Aave Announces Savings App

💰 Aave Labs Launches High-Yield Savings App

New Savings Platform Announced: Aave Labs introduced the Aave App, a mobile savings product that offers interest rates up to 9% on stablecoin deposits. The base rate is 5%, paid continuously through the Aave lending protocol. Deposits are protected by insurance coverage up to $1 million provided by Relm Insurance. Users can fund accounts from over 12,000 banks or debit cards. Aave CEO Stani Kulechov announced on November 17: "Bringing Aave to everyone." The app is positioned as a direct alternative to traditional high-yield savings accounts.

Yield Structure and Security: Higher rates are available through optional boosts, such as completing KYC, setting recurring deposits, or referring users. The underlying lending markets are over-collateralized, with borrowers required to deposit more than they borrow. The protocol's FAQ states: "Aave money markets are over-secured - borrowers are required to deposit more than they borrow, meaning your savings are backed by more than 100% of their value." Aave Labs earns revenue from the spread between user rates and market yields.

Rollout and Market Impact: The iOS version launched on November 17, with Android and web versions to follow soon. A waitlist is open at aave.com/app, where users can register and refer others to advance their position. Some community members have questioned the reliability of the $1 million insurance coverage from Relm Insurance. Observers note the launch will test whether a DeFi-based product can attract users outside the existing crypto community. Read More.

️ On today's Top Picks:

  1. ⭐️ Monad launches $MON public sale on Coinbase.
  2. ⭐️ MegaETH $MEGA teases "Second biggest week of the year."
  3. ⭐️ Nvidia $NVDA to report Q3 2025 earnings on Nov 19th.
  4. ⭐️ Coinbase $COIN Ventures backs USDai.

Read time: ⏰ 6 minutes


Crypto News


• ⭐️ Aave $AAVE announces Aave app; offers up to 9% APY on stablecoins & up to $1M in balance protection; early access (waitlist) live on iOS; coming soon to Android & Web.

US Trump Administration reviews proposal that allows the IRS to view Americans' foreign crypto holdings; to potentially join the Crypto-Asset Reporting Framework (CARF).

Digital Asset Investment Products saw $2B in outflows last week; Bitcoin $BTC ~$1.38B outflows, Ethereum $ETH ~$689M outflows, Solana $SOL ~$8.3M outflows, Ripple $XRP ~$15.5M outflows.

Cboe to launch Continuous Futures for Bitcoin $BTC and Ethereum $ETH on December 15th; offers investors US-regulated perpetual-style exposure.

VanEck Solana $SOL ETF begins trading; SOL Strategies $STKE to provide staking services for VanEck's Solana ETF.

Fidelity Solana $SOL ETF to begin trading on November 18th; Grayscale, Bitwise, & VanEck Solana ETFs are all currently live & trading.

Cardano $ADA user swaps 14.4M ADA (~$6.9M) for 846K $USDA; loses ~$6.05M due to low liquidity.

DappRadar $RADAR to shut down citing no financial sustainability; to begin winding down in the coming days.

Alpha


Coinbase $COIN updates its X account bio to "December 17th" teasing upcoming announcement; to host H2 2025 product event according to recent Q3 2025 earnings call.

• ⭐️ Monad launches $MON public sale on Coinbase; offers 7.5B MON (7.5% of the total supply) at $0.025 ($2.5B valuation) per MON; open from November 17th to November 22nd.

• ⭐️ MegaETH $MEGA teases "Second biggest week of the year" on X; to potentially launch mainnet soon.

Rainbow adds support for Katana & Gnosis $GNO networks; to add more chains "every day"; to launch $RNBW soon.

OpenSea to unlock Wave 2 of Treasure Chests on November 18th; to also unlock Wave 3 starter chests.

Zama launches Zama testnet v2; to launch mainnet & $ZAMA token soon.

Airdrops


Sentient launches Sentient $SENT airdrop registration & eligibility checker; Sentient Chat users, open-source AI researchers, & more are eligible; registration closes on November 29th.

Espresso announces more paths to Espresso $ESP airdrop eligibility; Rufus top players, Dogelon Mars Land NFT holders, & Syndicate $SYND top stakers to be eligible.

Hyperbeat launches Hyperbeat $BEAT airdrop registration; Hyperbeat Hearts (points) holders & Hypurr NFT holders are eligible; review & sign the Hyperbeat Foundation Terms of Use by December 5th.

Harmonix launches Harmonix $HAR airdrop registration; Harmonix points holders, Hypurr NFT holders, & more are eligible; review & sign the Harmonix Terms of Use by December 1st.

Tabi Foundation posts "gTabi" on X; to potentially launch Tabi mainnet, TGE, & airdrop soon.

Finance News


Key Events This Week by The Kobeissi Letter.

US Treasury Secretary Bessent says the Trump Administration is targeting a trade deal with China by Thanksgiving.

