Suspicious link from my VPN
Stacking USDC
ITS A PYRAMID SCHEME!!! You have to invite alot of friends to get higher %
What Avve
Clean user friendly App
Doesn't do anything
Future of banking 9%
FIRST TIME
Not actually Aave
First of all, without referring anyone, you’re simply giving up all your personal information to get a lower rate than stkGHO.
If you somehow manage to convince *24* people to sign up & fully verify their identity, you get on a waitlist, that’s says you will get 9% for 90 days.
Of course this requires disclosing everything from your home address to social security number, to Avara labs, presumably who you are actually depositing with, as Aave is a permisionless protocol which would never require this information, and would be a huge risk to user if they did. Avara is likely then in turn sourcing yield from Aave + their own funded incentives for the bonus.
The other key part here being that for anyone who doesn’t refer the full 24 people, they are paying you less than they are getting from Aave.
Fraud?
Sketchy.
Can’t wait to get off the waitlist!
Referral System Buggy
Can’t wait for full release!
After a bit I figured out that if you refer friends you can stack up APY boosts that will get applied to your savings when you deposit.
👌👌👌
Yield to match
Setting up was really smooth
This is a SCAM
Aave is a DeFi protocol — rates change every second.
No fixed savings. No referral bonuses. No waitlist rewards.
2. Fake “verify identity for +1%” is a common fraud tactic
Scam apps push you to upload:
• ID
• SSN
• Selfie
• Bank info
This allows:
• Account takeover
• Credit fraud
• Identity theft
3. The UI has nothing to do with Aave branding
Aave always uses:
• 👻 ghost logo
• Pastel gradient colors
• DeFi terminology
Not this “savings booster” style.
4. Aave does NOT run waitlist programs
Scam apps often create waitlists to make it look “exclusive.”
Response from developer
You can verify the authenticity of the Aave App by visiting aave.com/app. By clicking the "Early Access on iOS" button you will find that the official website links to this official app. Aave App is introducing brand new features which, while still powered by the Aave Protocol, will allow users to earn steady earning rates rather than the variable ones offered by Aave Protocol.
