Hare Develops Aave-Powered Vaults for Stablecoins and Tokenized Gold
RWA Signal Insight
Active StrategiesHare is developing new onchain vaults that leverage Aave liquidity pools to provide yield-generating products for dollar stablecoins and tokenized gold. The initiative, built in collaboration with the liquidity-distribution platform Turtle, aims to expand the curated-vault model by pooling assets into lending markets. Hare USD Earn will focus on major dollar stablecoins, while Hare Gold Earn is designed to support Paxos’ PAXG and PAXGy tokenized gold products. This development occurs as the broader curated-vault market experiences significant growth, reaching $11.29 billion in total value locked across 856 vaults as of August 20, 2026. Despite this expansion, the market remains highly concentrated, with five curators controlling 69% of the total value. While the technical framework utilizes Aave’s overcollateralized borrowing model, specific details regarding launch dates, yields, fees, and regulatory compliance for U.S. investors remain undisclosed. The project highlights the ongoing trend of integrating institutional-grade assets like gold into decentralized finance protocols to capture yield. Future updates are expected to clarify the product specifications and operational risk controls for these vaults.
Key points
- Hare is building Aave-powered vaults for dollar stablecoins and Paxos tokenized gold products.
- Curated-vault market reached $11.29 billion TVL across 18 protocols as of August 2026.
- Market concentration remains high, with five curators controlling 69% of total value locked.
- Hare's product launch date, fee structure, and regulatory status are currently undisclosed.
Background
Aave is a decentralized non-custodial liquidity protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market to earn interest, while borrowers are able to borrow in an overcollateralized fashion. Curated vaults act as an abstraction layer, allowing users to deposit assets into specific strategies managed by curators to optimize yield across various DeFi protocols.