Aave is packaging this like a fintech, not a dapp: the EU flow shows 6.00% base APY and 6.50% with boosts, while the US FAQ says 5% starting and up to 9% with boosts. The deposit funnel matters more than the UI, since DeFiLlama has Aave around $13.4B TVL, GHO near $598M supply, and Ethereum sGHO at 4.25% APY on about $136M TVL. Sky already proved this wrapper can scale, with Ethereum SUSDS sitting around $5.6B TVL.

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