Aave
We built Aave Protocol, an open source and non-custodial liquidity protocol and the Aave app, a web interface for users to interact directly with the protocol.
We built Aave Protocol, an open source and non-custodial liquidity protocol and the Aave app, a web interface for users to interact directly with the protocol.
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Aave highlighted a wave of UX improvements across its Aave App, Aave Pro, and Aave V3 interfaces, framing them as part of making onchain finance more "delightful." To thank users for feedback, it launched a small game where posting a high score earns a Ghost Pass.
Aave's mobile savings app — the Aave App / World Savings App — is expanding its early-access rollout, with USDC and USDT deposits from Ethereum now live alongside the existing USDC deposits from Base. Founder Stani Kulechov frames the app as "DeFi for everyone," and American users can now get access as country-by-country onboarding continues across the US, Italy, the Netherlands, and Austria following the initial Germany cohort.
OAK Research, a crypto market intelligence and research platform, has announced a strategic partnership with Aave, which it calls the world's largest lending protocol with over $31 billion in deposits. The firm said it has used and covered Aave for years and is now deepening its involvement through in-depth research tied to the protocol.
Aave amplified the announcement by reposting it on X. No terms, deliverables, or launch timelines for the partnership have been disclosed.
Coinbase Tokenized Stocks are live as collateral on Aave V4 on Base, letting users deposit AAPLc, AMZNc, GOOGLc, METAc, MSFTc, NVDAc, and TSLAc and borrow USDC against them. Availability is limited to eligible geographies outside the U.S., and Aave amplified third-party confirmation of the live market from sealaunch intelligence on X.
The V4 instance was deployed by Aave Labs on behalf of Aave DAO, with risk analysis by LlamaRisk and Chainlink providing tokenized equity pricing that carries both the underlying share price and the issuer multiplier. Base amplified the launch, confirming borrowing against the tokenized stocks is live, while Chainlink — Coinbase's official oracle solution — highlighted its role powering the markets with data. Founder Stani Kulechov, Base creator Jesse Pollak, and Aave contributor Luigi DeMeo all amplified the launch, with Kulechov calling it a milestone for bringing equities onchain. Aave frames the $150 trillion global equities market as the value set to move onchain, with V4 powering stock-backed loans without requiring holders to sell.
Aave Labs published "Rebuilding securities finance on Aave V4", a research post detailing how the multi-trillion-dollar securities finance market can move onchain with Aave V4 as the credit layer. The post cites repo averaging ~$12.6 trillion in daily U.S. exposures, ~$4.6 trillion of assets out on loan in securities lending, and a record $15 billion in 2025 securities-lending revenue — almost none of which touches a blockchain today.
Aave has activated asset swaps and position swaps on its Plasma chain, powered by CowSwap. Users can swap any asset, or swap collateral and debt, routing through the best available liquidity with MEV protection.
Aave has rolled out a redesigned interface for Aave V3, giving its most-used protocol interface a fresh look that now includes dark mode. Founder Stani Kulechov confirmed the rework, telling users to "enjoy using Aave" at the V3 app.
Aave announced its first RWA Hub will launch on Avalanche — a dedicated credit market where institutions can borrow against tokenized real-world assets. It launches with USA₮, Tether's federally regulated, dollar-backed stablecoin, as the hub's primary source of dollar liquidity, confirmed by founder Stani Kulechov and contributor Luigi DeMeo.
Aave V4 is now live on Arc, the layer-1 blockchain built by Circle. The deployment launches with a Core Hub and two markets: a main market supporting USDC, EURC, WETH, and cirBTC, plus a forex market pairing USDC and EURC for stablecoin borrowing. USDC serves as the gas token on day one.
A new Aave governance proposal introduces Custodied Collateral Lending, powered by Aave V4 inside an isolated Liquidity Hub. It lets regulated institutions borrow stablecoins on Aave against assets held in custody at Anchorage Digital, synchronized through Chainlink CustodySync. Founder Stani Kulechov called it a first-of-its-kind proposal for institutions to borrow on Aave V4 against collateral held with a qualified custodian.
Aave V4 launched on Ethereum mainnet with a hub-and-spoke liquidity architecture, deploying three hubs (Core, Plus, Prime) and eleven spokes.
Aave launched GHO, a decentralized stablecoin backed by collateral deposited within the Aave protocol and governed by AAVE holders.
An onchain governance vote disabled the majority of Aave V1 by freezing its reserves, effectively sunsetting the original protocol version while still allowing repayments and withdrawals.
A malicious proposal sought to drain Aave's reserves through a governance vote but was blocked; the community then proposed governance changes in response.
Aave V3 debuted on Polygon, Avalanche, Arbitrum, Optimism, Fantom, and Harmony, introducing efficiency mode, isolation mode, and supply/borrow caps.
Aave launched its second protocol version on Ethereum with upgrades including collateral swaps, debt tokenization, flash liquidations, and gas optimizations.
With AIP1 approved, the original LEND token was exchanged into the new AAVE governance token at a 100:1 ratio, and Aave's decentralized onchain governance and staking went live.
The protocol relaunched as Aave (Finnish for 'ghost') with a liquidity-pool lending model, replacing the peer-to-peer ETHLend model.
Aave began in 2017 under the name ETHLend, a peer-to-peer crypto lending project founded by Finnish lawyer Stani Kulechov.