Aave Launches Stable Vaults For Earning Stablecoin Yields

Aave has launched Stable Vaults for stablecoin yields.

The largest onchain lending and borrowing provider has officially launched Stable Vaults for earning on stablecoins across its platform. With that, both users and businesses are now able to earn on their stablecoin balance and holdings from different sources and varying stablecoin rates.

Under this, deposits compound their earnings every second according to the rate of a particular stablecoin vault (or SubVault), and is designed to eat some of the market volatility.

Just before you go

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This is then managed by a vault manager across a number of yield sources, including ERC-4626 and Aave V4.

There is also the ability to convert stablecoins such as USDT or USDC for others.

Any asset swaps slippage or rebalancing fees are not covered by deposits, but rather by a different Slippage Coverage Vault, in order to try and keep any stablecoin conversion 1:1.