01 /
Brief
DeFi lending protocol with ~$45B TVL. Aave Horizon: permissioned RWA lending ($580M+ deposits). GHO stablecoin crossing $500M.
02 /
Recent activity
Latest moves on the changelog feed.
- Apr 5, 2026WIRED
Aave → USCC, JTRSY, USTB, JAAA, USYC, VBILL. Horizon collateral.
03 /
Snapshot
Key terms and identifiers.
- 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
04 /
Milestones
How this player got here.
- Apr 2026Aave → USCC, JTRSY, USTB, JAAA, USYC, VBILL. Horizon collateral.
- Mar 2025Aave v4 proposal
- Nov 2024Crossed $12B TVL
- Jan 2024GHO stablecoin launched
05 /
Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
- CentrifugeIntegratesRWA collateral provider
- PolygonBuilds on
- ArbitrumBuilds on
- AvalancheBuilds on
- BaseBuilds on
- BUIDLIntegratesGHO backing reserve
- EthereumBuilds on
- RLUSDIntegratesHorizon collateral
- USCCIntegratesHorizon collateral
- JTRSYIntegratesHorizon collateral
- USTBIntegratesHorizon collateral
- JAAAIntegratesHorizon collateral
- USYCIntegratesHorizon collateral
- VBILLIntegratesHorizon collateral
