Aave Offers 2% Rewards for Borrowers in V4 Core Hub
Aave has introduced a new incentive program for borrowers in its V4 Core Hub on Ethereum. Borrowers can now earn 2% in USDC rewards back from the total amount lent when borrowing against eligible collateral.
This is among the first large incentive programs within Aave V4, which was launched with a 'hub-and-spoke architecture' a few months ago. In this system, liquidity is centralized in the Core Hub while the spoke parts handle different types of collaterals and risk parameters.
The incentives are available on Ethereum Mainnet and borrowers will need to supply supported collaterals to borrow USDC. The rewards are distributed through the incentive controller, a system module that sends AAVE tokens or USDC directly from the Aave DAO treasury or external partners like Circle.