Aave Opens Its First Externally Curated V4 Markets With Sentora

Aave’s first externally curated V4 markets are live on Ethereum, according to Sentora’s October 22 launch explanation. The curator says it is managing active borrowing markets for RLUSD, PYUSD and OUSD within a governance-approved deployment. TL;DR: Aave’s first externally curated V4 markets are live on Ethereum with Sentora managing strategy and risk settings. Borrowing options include RLUSD, PYUSD and OUSD. Sentora manages collateral rules, risk parameters, interest-rate curves and oracle configurations. Those responsibilities put practical decisions about lending conditions with an outside specialist while retaining the framework of Aave governance. Shared Liquidity, Different Lending Rules Aave V4 divides the system between hubs and spokes. The protocol’s liquidity documentation describes a hub as the central settlement and accounting layer holding assets. Spokes are specialized smart contracts through which users interact with a market’s collateral, borrowing and liquidation logic. This arrangement lets different markets draw on an underlying liquidity pool while applying different conditions. Governance controls how much capacity a spoke receives. Credit limits constrain borr...