Aave v4 launched in 2026 with a modular architecture, better liquidations, real-world asset expansion, and meaningful capital efficiency improvements.
Aave v4 represents the most significant architectural upgrade in Aave's history. The core change is a shift from monolithic to modular design — a hub-and-spoke model where a central hub manages core logic while spokes handle specific asset types and risk profiles. This enables more flexible risk management, better capital efficiency, and the expansion into new asset classes like real-world assets (RWAs).
The most battle-tested DeFi lending protocol — supply, borrow, flash loans, GHO, and now 100% fee sharing for AAVE stakers.
Step-by-step from wallet connection to earning yield and staking AAVE.
v4 is primarily architectural — the user interface on app.aave.com remains familiar. The changes are under the hood in how liquidity and risk are managed.
Aave v4 is being rolled out progressively. Check app.aave.com to see which v4 markets are available on your preferred network.
If you are an institutional user with RWA exposure, the Horizon program enables borrowing against tokenized assets.
Health-targeted liquidations mean smaller liquidation penalties for borrowers — a meaningful user experience improvement over v3.
v4 features and parameters are actively governed. Follow Aave governance forum (governance.aave.com) to stay current on protocol changes.
Join $14.5B in TVL across 12+ networks. Supply assets to earn yield or stake AAVE for 100% of protocol fees.
Open Aave App →Everything about Aave v4.
"The hub-and-spoke architecture is architecturally elegant. It solves a real problem — the monolithic v3 design required protocol-wide upgrades for any change. v4\'s modularity enables much faster iteration."
"Horizon is the product that brings traditional finance to DeFi in a meaningful way. Borrowing against tokenized T-bills on Aave v4 is a genuine institutional use case that v3 could not support."
"From a user perspective, v4 feels similar to v3 on the surface. The health-targeted liquidations are a meaningful improvement — lost less to liquidators on a recent close call."
Aave v4 is live — supply, borrow, mint GHO, and stake AAVE for 100% of protocol fees.
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