Aave will launch an app on the Apple App Store that offers consumers high returns.

Aave Labs announced on Monday plans to launch its app on the Apple App Store and opened a waiting list for interested users. Aave's new product is similar to a savings account but offers higher returns. Users can earn a minimum of 5% interest on their assets and can deposit funds via bank account or debit card. The product uses stablecoins and the Aave protocol.