• ⭐️ Nvidia $NVDA to report Q3 2025 earnings on November 19th; results are considered one of the most important market catalysts for the remainder of 2025.

Strategy $MSTR buys an additional 8,178 Bitcoin $BTC for ~$835.6M at ~$102,171 per BTC; now holds 649,870 BTC (~$59.9B) acquired for ~$48.37B at ~$74,433 per BTC.

Bitmine $BMNR buys an additional 54,156 Ethereum $ETH ($163M); now holds 3,559,879 ETH (~$10.7B) acquired at $3,120 per ETH; also holds $607M in unencumbered cash.

Forward Industries $FWDI acquires additional Solana $SOL; now holds 6.9M SOL (~$904M); Forward Industries has also transferred 1,887,962 SOL (~$247M) to Coinbase Prime, unclear what the transfers are for.

Sharps Technology $STSS reports Q3 2025 earnings; reports $17.7M in combined staking revenue & fair-value gains, $25.2M in cash & stablecoin holdings, & more; currently holds over 2M Solana $SOL (~$262M).

KindlyMD $NAKA delays Q3 2025 earnings; cites recent merger with Nakamoto Holdings requires "additional time to ensure the accuracy and completeness of the information"; currently holds 5,765 Bitcoin $BTC (~$529M).

Security and Exploits


OpenSea loses 4 $ETH (~$12K) due to buying a fake NFT collection for the OpenSea Rewards program; the fake collection has since been removed.

GoPlus warns warns that several x402 projects carry security risks; includes excessive authorization, honeypots, & unlimited minting.

Yala Stablecoin $YU depegs due to runaway borrowing & low liquidity; team to provide operational plan by December 15th.

• ⭐️ Google releases security update patching two security vulnerabilities; includes one that is under active exploitation in the wild.

Token Unlocks


• Arbitrum $ARB / ~$21M / NOV 16th
• ZKsync $ZK / ~$9M / NOV 17th
• ApeCoin $APE / ~$5M / NOV 17th
• LayerZero $ZRO / ~$36M / NOV 20th
• Kaito $KAITO / ~$7M / NOV 20th
Sourced from Tokenomist


Funding


Harmonix raises $1.5M in Seed funding from several investors.

• ⭐️ USDai raises an undisclosed amount in funding from Coinbase Ventures.

CodexField raises an undisclosed amount in Strategic funding from Onebit Ventures.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOLASSETSAPY
Pendle logoPendle (Ethereum)CTSTABLEUSDT1610.32%
Hyperion logoHyperion (Aptos)USD1USDC166.52%
Peapods Finance logoPeapods Finance (Ethereum)USDC46.83%
Uniswap V3 logoUniswap V3 (Ethereum)EURCVUSDC30.42%
Aerodrome Slipstream logoAerodrome Slipstream (Base)MSUSDUSDC24.08%
Gearbox logoGearbox (Etherlink)USDC21.37%
Avantis logoAvantis (Base)USDC20.46%
Wildcat Protocol logoWildcat Protocol (Ethereum)HYPERWILDCATPRIVATE1USDT20.00%
. . .

☁️ EigenCloud: Verifiable Cloud & Ethereum Restaking

☁️ What is EigenCloud EigenCloud is a developer platform built on EigenLayer, Ethereum’s leading restaking protocol. Users restake ETH or EIGEN to secure DeFi, AI, and real-world applications. With over $20B in TVL and 162+ Actively Validated Services (AVSs) in development, it’s backed by a16z’s recent $170M investment. Join now: Restake to earn rewards (over $128M already distributed) or run nodes for AI inference and scaling. Just launched: Concrete’s Staked Eigen Vault delivers 8-10% real USD yield, Eigen incentives, partner rewards, and full DeFi composability.

🌉 EigenZero: Restaking for Interoperability EigenCloud and LayerZero just launched EigenZero, the first cryptoeconomically secured Decentralized Verifier Network (DVN). Powered by EigenCloud’s restaking and slashing infrastructure and backed by $5M in ZRO stake, it enforces accountability for cross-chain verifications. Verifiers face real penalties for failures. Over 600 LayerZero-integrated apps can now opt into Ethereum-grade security, while builders select verifiers based on stake, history, and performance. Each new DVN deepens EIGEN's role as the economic trust layer for verifiable interactions across chains.

🚀 EIGEN & x402: Early in the Stack Long before x402 became the standard for agent-to-agent (A2A) payments, EigenCloud shipped live verifiable workflows with Google’s AP2 in September. EigenCompute executes tasks with cryptographic proofs, EigenDA provides scalable storage for inputs and outputs across chains, and AVSs integrate trust directly into agent operations. Together, the x402 + AP2 + EigenCloud stack forms a complete verifiability layer, enabling secure, programmable interactions in the emerging agent economy.

👉 Deposit into Concrete’s Staked Eigen Vault and earn real yield today!

. . .

That’s it for today’s edition! See you soon.

Reply

or to participate.