Aave Labs Rolls Out Aave V4 Hub-and-Spoke Lending Markets on Ethereum

Aave Labs launched Aave V4 on Ethereum on March 30, 2026, introducing a modular "hub-and-spoke" design that centralizes liquidity while enabling separate spoke markets with distinct risk settings. The update aims to broaden supported collateral by containing insolvency risk within individual hubs, and new spoke deployments will initially be gated through DAO governance before any potential move toward permissionless creation.