a business sets for its end users. Aave Labs handles the rebalancing and cross-chain operations in between, according to the blog post. Already Live in Aave’s Own App Stable Vaults are “the smart contract vaults that already power the Aave mobile savings app,” per the post, and are now open for any business to build on. Aave, the largest DeFi lending protocol with $12.80 billion in total value locked, said