Aave began onboarding early users to its mobile app on iOS on Wednesday, moving its consumer savings product into early access while Android and web users remain on a waitlist.
Aave founder Stani Kulechov said Ghost Passes let users invite friends to skip the waitlist.
The announcement marks a phased opening rather than the software’s first appearance in Apple’s store. The App Store already listed the Aave app and showed a recent version update before Wednesday’s onboarding announcement.
Deposits, Yield and Withdrawals
Aave’s current product page describes the mobile product as a savings app and emphasizes depositing, earning and withdrawing. Users can connect bank accounts and debit cards, while its stablecoin wallet supports deposits and withdrawals on Arbitrum.
Deposited funds generate yield through open lending markets. Aave says the assets are supplied to lending pools, where borrowers pay interest that flows back to depositors.
The current product page does not advertise direct borrowing or a user-directed trading feature. In July, Aave Labs described card fees, asset swaps and foreign-exchange products as additions expected to phase in during 2026, saying at the time that the swap and FX capabilities had not been built or cleared for launch.
Stable Vaults support multiple stablecoins and can swap commonly denominated stablecoins for one-to-one redemption. That is part of the vault’s savings infrastructure, rather than evidence of a general-purpose trading feature in the app.
Aave describes the app as self-custodial despite its fintech-style login and recovery features. The app’s terms say its embedded wallet generates and stores private keys locally, while Aave Labs never takes possession of users’ assets or keys. The launch architecture uses smart accounts to abstract wallet setup and gas management from the user.
Access Remains Limited
Aave Labs said in July that its iOS waitlist had about 50,000 registered users and that identity checks on the waitlist were then available only to U.S. users. The app’s terms make access subject to local law and prohibit users in sanctioned and other listed restricted jurisdictions. Aave’s Wednesday launch post did not identify the countries included in the early-access cohort.
The app extends Aave Labs’ push into retail distribution after its October 2025 acquisition of Stable Finance, whose team built an iOS app for stablecoin savings. Aave said at the time that Stable’s existing app would be phased out and its technology used in future Aave products.
Stable Vaults now power the savings layer in the Aave App and are also offered to fintechs seeking to embed stablecoin yield. Broader distribution remains the next step: Android and web users were still being routed to the waitlist as of Wednesday.