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FollowingAave Labs opens up its revenue engine to help companies embed stablecoin savings
Aave Labs has opened up the revenue engine behind its savings app to any company that wants to use the feature. The product, called Stable Vaults, is designed to allow digital banking, wallets and payment applications to embed stablecoin revenue capabilities without having to build their own underlying infrastructure.
How Stable Vaults works
Specifically, Stable Vaults converts the floating interest rate generated by DeFi borrowing into a more predictable return for end users. Operators (which can be fintech companies, wallet providers, or exchanges) set the interest rates they promise customers, retain earnings above that level, and bear differential losses when the strategy performs poorly.
On the technical level, this product distributes deposited stablecoins into multiple revenue sources, including the Aave V3 and V4 markets, and automatically handles liquidity management, capital allocation and revenue allocation. It supports USDC, USDT and Aave\'s own GHO stablecoins. Operators can also restrict access to approved users and configure different revenue levels for different customer groups, giving companies the flexibility to deploy the product.
The key is that users do not need to interact directly with any DeFi protocol. Operating costs such as bridging and liquidity management have been included in the overall revenue structure of the treasury rather than being charged to end users as additional fees.
The growing market and the immediate challenge to Morpho
The release puts Aave head-to-head competition with Morpho, which already occupies an important position in the white-label vault market. For example, Coinbase launched a high-yield USDC savings vault backed by Morpho and Ethena in June this year, with assets under management exceeding $200 million.
The larger context is that stablecoins are increasingly integrated into daily payments and digital banking, and fintech companies are looking for ways to let customers get a return from idle balances. Treasury has become the preferred infrastructure layer to fill this role, capable of automatically transferring user deposits between different revenue strategies without proactive management.
Aave founder Stani Kulechov said the goal is to \"make predictable stablecoin gains easily embedded in any fintech application.\" Stable Vaults infrastructure also supports Aave\'s own consumer savings app, which is currently in beta.
