# Aave v3 GHO Prime Instance deposits fall 40% between checks

> Observed venue deposits fell 40%, reducing the liquidity base and warranting an immediate check of exit depth and the cause of the outflow.

- URL: https://riadefi.com/on-chain/2026-08-26-aave-v3-gho-prime-tvl-exodus/
- Type: Market stress
- Stage: Confirmed
- Evidence: confirmed
- Materiality: material
- Event date: 2026-08-26
- Version: 1, published 2026-08-26 (first published 2026-08-26)
- Follow-up: 2026-08-27
- Advisor-relevant: yes
- Affects: Aave v3 (protocol); Aave v3 GHO Prime Instance on Ethereum (product)

## What happened

Ketju's quantitative monitor observed deposits in the Ethereum GHO Prime Instance decline from about $12.6 million to $7.6 million between checks.

## What changed

Observed venue deposits fell 40%, reducing the liquidity base and warranting an immediate check of exit depth and the cause of the outflow.

## What did not change

The observation does not establish an exploit, bad debt, frozen assets, halted withdrawals, a GHO peg failure, or a change to Aave contracts or governance parameters.

## Confirmed

- The monitored pool is Aave v3 GHO Prime Instance on Ethereum.
- Deposits declined from $12,587,260 to $7,600,955 between monitor checks.
- The measured decline was 40%.

## Still open

- Whether the decline reflects ordinary depositor movement, a data discontinuity, incentives, a governance change, or emerging risk.
- Whether current on-chain liquidity can support the memo's contemplated exit size without material slippage.

## What it means for an advisor

- Recheck the venue's withdrawable liquidity and reconcile the monitor observation before treating its displayed capacity as unchanged.
- Review the Aave v3 memo and any client decision files referencing this specific pool; the observation alone does not justify claiming an incident.

## Sources

1. [Aave v3 GHO Prime Instance deposit exodus observation](https://monitor.ketjuresearch.com/alerts.json#tvl-exodus%7C41683a7c-20a2-4cd7-83a7-3ccedaad0db1%7C2026-08-26T11%3A00%3A21.733Z) · Ketju quantitative monitor · 2026-08-26


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.