Aave V4 deployed on Avalanche network, launches three major submarkets

According to the Aave blog, Aave V4 has been deployed on the Avalanche network, adopting a Hub & Spoke architecture. This deployment includes a core liquidity hub and three sub-markets: the main market supports borrowing and lending for WAVAX, BTC.b, USDC, USDT, and WETH.e; the AVAX-related market allows users to deposit sAVAX and borrow WAVAX; the foreign exchange market supports collateralization and lending among EURC, USDC, and USDT. The core liquidity hub uses a shared liquidity pool design. Since 2021, Aave has been deployed on Avalanche, with V2 and V3 historical cumulative inflows exceeding 1.5 billion USD. Currently, the stablecoin utilization rate in the V3 market exceeds 90%.