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Aave App Disclosures

Updated 12 July 2026

These Disclosures are incorporated into, form part of, and should be read together with, the Aave App Terms of Service and Privacy Policy. Capitalised terms that are not defined in these Disclosures have the meaning given in the Terms of Service. By using the Aave App you acknowledge that you have read these Disclosures and accept the technological, financial, operational, and regulatory risks of using it, including, but not limited to, all risks disclosed herein.

What the Aave App is

The Aave App is software. It enables you to set up and use a self-custodial digital asset wallet directly within the App. Through that wallet, you can connect directly to public blockchains and interact with blockchain applications and decentralised protocols, including to hold, control, earn on, and withdraw supported stablecoins. You can do this without setting up a separate digital asset wallet, holding gas tokens, or manually interacting with the underlying blockchain, application or protocol.

The wallet within the App is self-custodial. This means that you control your assets using cryptographic keys. The App does not take custody of your assets. When you authorise a transaction, it is submitted for execution on the relevant public blockchain in accordance with the applicable smart-contract code.

The Aave App is not:

  • a bank, savings, or deposit-taking service;
  • a broker, exchange, or payment service; or
  • an investment adviser.

When using the Aave App, no other party but you can route, initiate, block or exercise discretion over your transactions.

The Stable Vault

The Stable Vault is a set of public-source smart contracts that connects deposited assets programmatically according to predefined code-driven rules and governance-set parameters. A vault is not a legal entity, fund, an account, or a managed product. A vault does not take legal ownership of your assets. Assets transacted to the vault are allocated automatically by the vault's code. By transacting assets to the control of the vault, you are using the vault to opt into the transactions provided by the vault as if you had sufficient technical skill and sophistication to write the code necessary for those transactions yourself.

How the Stable Vault works:

Yield, if any, is generated by activity conducted by third parties using the underlying Aave Protocol lending markets (https://aave.com/docs/aave-v3/overview). Yields, if any, are not created by or paid by Aave Labs. Aave Labs does not control or participate in the underlying Aave Protocol lending markets.

The Aave App's configuration

The Aave App's configuration refers to the set of transactions that affect assets transacted to the control of the vault. The Aave App’s configuration is set by the Aave DAO. App users can deposit and withdraw any of the eligible stablecoins, GHO, USDC, and USDT. Pooled balances are deployed across chains and strategies according to the target allocation approved by the Aave DAO governance proposal.

A few things to keep in mind:

  • This is the expected target to be set at launch. This allocation may change through later governance votes of the Aave DAO (https://governance.aave.com/).
  • The live allocation may differ from the target at any time, as assets are rebalanced automatically for deposits, withdrawals, bridge transfers, and based upon minimum transaction execution size requirements.
  • Material aspects of the vault’s operation are verifiable onchain: contracts, balances, supported assets, and activity.

How are the Stable Vaults governed: the Aave DAO

A DAO, or decentralized autonomous organization, is a community that governs a protocol through public, onchain voting. Proposals and votes are visible on the applicable blockchain supporting the DAO, and outcomes of those proposals and votes are enforced automatically by smart contracts. The Aave DAO sets the App's vault parameters including: target allocation, supported stablecoins, safeguard thresholds, fee framework, the user-facing rate set point, and the permissioned roles. Once approved, the vault operates automatically until parameters are changed by another vote.

Accepting how the vault operates

When you use the Aave App, you agree, under the Terms of Service, to accept the operation of the vault's software as deployed, including the target allocation, supported assets, fees, safeguard thresholds, and other parameters as determined and amended through Aave DAO governance from time to time. That agreement is between you and Aave Labs (and, where applicable, the relevant service providers); the vault itself is software, is not a party to that (or any) agreement, and the vault does not take ownership or legal title to your assets. You do not lose legal ownership of your assets by transferring control of those assets to the vault. Material changes to the vault are subject to notice and, for expansionary changes, timelocks.

Rates

  • The rate you see in the App is a stable rate drawn from the vault's allocation and influenced by the underlying variable markets. It is not guaranteed by any person, entity or actor.
  • Aave Labs does not set, pay, or guarantee any rates. Any displayed rate is indicative only, is not a contractual entitlement, may be lower than shown, may be zero, and may differ materially from past performance.

Fees

  • App fees. Fees are paid from a yield spread, e.g. the difference between the yield generated by the assets controlled by the vault and the amount credited to App users. This yield spread accrues as fees paid to the Aave DAO treasury. These fees are not management, advisory, performance, or AUM fees.
  • Third-party fees. Where you use third-party services, they may charge their own fees.
  • Network fees. Certain onchain actions, such as the conversion of one stablecoin into another upon withdrawal, may give rise to network and transaction fees, including gas and swap fees. Where applicable, you will be responsible for these fees.

