Summary

  • Aave V4 launched its first externally curated markets on Ethereum on October 22, 2026, with Sentora as the risk manager.
  • Three new pools enable borrowing of RLUSD, PYUSD, and OUSD under tailored parameters.
  • The rollout uses Hubs and Spokes architecture to support external curators for the first time.

Aave V4 opened its first externally curated markets on Ethereum on October 22, 2026. Sentora now oversees three specialized borrowing pools for RLUSD, PYUSD, and OUSD. The launch brings external curators in through the protocol's Hubs and Spokes design.

This meets rising demand for custom risk controls in DeFi lending.

Context

Aave V4 introduced the Hubs and Spokes framework to let approved external parties curate isolated markets. Previously, all parameters stayed under Aave governance or core teams. The October 22 deployment gives Sentora direct oversight of three stablecoin-focused pools on Ethereum.

The change aligns with evolving stablecoin supply and borrower needs. RLUSD, PYUSD, and OUSD each carry distinct issuer and liquidity profiles that benefit from dedicated risk settings rather than shared parameters.

Details

Sentora operates the three new markets on Ethereum. Users can supply collateral and borrow the designated stablecoins within risk limits set by the curator. Official announcements confirm the markets went live on October 22, 2026.

The Hubs and Spokes model separates core protocol logic from market-specific rules. External curators like Sentora handle interest rate curves, liquidation thresholds, and asset listings for their spokes while the hub maintains overall security.

"Sentora has launched the first externally curated markets on Aave V4, giving users three new markets on Ethereum where they can borrow RLUSD, PYUSD, and OUSD."

, Aave (Source)

Separate community discussions on Aave utilization rates and interest rate slopes continue on forums and in research notes. Those parameters apply to existing V3 markets and do not affect the new Sentora-curated V4 pools.

Outlook

Additional external curators may request approval for further specialized markets on Aave V4. Protocol governance will monitor performance of the Sentora pools to assess whether the curator model scales across more asset types.