Aave has unveiled a new mobile savings application that offers users a 9% annual interest rate along with insurance protection. This app is designed to increase accessibility and security in the decentralized finance (DeFi) space by enabling users to access DeFi services directly from their smartphones. The platform incorporates advanced security features and insurance to protect user deposits from smart contract risks. This initiative is part of Aave's broader strategy to expand its user base and provide a competitive alternative to traditional banking solutions.