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.

Lenders do not manage LP ranges, impermanent loss, or AMM-specific collateral operations. Borrow Spokes handle LP underwriting and liquidation logic, while lender capital powers the credit layer.

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.

Rates move with market conditions, available liquidity, utilization, and the risk profile of underlying borrower markets. Actual returns depend on live configuration, not a fixed assumption from documentation.

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.