Aave V4 Nears $250M in Deposits as Platform Raises Caps for Seventh Time
Aave V4 Nears $250M in Deposits as Platform Raises Caps for Seventh Time
馃殌 Aave V4 hits new milestone
Aave V4 is approaching $250 million in total deposits, marking significant growth for the lending protocol's latest version.
In response to increasing demand, supply and borrow caps have been raised for the seventh time across multiple assets on the platform.
This milestone follows a period of rapid expansion:
- Active borrows surpassed $50 million in mid-June, representing a 140% increase over the previous month
- Gold-backed loans using Tether Gold reached all-time highs
- USDG deposits from Global Dollar grew 5x in a single week in late May
The protocol has been actively adjusting capacity limits to accommodate user demand, with this being the seventh round of cap increases since V4's launch.
New incentive programs for frxUSD and USDG suppliers were introduced in May to drive further adoption of the Main market.
Incentives are live for @fraxfinance frxUSD on Aave V4. Earn them by supplying frxUSD to the Main market.
Incentives are live for @global_dollar USDG on Aave V4. Earn them by supplying USDG to the Main market.
Aave V4 crossed $115 million deposits. Supply and borrow caps have been raised across several assets to accommodate demand.
Aave V4 crossed $50 million active borrows, up 140% over the past month.
Gold-backed loans using @tethergold on Aave V4 are at an all-time high.
Aave V4 approaching $250 million deposits. Supply and borrow caps have been raised for the seventh time across several assets.
On Aave V4, @global_dollar USDG deposits grew 5x in one week. To accommodate demand, the supply cap has been increased to 20 million.
Aave Launches Stable Vaults for Fixed-Rate Stablecoin Yields
Aave has introduced **Stable Vaults**, a new infrastructure solution that enables businesses to embed fixed-rate stablecoin yields into their financial products. The system converts variable onchain stablecoin rates into predictable fixed rates, allowing fintechs to offer users earning features without building complex infrastructure themselves. **Key capabilities:** - Operates across any blockchain network - Supports multiple stablecoins - Integrates with various DeFi strategies and cross-chain yield opportunities - Already powers the earning feature in Aave's mobile app Businesses can now build on Stable Vaults to offer one-tap earn functionality to their users. Learn more: [aave.com/blog/introducing-stable-vaults](https://aave.com/blog/introducing-stable-vaults)
stcUSD Now Accepted as Collateral on Aave's MegaETH Market
**New Collateral Option Available** stcUSD from CapApp is now live as collateral on Aave's MegaETH market. Users can borrow two stablecoins against their stcUSD holdings: - USDm - USDT0 This integration expands borrowing options for stcUSD holders within the Aave ecosystem. The asset can be accessed directly through the [Aave app](https://app.aave.com/reserve-overview/?underlyingAsset=0x88887be419578051ff9f4eb6c858a951921d8888&marketName=proto_megaeth_v3).
馃敁 rsETH Recovery Nearly Complete: Final Tranche Coming Monday
**Major Progress in rsETH Recovery** Kelp DAO has sent the second-to-last batch of rsETH to the LayerZero lockbox, with the final amount scheduled for Monday. This will fully restore rsETH's backing after the April 18 bridge exploit. **Current Status:** - WETH loan-to-value ratios restored to pre-incident levels - All Aave markets operating normally - rsETH bridging between mainnet and L2s fully functional - Users can withdraw rsETH across all affected markets **Recovery Timeline Recap:** - May 12: Exploiter's rsETH burned on Arbitrum - May 13: First tranche transferred, bridging reopened - May 14: rsETH withdrawals enabled - May 17: WETH LTVs restored across all markets - May 22: Second-to-last batch sent The coordinated "DeFi United" effort involved contributions from multiple protocols and successfully navigated legal complications, including a court-modified restraining notice on Arbitrum DAO funds. The recovery demonstrates cross-protocol collaboration in addressing DeFi incidents.
Aave Powers MetaMask Card for Yield-Bearing Asset Spending
Aave has released a case study detailing how its yield-bearing assets integrate with the MetaMask Card for everyday purchases. **Key Features:** - Users can spend yield-bearing stablecoins at any Mastercard-accepted location - Partnership combines Aave's liquidity protocol with MetaMask's payment infrastructure - Service currently available across Europe and the United States The integration allows users to maintain their assets in yield-generating positions while using them for daily transactions through the MetaMask Card.