🟣 Aave announces the launch of the first markets curated by an external player on its V4
This is one of the main new features introduced by V4. With the Hub & Spoke architecture, deposits are pooled in Liquidity Hubs, and each market (Spoke) borrows from them with its own collateral and its own risk rules.
This model now allows independent risk managers to deploy their own Hub on Aave’s infrastructure, and Sentora is the first to do so.
The protocol, aimed at institutions and specialized in designing DeFi strategies, has already allocated more than 2 billion dollars to on-chain strategies, each governed by more than a thousand risk models.
On its Hub deployed on Ethereum, Sentora has opened three markets:
◻️ RLUSD Yield and OUSD Yield, where these stablecoins are borrowed against USDe, PRIME, mWIN or PST.
◻️ Bluechip, which allows borrowing RLUSD, PYUSD or OUSD against kBTC.
@SentoraHQ sets the parameters of its markets, but within the framework defined by Aave governance.
The DAO remains the owner of the contracts, any change that increases risk goes through a 48-hour timelock, and each new asset must be approved before being listed.
The markets are available now on Aave Pro.