Platform
Supplied asset
A deposit adds liquidity. Interest depends on borrowing demand and the selected reserve’s terms.
Your ecosystem guide / Aave
Aave: supply, collateral and borrowing
Aave is a lending protocol: suppliers deposit assets and borrowers obtain liquidity against collateral. The protocol version, network and market determine position terms. V3 uses separate pools; V4 consolidates liquidity through a Hub and serves positions through Spokes.
- Protocol
- Supply and collateralised borrowing
- Verified on 15.10.2026
- Aave V4
- Hub: liquidity; Spoke: positions
- Verified on 15.10.2026
- Health factor
- Below 1 — eligible for liquidation
- Verified on 15.10.2026
Aave
All sections
Supply, debt, AAVE and GHO
Each position has its own accounting.
Collateralised debt
A borrower receives the selected asset and accrues debt plus interest. Eligible collateral value limits borrowing capacity.
Governance and a stablecoin
AAVE participates in protocol governance. GHO is the ecosystem’s dollar stablecoin with its own issuance and usage rules.
Lending position
What is recorded after you supply
V3 and V4 account for supplies differently. Borrowing adds debt and collateral requirements.
Supply on V3
- 01Asset into a V3 pool
- 02aTokens in the wallet
- 03Interest accrues
Source of the result
An aToken represents the deposit; its balance increases as interest accrues.
- How to close the position
- Withdrawal returns the underlying asset and burns the corresponding aTokens, subject to available liquidity.
- What changes the position
- If the supply is used as collateral, debt and health factor constrain withdrawals.
Supply on V4
- 01Choose a Spoke and reserve
- 02Supply to the Hub through the Spoke
- 03Position accounting in the Spoke
Source of the result
The supply earns interest attributable to the user’s position. The supply rate derives from borrower interest after protocol fees.
- How to close the position
- Withdraw through the selected Spoke. The available amount depends on liquidity and collateral position conditions.
- What changes the position
- The Hub sets liquidity limits; the Spoke sets reserve and risk parameters. The selected market determines the actual terms.
Borrow and repay
- 01Eligible collateral
- 02Receive assets and create debt
- 03Repay and release collateral
Source of the result
The borrower pays interest for using the asset. On V4, a collateral risk premium also affects borrowing cost.
- How to close the position
- Return the borrowed asset plus accrued interest. Reducing debt releases collateral capacity; full repayment closes that debt.
- What changes the position
- A health factor below 1 makes a position eligible for liquidation. Collateral prices, debt and market parameters affect the ratio.
Version, network, Hub and Spoke
Market selection starts with the complete set of parameters.
Separate pools
V3 operates across several networks, including Polygon. Each pool has its own reserves, caps, collateral parameters and liquidity.
Shared Hub liquidity
V4 has launched on Ethereum, Avalanche and Base. A Spoke serves particular positions and risks within the Hub’s liquidity limits.
Same ticker, different terms
Network, market address, version and Spoke identify the position. Rates and eligible collateral can differ for the same asset.
Products and applications
V3 and Pro interfaces separate protocol versions. GHO has its own product set.
V3 markets
Aave V3
Supplies, borrowing, aTokens and collateral status on the selected V3 network.
V4 markets
Aave Pro
Choose the V4 Hub, Spoke, reserve, collateral and debt position.
Ecosystem stablecoin
GHO
Documentation and applications for the GHO dollar stablecoin.
Choose the market before depositing
Connect a wallet to the market’s network. Supply the reserve’s asset and pay gas using that network’s gas asset. The version and available deployment determine interface parameters.
Network and version
Open V3 or Aave Pro and select the market. Its address distinguishes the position from a same-named asset on another network.
Supply and collateral
Token spending approval and supplying are separate operations. Collateral use depends on reserve rules.
Debt and collateral headroom
Before borrowing, the interface shows its effect on health factor. After execution, prices and interest accrual continue to change it.
Borrower interest and the protocol share
Borrowers pay interest in the debt asset. Suppliers receive the result attributable to their share after the configured protocol fee. Liquidity utilisation affects rates; V4 borrowing cost also includes a collateral risk premium.
Withdrawal, repayment and liquidation
Withdrawable assets and debt follow the current position state.
Withdraw a supply
Withdrawal uses available liquidity. Assets securing debt are also constrained by collateral requirements.
Change collateral health
Adding eligible collateral or repaying debt improves health factor, all else equal. Below 1, a liquidator can repay debt and receive collateral with a bonus.
Participate in governance
AAVE participates in protocol governance. Interest accrues to asset suppliers under the lending position’s terms.
Documents, tools and communities
Aave lending basics ↗V4 Hub and Spoke ↗Aave Pro guide ↗V4 liquidations ↗Position conditions ↗Deployment addresses ↗GHO ↗V4 on Base announcement ↗
2 Discord communities on Aave
Checked on 15.10.2026
Aave Community
Aave’s own community for governance, integrations and developer support.
Community
About the ecosystem
DeFi Saver
DeFi Saver integrates Aave position management and automation.
Community
About the ecosystem
Full list on discordcatalog.com →
2 sources about Aave
Aave founder and risk-service contributors on lending products, collateral and integrations. Builder and service-provider roles are preserved.Checked on 15.10.2026
Stani Kulechov
StaniKulechov
Aave founder on lending, Aave App and new protocol integrations.
Builders
About the ecosystem
LlamaRisk
LlamaRisk
Aave risk-service provider building LlamaGuard, collateral monitoring and risk parameter infrastructure.
Builders
About the ecosystem
Full list on xfollowlist.com →
Reviewed: 15 October 2026
Practical questions
1Is Aave V4 live?+
Launches are confirmed on Ethereum, Avalanche and Base. Market and asset availability differs by network and Spoke.
2Why can my supply balance exceed my withdrawable amount?+
Some liquidity may be borrowed. If the supply backs a loan, debt and collateral requirements further constrain withdrawals.
3When does a position become liquidatable?+
When health factor falls below 1. On V4, repayment targets a Spoke-level health factor and the bonus depends on position health.