01 DEPLOYMENT DETECTED

Aave V4 × Avalanche

Liquidity,
re-wired.

One shared core. Three purpose-built risk lanes. Seven launch assets. This is the field map for Avalanche’s new lending architecture.

Explore the system ↓ Core Hub ↗

COREHUBSHARED LIQUIDITY

MAIN6 assets AVAXLST loop FOREX3 stables

Contracts live on Avalanche

02 / ARCHITECTURE

One balance sheet.
Different rules.

V4 moves liquidity into a central Hub while Spokes define who can borrow what, against which collateral, and under which liquidation curve.

LIQUIDITY LAYER

A⁴

Avalanche Core Hub

All borrowable liquidity settles here. Spokes draw from the same pool without collapsing their risk profiles into one market.

0xd073…Df6e ↗

WAVAXsAVAXBTC.bUSDCUSDtWETH.eEURC

S—01

Main Spoke

General-purpose collateral and borrowing. The broadest launch lane, built for blue-chip liquidity.

WAVAXBTC.bUSDCUSDtWETH.eEURC

73–83%collateral factor

S—02

AVAX Correlated

A contained looping lane: sAVAX collateral, WAVAX debt, tighter liquidation geometry.

sAVAX→ WAVAX

95%sAVAX factor

S—03

Forex Spoke

Stablecoin trading and hedging isolated from volatile collateral markets.

EURCUSDCUSDt

90%collateral factor

03 / LAUNCH PARAMETERS

Risk lanes

Governance-approved launch configuration. Add and draw caps bound how much each Spoke can contribute to—or borrow from—the Hub.

Parameters from LlamaRisk’s Avalanche V4 launch assessment. Values may change through governance. Read the ARFC ↗

04 / WHAT CHANGED

The bonus now
follows the fall.

HEALTHYLIQUIDATABLEMAX BONUS

V3 used a static bonus. V4 scales liquidator reward as a position deteriorates, while normally restoring only to a target health factor.

05 / BORROWER WEATHER

Distance
to the edge.

A public, on-chain view of active V4 borrowers ranked by health factor. Lower health means less room before liquidation eligibility at 1.00.

Health distribution

Current positions

LIQUIDATABLE
<1.00CRITICAL
1.00–1.10WATCH
1.10–1.25GUARDED
1.25–1.50HEALTHY
1.50+

CLOSEST POSITION—

Borrower data loading from Avalanche.

Health-factor history

Public snapshots retained in this browser

OBSERVING

AVAX stress simulator

Illustrative collateral shock

−20%

Applies the selected shock to AVAX-correlated collateral; this is a directional model, not an oracle forecast.

Public change wire

Material borrower and market movements between observed snapshots

LOCAL / PUBLIC DATA

Borrower leaderboard

Addresses are public protocol participants, ranked by current health factor.

Rank / borrowerSpokeHealthCollateralDebtDebt / collateralPositions

Public protocol data only. Health factors and balances can change every block. Aave V4 source ↗

06 / EXISTING MARKET

V3 live pulse

LoadingBlock pending

Two systems, one liquidity environment.V4 launches conservatively while V3 remains active. These reserve readings are the existing V3 market—not V4 activity.

Reserve pressure

Recent event flow

Open full V3 reserve ledger ＋

Asset	Util	Supplied	Debt	Supply cap	Borrow cap	LTV	Status