Aave Accounts and how your assets move

When you use the App, an embedded self-custodial smart account (an Aave Account) is created for you: a programmable self-custodial wallet whose rules are enforced onchain. You are not required to manage it separately from the use of the App, and only you can authorise transactions from it. It has two parts:

  • The Signer (your key). Your key is generated on your device and never exposed outside the signing context in the App. Your key is encrypted using both your password and an authentication credential (email or phone) and stored in encrypted form by the Aave backend. Because access requires your password plus your email or phone, your account isn't vulnerable to SIM-swaps on their own. You can add a passkey and authenticator code for more protection.
  • The Smart Account. The onchain account that holds your stablecoins. It is a smart contract with its own public address, which you can view on a block explorer along with its full transaction history. Its rules are set by that contract's code: which keys can sign, which withdrawal addresses you have approved, and the limited permissions you have granted.

Funding and withdrawing:

  • Fund by transferring supported stablecoins on a supported blockchain network from another wallet to the address provided by the App. You must ensure that you select the correct supported network when making the transfer. You can also fund by on-ramping value from a linked bank account after identity verification through Push.
  • Stablecoins that reach your account on a supported network are deposited into the Stable Vault in accordance with your signed instructions.
  • Withdrawals run in reverse of funding transactions, with assets withdrawn being transacted to a pre-authorised wallet address or, via off-ramp, to your linked bank account. Withdrawal destinations must be pre-authorised with a one-time-code check.

Recovery:

  • If you lose your App password, you can recover access to your account using a device you previously signed in on, or, if you opted in, and successfully completed the required setup, via biometric recovery from a third-party partner, CoinCover.
  • If you lose all of your credentials and recovery options, access to your assets may be permanently and irreversibly lost.

Push by Aave Labs

Push provides fiat on- and off-ramp services for eligible users of the Aave App.

In the European Economic Area (EEA), Push Virtual Assets Ireland Limited (reference number: C528869) provides these services as a Crypto-Asset Service Provider authorised by the Central Bank of Ireland under the Markets in Crypto-Assets Regulation (MiCA).

In the United Kingdom, Push Labs Limited and Push Virtual Assets Limited provide these services under their own regulatory authorisations. Push Labs Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (firm reference number: 900984) for the issuing of electronic money. Push Labs Limited (firm reference number: 1031720) and Push Virtual Assets Limited (firm reference number: 1031721) are registered with the Financial Conduct Authority as cryptoasset exchange providers under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 for anti-money laundering purposes only.

In the United States, where Push Virtual Assets LLC does not hold money-transmitter licences independently, regulated fiat payment, money transmission and related settlement services are provided through licensed third-party providers, including Bridge (https://www.bridge.xyz/) and Astra (https://astrafi.com/), each acting under its own regulatory authorisations and terms.

Push and its services are not available in all jurisdictions, and the availability of services may vary depending on your location.

The regulatory status of Push and any licensed third-party providers applies only to the regulated services performed by those entities. Any licenses or approvals relate solely to the services provided by Push and do not extend to the Aave App, the Stable Vault, or software developed by Aave Labs, none of which is a regulated product, regulated financial institution or regulated financial service provider in connection with those products. Where you complete onboarding or use fiat on- or off-ramp services, your relationship for those regulated services is with the relevant regulated provider under its applicable terms and policies.

For further information about Push, please see the relevant Customer Agreements located at https://www.push.co/legal/us/; https://www.push.co/legal/eu; and https://www.push.co/legal/uk.

Balance Protection

The Aave App includes a Balance Protection Program. This is a separate, discretionary program available to eligible customers. Any benefit from this program is subject to the program's terms, eligibility requirements, coverage tiers, and overall program limits. The Balance Protection Program is not insurance, is not a bank deposit guarantee, and does not guarantee reimbursement for any loss. You can check your program enrollment status in the Aave App.

Risks: please read carefully

These risks are not exhaustive, and others may arise. You are solely responsible for deciding whether the App is right for you, and by using the App you may lose some or all of your assets.

