# Aave v3 GHO Umbrella deposits fall 38% between monitor checks

> Observed pool deposits declined by 38%, materially reducing the pool’s monitored scale and firing the quantitative TVL-exodus alert.

- URL: https://riadefi.com/on-chain/2026-09-01-aave-v3-gho-umbrella-tvl-exodus/
- Type: Market stress
- Stage: Confirmed
- Evidence: developing
- Materiality: material
- Event date: 2026-09-01
- Version: 1, published 2026-09-15 (first published 2026-09-15)
- Follow-up: 2026-09-02
- Advisor-relevant: yes
- Affects: Aave v3 (protocol)

Developing. Some claims here are not yet confirmed; they are listed apart from the confirmed facts. A new version replaces this one when the primary evidence changes.

## What happened

Ketju’s quantitative monitor observed that deposits in the Ethereum Aave v3 GHO Umbrella pool fell from approximately $5.55 million to $3.46 million between checks.

## What changed

Observed pool deposits declined by 38%, materially reducing the pool’s monitored scale and firing the quantitative TVL-exodus alert.

## What did not change

The observation does not establish a protocol incident, bad debt, withdrawal failure, asset impairment, governance change, or the cause of the outflow.

## Confirmed

- The monitored pool is the Ethereum Aave v3 GHO Umbrella pool with Ketju pool ID bf0660ab-38bf-48a4-9a6c-393ec0e2ff5f.
- The monitor recorded deposits declining from $5,549,520 to $3,463,095.
- The measured decline was 38% on 2026-09-01.

## Still open

- Whether the decline reflects ordinary depositor movement, an incentive change, migration, liquidity stress, or an unreported protocol development.
- Current proposed-size withdrawal depth and whether additional outflows continued after the observation.

## What it means for an advisor

- Open a liquidity and capacity review for the exact GHO Umbrella pool without treating the outflow alone as evidence of impairment.
- Compare the next monitor observation with live withdrawal depth and any first-party Aave explanation before changing the memo interpretation.

## Sources

1. [Aave v3 GHO Umbrella TVL-exodus alert](https://monitor.ketjuresearch.com/alerts.json#tvl-exodus%7Cbf0660ab-38bf-48a4-9a6c-393ec0e2ff5f%7C2026-09-01T11%3A00%3A19.249Z) · Ketju quantitative monitor · 2026-09-01


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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.