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Understand the numbers · Aave V4 basics

Liquidity, limits, and shared funds

Separate market funds, market capacity, and ur own borrowing allowance.

4 sections Beginner friendly

Available liquidity

Available liquidity describes funds currently available in the displayed market context. The Hub overview uses supplied value minus borrowed value as a simple estimate. It is not ur personal withdrawal or borrowing allowance.

When checking an action, distinguish three questions: does the market have funds, does it have room under its limits, and does ur position permit the action?

Utilization

Utilization describes the share of supplied liquidity being borrowed. In the simple example above, 600 divided by 1,000 is 60%. A changing percentage reflects changing market use, not the percentage of ur wallet invested.

A Hub’s utilization and a Spoke’s credit-line usage have different denominators. Do not compare them as though they measure the same limit.

Supply and borrowing capacity

Market caps restrict how much activity is allowed. A cap can limit new supply or borrowing even when a wallet has tokens or the market has liquidity.

The expanded Spoke row displays supply and borrow capacity reported by the protocol. These are market-level figures, not a promise that your full wallet balance can be supplied or that your position can borrow that much. Your transaction preview checks the specific request.

Cap headroom describes remaining room against a displayed cap. Other settings can still stop the action. If a button is unavailable, read its reason instead of relying on one capacity number.

Spoke credit lines

A Hub can limit the amount a Spoke draws for an asset. A credit line describes that market-level authorization, not credit granted to ur personal wallet.

This explorer’s Spoke credit-line total combines its connected Hubs. The selected Hub context changes the asset routes u are browsing; it does not make that aggregate total a single-Hub figure.

Aave V4 Hub configuration (opens in a new tab)

Words in this guide

Full glossary
Allowance

The amount of a token that a specified contract is permitted to spend from an account. An existing allowance may remain after a later action fails.

Available liquidityBorrow liquidity

Market funds currently available for use. ur position and the market's limits still determine what u can borrow or withdraw.

Borrowing capacity

How much additional borrowing the market reports it can support under its limits. ur own position can allow less.

Cap headroom

Room left before a market reaches a configured limit. For a cap of 1,000 and current use of 800, headroom is 200.

Credit lineCredit-line

A limit on how much a Spoke may draw from a Hub for an asset. It applies to the market, not to ur personal wallet.

HubHubs

The part of Aave V4 that manages shared liquidity and accounting. Connected Spokes use that liquidity under the Hub's limits.

Liquidity

Funds available in a market. Available liquidity means funds that have not already been used and can potentially serve an action.

PositionPositions

An account's supplied assets and debt within a market. One account can have separate positions in multiple Spokes.

Protocol

The set of contracts and rules that runs a service such as Aave. The explorer is an interface for reading data and requesting actions from those contracts.

SpokeSpokes

A market connected to Hub liquidity, with its own rules for user positions. Users supply and borrow through Spokes.

Supply

Moves the chosen token from ur wallet into the selected market after the transaction confirms.

TokenTokens

A digital asset recorded on a blockchain. Check the specific asset and network before entering an amount.

TransactionTransactions

A signed request processed by the blockchain, such as supplying tokens or granting an approval. Review its receipt to check whether it succeeded.

Utilization

The share of supplied market funds currently being borrowed. For example, 600 borrowed out of 1,000 supplied is 60%.

Wallet

An app or device that manages accounts and lets u approve transactions. Connecting a wallet is different from approving a payment or loan.

Wallet balance

Tokens held in the selected account, outside its supplied positions. A wallet balance does not subtract outstanding loans.