  • Lending risk. The vault earns yield by supplying assets into lending markets where borrowers draw against posted digital asset collateral. If borrowers fail to repay, or if collateral falls in value faster than positions can be liquidated, the markets can be left with “bad debt,” i.e. a shortfall, that reduces the assets available to lenders. Repaying and withdrawing also relies upon sufficient available liquidity in the relevant market at the time. When utilisation is high or markets are stressed, your withdrawal may be delayed or temporarily unavailable, and in severe cases you may suffer partial or total loss of value.
  • Experimental technology. Blockchains, smart contracts, and digital assets are novel and evolving. These technologies may not always operate as expected, intended or anticipated.
  • Smart-contract risk. The App and vault run on self-executing smart contracts that, despite audits, may contain errors, design flaws, or vulnerabilities, or may be exploited or attacked by third parties. Audits do not guarantee the absence of vulnerabilities, and outcomes may differ from expectations, including outcomes that result in the partial or total loss of assets.
  • Protocol and governance risk. The vault depends on third-party protocols governed through their own processes, including the Aave DAO. Governance changes to supported assets, parameters, rate models, caps, or roles may affect the vault's operation, yield, features, or your ability to access and/or use the App and your value transacted to the App.
  • Permissioned-role risk. Permissioned roles with respect to the App operate within onchain-established limits, but may temporarily restrict deposits or withdrawals, limit cross-chain transfers, apply governance-approved withdrawal fees, and adjust the rate within approved limits, including to 0%. Protective actions deemed necessary to preserve the ongoing functionality of the App, and to preserve value may take effect immediately. Compromise, misuse, failure, or error affecting these roles or committed by those empowered to take those roles could delay withdrawals, restrict functionality, affect value transacted to the vault, or reduce returns.
  • Market and stablecoin risk. Yield and principal depend on underlying markets and stablecoins. Defaults, liquidity shortages, bad debt, liquidations, attacks, compromises, or stablecoin de-pegging can reduce returns and, in severe cases, cause partial or total loss of value.
  • Blockchain infrastructure risk. The App relies on third-party networks that may experience congestion, high fees, delays, forks, reorganizations, validator or consensus failures, compromises, or attacks. These networks are run by independent participants, not by Aave Labs. If a network delays a transaction, fails to process it, or reverses one that appeared confirmed, there is no operator to appeal to and no compensation for any resulting loss.
  • Transaction finality and non-recourse. Blockchain transactions are irreversible once final. They cannot be cancelled, reversed, charged back, or recovered, not by you, not by Aave Labs, and not by anyone else. There is no chargeback or dispute process of the kind banks and card networks offer. Assets sent to an incorrect or unsupported address, or on the wrong network, are permanently lost. This is a property of the technology, not a choice we make.
  • Bridge and cross-chain risk. The vault relies on cross-chain messaging and bridging. Delays, failures, insufficient liquidity, attacks, or compromise may delay or prevent transfers or withdrawals; in exceptional cases, alternative withdrawal processes may be required.
  • Oracle risk. The vault relies on third-party oracles for pricing data. Incorrect, delayed, unavailable, or manipulated data may restrict certain functions or result in value loss.
  • Third-party provider risk. The App and Push rely on providers for identity verification, screening, fiat rails, recovery, cloud infrastructure, and more. These operate under their own terms and may experience outages, failures, incidents, or regulatory action outside Aave Labs' control.
  • Fiat settlement risk. Fiat deposits and withdrawals pass through regulated third-party institutions and settlement systems. Delays, compliance reviews, payment failures, or provider insolvency may delay or prevent access to fiat funds.
  • Key-loss and recovery risk. You are responsible to protect and secure your credentials and recovery methods. If you lose your password, devices, authentication factors, and recovery options, access to your assets may be permanently and irreversibly lost.
  • Transaction finality. Blockchain transactions are generally irreversible once confirmed and cannot ordinarily be cancelled or recovered. Assets sent to an incorrect or unsupported address may be permanently lost.
  • Regulatory risk. The treatment of blockchains, digital assets, DeFi, and self-custodial software varies by jurisdiction and is evolving. New laws, guidance, enforcement, or decisions may restrict or materially affect the function or availability of the App, the vault, supported assets, or your access to same.
  • Availability risk. The App, vault, or related services may be modified, suspended, interrupted, or discontinued at any time, with or without notice. Do not rely on continuous availability for time-sensitive transactions.
  • Competitive environment risk. There is a competitive environment for users of blockchains, digital assets, DeFi, and self-custodial software. This competitive environment may incentivize third parties to attack, crack, hack, or use malware to attempt to cause any given blockchain, application, oracle, smart contract or related software or service provider to fail, and may result in harms, damage or losses. Despite all appropriate diligence and care, no party, user, developer or provider can offer any product or service that is fully protected from the risks of this competitive environment and all users of the App use the App at their own risk.

No advice and no warranties

Nothing in the App or these Disclosures is business, investment, financial, legal, tax, or accounting advice, or a recommendation. Do your own research and consult qualified professionals; any decision to use the App is made independently and at your sole risk.

Except where required by law, the App is provided "as is" and "as available," with no warranty of any kind, including as to availability, security, uninterrupted or error-free operation, fitness for a particular purpose, merchantability, non-infringement, or accuracy.

Tax

Aave Labs does not provide tax advice. You are solely responsible for determining and meeting your tax obligations arising from your use of the App. Consult a qualified tax professional.

Eligibility and restricted jurisdictions

You must meet the eligibility requirements in the Terms of Service, including legal age and capacity. The App is not available everywhere, is not available to everyone, and what is available differs from jurisdiction to jurisdiction. This includes the yields and boosts that may be available at any time and the fiat rails supported. We may make further changes to availability over time.

Changes to these Disclosures

These Disclosures may be updated from time to time. Continued use after an update constitutes acceptance.