Lend Spoke

Overview

Lenders supply assets such as ETH, BTC, GHO, USDC, USDT, or other supported tokens into the lender-facing side of the protocol. That capital routes through the Hub to support borrowing across LP-collateral markets. Suppliers provide the assets used for loans rather than managing the LP positions that secure them. Borrow Spokes handle LP valuation, collateral restrictions, and liquidation, while the Hub accounts for the supplied capital and borrowing against it. The architecture separates shared lending accounts from LP-specific collateral management. The Hub manages reserves and debt, while each Borrow Spoke determines borrowing capacity and liquidation handling for its supported LP markets. The Lend Spoke routes supplier deposits into the Hub, so supplying capital does not require managing an LP position.

Capital Entry Point

Lender deposits come through the Lend Spoke first, then move into the shared Hub reserve layer. Capital does not need to be partitioned per LP market, even though borrowing rules stay separate on the spoke side.

Early in the protocol lifecycle, Hub liquidity may also be supplemented by Aave v4 credit lines. Over time, Lend Spoke deposits can become a larger share of native lending capital.

Risk-Adjusted Yield

Supplier yield comes from borrowers paying interest to access liquidity backed by LP collateral. Avana combines the shared Hub base rate with spoke-level risk premiums tied to the LP markets being funded. Supply rates vary with available liquidity, utilization, market conditions, and the risk profile of the borrowing markets. An integration needs the current deployment's rate and reserve data to display a current return estimate.

Dynamic Risk Controls

LP collateral changes with pool composition, volume, divergence, volatility, and unwind depth. Risk controls can respond to those signals rather than relying on static settings alone.