Stani Kulechov, founder of Aave, clarified several misunderstandings surrounding Aave V4 via X. Regarding the claim that V4 does not separate market-specific risks, he explained, "The hub and spokes are fundamentally separated according to risk levels, and each lending market, the spoke, can share liquidity through the hub within a set limit." To the criticism that the hub-spoke structure fragments liquidity, he countered, "On the contrary, it's a structure that increases capital efficiency by allowing multiple markets to share liquidity." Regarding the claim that it's no different from a curated vault, he emphasized, "New spokes can utilize the hub's liquidity without needing to raise separate liquidity from scratch." He also added, "V4 currently holds $1.2 billion in deposits and is deployed on Ethereum, Avalanche, and Arbitrum, etc."
