Aave Labs proposed PAXGy collateral for the Aave v4 Global Dollar Hub

What happened

Aave Labs proposed adding PAXGy, a gold-yield vault share, to the Ethereum Global Dollar Hub in Aave v4.

What changed

The proposed collateral would include exposure to institutional gold lending.

What did not change

Ketju has found no approved configuration and no executed listing. Ketju does not approve Aave v4.

Confirmed

• The ARFC leaves the final configuration to risk service providers.
• The ARFC calls for confirmation off-chain, followed by execution by the Security Council.

Still open

• The token address in the original proposal differs from the deployment address in the assessment.
• The final Spokes, caps, oracle behavior, live liquidity and execution need checking against primary sources.
• Researchers report borrower concentration and limits on redemption, and Ketju has not verified those reports.

What it means for an advisor

• Ketju will record the exact Hub and Spokes in its Aave v4 file and reconcile the addresses and loss limits before it reviews v4 again.