Hare Develops Aave-Powered Vaults for Stablecoins and Tokenized Gold
Hare 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.