GHO Passports Return for Aave Buenos Aires Event

**VanEck's tokenized Treasury fund VBILL is now live as collateral on Aave's Horizon RWA market.** VBILL offers stable yield with daily liquidity by investing in short-term U.S. Treasuries. The fund was launched through a partnership between VanEck and Securitize. **Key Infrastructure:** - Powered by Chainlink's NAVLink oracle framework - LlamaGuard NAV provides risk-adjusted pricing data - Ensures institutionally reliable pricing for all collateral positions **What This Means:** Institutions can now borrow stablecoins using their VBILL holdings as collateral. This marks the first time tokenized Treasuries can function as productive onchain collateral. Securitize, which manages $4B+ in tokenized securities, adopted Chainlink's data standard specifically for this integration. Aave Horizon has already surpassed $450 million in deposits, making it the largest RWA lending market. [Learn more about Horizon and VBILL](https://aave.com/blog/horizon-vaneck-vbill)

**DeFi Day del Sur** is coming to Buenos Aires on **November 19th** during EF Devcon. The event will feature: - Leaders building next-generation finance - Focus on LATAM and global DeFi developments - Networking opportunities during Devcon week This marks the **4th edition** of the popular DeFi event, expanding into Latin America for the first time. [Register here](https://luma.com/defidayBA) to secure your spot at this premier DeFi gathering.

**Aave V4 transforms DeFi lending** with a revolutionary architecture that unifies liquidity across markets. **Key Innovation: Hubs and Spokes** - Hubs store liquidity pools - Spokes implement custom lending rules and market logic - Multiple markets can draw from the same liquidity source **Benefits for Users and Builders:** - Enhanced capital efficiency across all markets - Specialized markets can access deep liquidity from day one - Custom lending parameters without liquidity fragmentation **Real-World Applications:** - Pendle markets accepting multiple PTs as collateral - Uniswap LP-focused lending markets - Shared ETH liquidity across different use cases **Strategic Impact:** V4 positions Aave as DeFi's operating system, enabling previously unviable markets while maintaining security and efficiency. This architecture supports the migration of global finance onchain by serving specialized needs without sacrificing liquidity depth. [Read the full unified liquidity thesis](https://aave.com/blog/aave-v4-unified-liquidity-thesis)

**Aave V3 is now live on Plasma**, a high-performance blockchain designed specifically for stablecoins. **Initial asset support includes:** - USD, USDe, sUSDe - XAUt (gold-backed token) - WETH and weETH The deployment was handled by BGD Labs on behalf of Aave DAO, with comprehensive risk analysis from Chaos Labs and Llama Risk. **Chainlink provides price feeds** for secure operations. Plasma's focus on scalability and stablecoin infrastructure makes it a strategic addition to Aave's multi-chain presence. Supply and borrow caps are detailed in the [governance proposal](https://governance.aave.com/t/arfc-deploy-aave-v3-on-plasma/21494). Users can access the new market through the [Aave app](https://app.aave.com/markets/?marketName=proto_plasma_v3) immediately.