Aave

DeFi lending protocol. Aave V4 launched on Ethereum on March 30, 2026 with a hub-and-spoke design for shared liquidity and specialized lending markets. Horizon serves institutions borrowing stablecoins against eligible tokenized securities. Fireblocks Earn added native access to Aave lending in April 2026.

• Aave: V4 Ethereum launch (opens in a new tab)

  Checked Sep 12, 2026

  • March 30, 2026 Ethereum mainnet launch and hub-and-spoke architecture; scanner's April date was not launch date.
• Fireblocks: Earn early-access launch (opens in a new tab)

  Checked Sep 12, 2026

  • April 15 integration provides institutions native access to Aave lending markets.
• Aave: Horizon institutional market design (opens in a new tab)

  Checked Sep 12, 2026

  • Qualified investors borrow stablecoins against eligible tokenized securities; compliance rules remain asset-specific.
• Aave: stablecoin infrastructure (opens in a new tab)

  Checked Sep 12, 2026

  • RLUSD is a borrowable stablecoin on Horizon, not the RWA collateral described by the old label.

• Apr 5, 2026WIRED

  Aave → USCC, JTRSY, USTB, JAAA, USYC, VBILL. Horizon collateral.

Asset value

$45B

Spec type

lending-venue

Chain

Ethereum + 10 others

Rwa collateral

BUIDL (Horizon), USYC, ACRED, GHO

Borrow assets

USDC, USDT, DAI, GHO

Typical ltv

70-85%

Curator led

Mixed (Horizon permissioned)

Asset classes

Treasuries, Private credit

Token standards

erc-20, eip-4626

Analytics

defillama.com/protocol/aave

1. Apr 2026Aave → USCC, JTRSY, USTB, JAAA, USYC, VBILL. Horizon collateral.
2. Mar 2026Aave V4 launched on Ethereum with hub-and-spoke architecture
3. Mar 2025Aave v4 proposal
4. Nov 2024Crossed $12B TVL
5. Jan 2024GHO stablecoin launched