Consensys Taps DeFi Giant Aave for Metamask Stablecoin Yield

Consensys has integrated Aave’s lending protocol into Metamask, enabling users to earn yield on stablecoins directly within the wallet.

Aave Powers New MetaMask Stablecoin Yield Feature

Consensys has selected decentralized finance (DeFi) protocol Aave to power its new “Stablecoin Earn” feature within the Metamask wallet. The integration allows users to earn yield on USDC, USDT, and DAI stablecoins directly through their wallets.

According to the release shared with Bitcoin.com News, this marks Metamask’s initial move into decentralized lending beyond its existing staking services. Aave serves as the DeFi lending partner for the feature.

Aave founder Stani Kulechov stated the partnership brings DeFi earnings directly into wallets users already operate. Metamask Global Product Lead Gal Eldar said users can now deploy stablecoins to grow their balances within the wallet.

Eldar commented:

“Aave brings the scale and security to deliver that, and together we’re expanding access to a better financial system that’s open to anyone, anywhere.”

Metamask, launched in 2016, reports over 100 million global users as a self-custodial wallet. Aave, established in 2020, holds more than $35 billion in total value locked (TVL), making it one of DeFi’s largest protocols by TVL. It is recognized for risk management tools and liquidity depth.

The companies noted that they previously collaborated on Metamask Card, which lets users spend yield-bearing stablecoin aUSDC in real-world transactions while accruing interest until spending occurs.

According to Metamask and Aave, the partnership demonstrates how consumer applications can integrate Aave’s lending markets to broaden DeFi access. “Aave’s goal is to make it easier for anyone, anywhere to access DeFi and better manage and grow their finances,” Kulechov concluded.