AAVE v4 user deposits reached an all-time high of $806 million

According to the dashboard on the AAVE chain, AAVE v4 users ' deposits amounted to $806 million, an increase of 30 per cent on 7 days and a record high level of lending of $216 million. The current V4 deployment covers Etheum, Optimism and Avalanche, of which Ethelum core deposits $378 million, Etherfi cash on Optimism $257 million, Etheum Global Dollar $75 million and Etheum Prime $63 million. Deposits by AAVE v3 users remained at $31 billion, of which Etheum core was $25 billion. AAVE documentation states that v4 uses the Hub-and-spoke system to centralize liquidity and accounting treatment and to set independent borrowing rules and risk limits for different markets。