Aave Tracker

Aave V4 Plus 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

$40.48M

 

Total borrowed

$6.57M

16.2% of supply

Assets

7

 

Connected spokes

2

 

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
USDeUSDe$29.68M supplied $29.68M29.71M USDe <0.01% $7.9K 7.25% 0.0% 90%
USDtTether USD$4.33M supplied $4.33M4.33M USDt 3.73% $3.98M 4.80% 91.9% 92%
sUSDeStaked USDe$3.43M supplied $3.43M2.73M sUSDe 0.00% $0 not borrowable– 0.0% 99%
USDCUSD Coin$3.00M supplied $3.00M3.00M USDC 3.16% $2.54M 4.42% 84.8% 92%
GHOGHO$50.9K supplied $50.9K50.88K GHO 3.60% $45.1K 4.53% 88.7% 90%
PT USDePT USDe (May 2026)$23.00 supplied $23.0022.59 PT USDe 0.00% $0 not borrowable– 0.0% 99%
PT sUSDePT sUSDe (May 2026)$0 supplied $00 PT sUSDe 0.00% $0 not borrowable– 0.0% 99%

Spokes connected to this hub

MarketTotal suppliedTotal borrowedBorrowed shareAssets
Ethereum Ethena EcosystemV4Ethereum · Aave V4 spoke $40.48M $27.61M 68.2% 10
Ethereum Ethena CorrelatedV4Ethereum · Aave V4 spoke $253 $21.00 8.3% 4

About the Plus hub

The Plus hub holds 7 assets on Ethereum and lends them to 2 connected spokes. By deposits it is the 7th largest of the 8 Aave V4 hubs. $40.48M is supplied and $6.57M borrowed, so 16.2% of deposits are lent out.

The largest pools are USDe ($29.68M), USDt ($4.33M) and sUSDe ($3.43M). Borrowers mostly take USDt ($3.98M), USDC ($2.54M) and GHO ($45.1K). 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 Plus hub: quick answers

How big is the Aave V4 Plus hub?

$40.48M is supplied and $6.57M borrowed across 7 assets, shared by 2 connected spokes on Ethereum.

What is the best supply rate in the Aave V4 Plus hub?

USDt pays 3.73%, the highest among assets with at least $1M supplied.

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

USDC at 4.42%, among assets that can be borrowed with at least $250K left to lend. Each borrower's risk premium comes on top.

Hub contract: 0x0600…536A