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Aave Stable Vaults

Stable Vaults let financial platforms offer stable-rate earning on stablecoins without exposing their users to the complexity of DeFi.

Overview

DeFi lending rates change with market utilization. Stable Vaults pay depositors a stable rate instead, compounded continuously. The vault's smart contracts handle accounting and liquidity, and allocate deposits to yield strategies. The rate is not guaranteed: interest is paid from the yield the vault earns.

The integrator sets who can deposit and each user's rate, and claims surplus yield. Supported stablecoins are treated as equivalent once deposited, so users can withdraw in any supported asset regardless of what they put in.

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Stable Vaults Architecture

Learn more about how Stable Vaults work:

  • Features: stable-rate earnings, multi-strategy and multi-chain earning, per-user rates, allowlisting, surplus management, and multi-asset deposits & withdrawals.
  • Architecture: the Accounting Chain, Earning Chains, and roles & access controls.
  • ERC-4626 Yield Strategies: the yield sources the vault allocates deposits into.