Aave has launched V4 on Ethereum mainnet, introducing a “hub-and-spoke” architecture aimed at real‑world asset (RWA) collateral and institutional structured credit markets.news.The protocol, which secures more than $24 billion in total value locked (TVL), is positioning V4 as core infrastructure for regulated RWA pipelines and on‑chain credit products rather than purely speculative leverage.V4 debuts with three liquidity hubs—Core, Prime and Plus—that route credit to specialized “spokes,” allowing bespoke risk policies without fragmenting Aave’s pooled liquidity.governance.