Aave Tracker

Aave V4 Global Dollar hub on Ethereum

A hub is a shared pool of liquidity on Ethereum. It sets the base borrow rate for each asset from how much of that asset is lent out. Spokes connected to this hub lend and borrow from it.

Data from Aave's V4 API · updated

Total supplied

$125.7M

 

Total borrowed

$50.06M

39.8% of supply

Assets

6

 

Connected spokes

3

 

Assets in this hub

The borrow figure is the base rate. A borrower's own risk premium can add to it.

AssetSuppliedSupply APYBorrowedBase borrow rateUtilizationKink
syrupUSDGsyrupUSDG$63.71M supplied $63.71M62.58M syrupUSDG 0.00% $0 not borrowable– 0.0% 99%
USDGGlobal Dollar$53.56M supplied $53.56M53.57M USDG 2.91% $48.16M 4.07% 89.9% 90%
PAXGPaxos Gold$5.89M supplied $5.89M1.45K PAXG 0.00% $0 not borrowable– 0.0% 99%
USDCUSD Coin$2.49M supplied $2.49M2.49M USDC 2.58% $1.90M 3.79% 76.1% 92%
PT USDGPT USDG (Sep 2026)$2.5K supplied $2.5K2.52K PT USDG 0.00% $0 not borrowable– 0.0% 99%
USDtTether USD$1.8K supplied $1.8K1.76K USDt 7.18% $1.7K 8.52% 94.2% 92%

Spokes connected to this hub

MarketTotal suppliedTotal borrowedBorrowed shareAssets
Ethereum Maple SyrupUSDGV4Ethereum · Aave V4 spoke $117.0M $56.98M 48.7% 4
Ethereum PAXG GoldV4Ethereum · Aave V4 spoke $6.03M $3.10M 51.3% 2
Ethereum USDG PendleV4Ethereum · Aave V4 spoke $2.50M $2.2K 0.1% 5

About the Global Dollar hub

The Global Dollar hub holds 6 assets on Ethereum and lends them to 3 connected spokes. By deposits it is the 4th largest of the 8 Aave V4 hubs. $125.7M is supplied and $50.06M borrowed, so 39.8% of deposits are lent out.

The largest pools are syrupUSDG ($63.71M), USDG ($53.56M) and PAXG ($5.89M). Borrowers mostly take USDG ($48.16M), USDC ($1.90M) and USDt ($1.7K). Stablecoins make up 100% of all borrowing here, which is typical: most people use Aave to borrow dollars against crypto they want to keep.

Spokes borrow from the hub at the base rate shown above, and each borrower can pay a risk premium on top, depending on their collateral. See Aave V4 explained for how hubs and spokes fit together.

Aave V4 Global Dollar hub: quick answers

How big is the Aave V4 Global Dollar hub?

$125.7M is supplied and $50.06M borrowed across 6 assets, shared by 3 connected spokes on Ethereum.

What is the best supply rate in the Aave V4 Global Dollar hub?

USDG pays 2.91%, the highest among assets with at least $1M supplied.

What is the lowest base borrow rate in the Aave V4 Global Dollar hub?

USDC at 3.79%, among assets that can be borrowed with at least $250K left to lend. Each borrower's risk premium comes on top.

Hub contract: 0x62d6…0368