Aave

This page may contain stale information. Last updated: 2026-06-28

Overview

Aave is a leading defi lending protocol (~$23B TVL) founded by Stani Kulechov. Native stablecoin: GHO. Aave V4 introduces hub-and-spoke architecture for multi-asset lending markets.

Recent Developments

• 2026-06-26: Kulechov confirmed expansion into securities-backed loans and securities lending — TAM beyond crypto to all asset classes (2026-06-27-aave-kulechov-securities-lending-x)
• 2026-06-20: V4 proposal: tokenized stocks/bonds as collateral, onchain repo, direct securities lending via hub-and-spoke (2026-06-27-aave-fxstreet-v4-hub-spoke)
• Target markets: $4.6Tsecuritieslending,$12.6T US repo daily, $1.3Tmarginlending,$400B+ wealth-management SBL

V4 Architecture

Central liquidity hub supplies capital to specialized spoke markets with independent risk parameters. Supports shared or isolated liquidity pools by asset class (Treasury, credit, equities). Atomic on-chain settlement vs T+1/T+2 TradFi.

Related

• defi
• securities-lending
• tokenized-equities
• tokenization
• stablecoin
• aave-securities-lending-tokenized-stocks

Sources

• 2026-06-27-aave-kulechov-securities-lending-x
• 2026-06-27-aave-blockonomi-securities-lending