Bitget Wallet, known as a leading non-custodial crypto wallet, has announced a strategic partnership with Aave, a top decentralized lending protocol, to introduce a new product titled Stablecoin Earn Plus. This initiative aims to provide users with a long-term base annual percentage yield (APY) of 10%, which outpaces the current yields offered by other self-custodial wallets and major exchanges.
The Stablecoin Earn Plus product works by channeling user-supplied USDC into Aave’s overcollateralized lending pools within the Base network. This system allows borrowers to access funds while ensuring that Bitget supplements interest from these borrowers, thus guaranteeing a minimum return of 10% APY on deposits of up to US$10,000. Participation in this program can begin with as little as US$1, and users can expect real-time earnings with withdrawals completed in mere seconds. This level of liquidity stands in stark contrast to traditional banking products, which often take days to release funds and typically offer annual rates below 2%.
When compared to yield products from various exchanges and other self-custodial wallets, Bitget Wallet’s offering is notably competitive, providing nearly double the return compared to most alternatives that generate no more than 6% APY for similar USDC-based services. The higher yields available through onchain lending markets like Aave stem from the direct matching of funds to borrower demand, thus eliminating the need for intermediary spreads or custodial overhead. Data from recent months indicates that Aave’s stablecoin yields have been among the most attractive risk-adjusted returns available, even outperforming U.S. Treasuries.
Bitget Wallet’s seamless integration with Aave allows for the direct transfer of deposits into Aave’s lending markets, with all transactions verifiable on the blockchain. Furthermore, the wallet upholds user security standards through its User Protection Fund, which is backed by 6,500 BTC, valued at over US$700 million, demonstrating its commitment to user safety along with the protective measures inherent in decentralized protocols.
Stani Kulechov, the Founder of Aave Labs, remarked on the collaboration, stating, “Bitget Wallet is making Aave’s yields simple to access for more people globally. By connecting easy-to-use wallets with trusted onchain markets, everyday savers can now benefit from open and transparent finance.”
Jamie Elkaleh, Chief Marketing Officer at Bitget Wallet, expressed that this partnership is a significant milestone in connecting institutional-grade yield opportunities with a wider audience. He highlighted that the Stablecoin Earn Plus initiative empowers users with higher APY, real-time accrual, and the flexibility to withdraw funds at any time, all from a single wallet that users already utilize for various transactions including trading and payments. This development is seen as a step toward realizing a vision where cryptocurrency becomes an integral part of daily life for everyone.
In collaboration with Aave and service provider TokenLogic, Bitget Wallet has ensured that the Stablecoin Earn Plus integration aligns with long-term sustainability goals of the protocol. The product utilizes Aave’s interest-bearing aTokens, which automatically distribute underlying yields to users in real time. There is potential for this framework to expand to include additional assets and networks, which would further increase accessibility to Aave’s liquidity markets through one of the largest global wallet distribution channels.
Additionally, Bitget Wallet has plans to broaden its Stablecoin Earn Plus offerings to incorporate more stablecoins, protocols, and blockchains in the near future. This aligns with its overarching “Crypto for Everyone” vision, which seeks to establish digital assets as a practical tool for savings, payments, and investments worldwide. To encourage early adoption, the company has announced a limited-time promotion whereby users who sign up between September 9 and September 15 will receive an enhanced 18% APY during their first week.
