Aave v3 (Gnosis)
Takes as collateral: ether
A deployment of Aave v3 that takes ether only, beside the 12 that take bitcoin: Arbitrum, Avalanche, Base, BSC, Ethereum, Linea, Mantle, MegaETH, Monad, Optimism, Polygon, X Layer
Events for this venue: dated moves past a published rule and levels crossed.
What the ether is: 4.6% ether itself (ETH, WETH) · 95.4% staking tokens (wstETH, rETH, cbETH…) · 0.0% restaking tokens (weETH, ezETH…). Staking tokens count at their own contract rate; the market price is published beside it.
Collateral: the supplied amount of the venue's ether reserves — what is deposited, not what is pledged against a loan.
Credit secured by ether is never added to credit secured by bitcoin. An account holding both is shown as a bound in each view and added to neither.
10 of 10 criteria researched. What the criteria are →
Markets — as served, not a venue rate
One row per market, as the venue publishes them. These are market rates: combining them into a single venue rate is a weighting across this venue's markets, and choosing one here would be a methodology decision taken in a web page.
Markets whose collateral counts as ether, each token at its own contract rate. Measured the same way as bitcoin's, and never added to it.
No ether-collateral market rows are served for this venue. It runs contracts, so the absence is this dataset’s, not the venue’s.
Price
What does credit cost here, and how is the price formed?
| Rate formation | algorithmic_utilisationsourceAave v3 interest rate strategy per reserve on Gnosis (chain 100) — a two-slope function of utilisation with a kink at the optimal ratio: algorithmic_utilisation. |
|---|---|
| Term structure | open_endedsourceAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — borrow()/repay() carry no maturity; a position persists until repaid or liquidated. |
| Rate certainty | variablesourceAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — the variable rate is recomputed from utilisation on every ReserveDataUpdated; nothing is fixed at origination. |
Quality
What stands behind a position, and what can change under the reader?
| Oracle dependency | multiplesourceAave v3 PoolAddressesProvider 0x36616cf17557639614c1cdDb356b1B83fc0B2132 on Gnosis (chain 100) → getPriceOracle() = 0xeb0a051be10228213BAEb449db63719d6742F7c4 (read 2026-09-30). AaveOracle holds one source per asset (setAssetSources) across every reserve, plus a fallback oracle, and governance can replace any of them. A pooled venue's solvency depends on all of the feeds backing the reserves an account touches, not on one. |
|---|---|
| Default & liquidation | thresholdsourceAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — liquidationCall() is permitted once an account's health factor falls below 1e18, computed from per-reserve liquidation thresholds (or the eMode category's, where the account has entered one) across the account's whole collateral basket. |
| Custody & backing | protocol_custodialsourceAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — supply() transfers the underlying to the reserve's aToken contract under the Pool's control; the depositor holds an aToken claim rather than the asset. |
| Recourse | non_recoursesourceAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — liability is bounded by the account's collateral: liquidationCall() seizes collateral and no function pursues a borrower beyond it. (v3.3's DeficitCreated is not cited here: this estate has not observed it on this chain.) |
| Track record | 34 months observedsourceDerived from credit_venues.first_date (2023-10-04), the first observation this dataset holds for the venue. This is a LOWER BOUND on the venue's age, not the age itself: a venue trading long before we began reading it reads short here. Not typed, and not a claim about the venue's longevity. |
Composition
Who and what makes up this market?
| Collateral accepted | BTC reserves (0): nonesourcePool.getReservesList() on Gnosis (chain 100), Pool 0xb50201558B00496A145fE76f7424749556E326D8, read 2026-09-30 (registry/resolution/2026-09/aave_chains.json): 9 reserves — WETH, wstETH, GNO, USDC, WXDAI, EURe, sDAI, USDC.e, GHO — none is a bitcoin representation. No bitcoin stands behind borrowing on this deployment. NOTE: Aave is POOLED and multi-collateral, so a BTC reserve's presence does not mean a given borrow is secured by it — attributing a borrow to Bitcoin specifically is a modelling decision. |
|---|---|
| Book depth & concentration | unknown (no per-venue counterparty count exists in this registry or in the comparison payload, so depth and concentration cannot be established. This is a gap in THIS DATASET, not in the venue, and is a different value from `undisclosed`, which would mean the venue does not publish it.) |
| Observability | price: none — Aave v3 Gnosis holds 9 reserves and none of them is a BTC representation. Resolved on-chain 2026-07-24 — a resolved zero, not an unexamined gap. The row exists so the matrix shows the question was asked and answered. quantity: none — No BTC reserve on this deployment. See price. composition: none — No BTC reserve on this deployment. See price. |
What the loans are denominated in
Not yet established for this venue — which is not the same as dollars.
Backing chain
Each link from what this venue takes as collateral down to the bitcoin it rests on, in order, with how each link was established.
How a chain is read, and what it does not claim
backing_chain: the ordered claims standing between a creditor and the coins, each link derived from a sourced fact already held and carrying it in `derived_from` — the custody cell, the venue's borrow card, or wrapper_registry.yaml for who holds the bitcoin behind a token. A `representation` link has one branch per token the venue takes; branches are alternatives, not a sequence. A link nobody has established is shown with status `incomplete` and names what is missing — it is never dropped, because a missing link omitted makes a long chain look short. `undisclosed` means the party does not publish it; `incomplete` means this dataset has not established it. NEVER SCORED AND NEVER COUNTED: no length, link count or ranking is published, and none should be derived — chain length and link transparency are orthogonal (ETP-backed margin is the longest chain here and every link of it is regulated). `recourse` is what the creditor holds beyond the chain. ⚠ Tokens are identified BY SYMBOL: the wrapper registry is not keyed by chain or address, so every `representation` link carries a `deployment` step that is incomplete — whether a token is native to the chain of the venue or a bridge receipt (one more link) is not established — and a symbol the registry knows to name a different token on a venue is shown unresolved, not given that wrapper's holders.
- contract_escrow established — the protocol contract — the collateral is escrowed and neither the operator nor the borrower can move it
source
attribute · custody_model = protocol_custodialAave v3 Pool 0xb50201558B00496A145fE76f7424749556E326D8 on Gnosis (chain 100) — supply() transfers the underlying to the reserve's aToken contract under the Pool's control; the depositor holds an aToken claim rather than the asset. - representation incompleteno curated BTC representation is held for this venue (markets / metadata / collateral_asset)
source
The generic axis set
Identical for every venue, identically computed. An axis that cannot be computed here renders its reason — never silently omitted, because an omitted axis says it was not considered. A figure that covers only part of what the axis asks is marked, with what it leaves out beneath it. Collateral, debt and the borrow and lend rates are the tiles at the top of this page.
| Utilisation (venue roll-up) | 72.9% the pool's dollar reserves: borrowed over supplied across 3 reserve(s), on 2026-10-16 — the whole pool, not its ether book our daily direct read of the venue's contracts; not compared against a second series; quantity-gated |
|---|---|
| Intermediation margin | collecting (not read yet) — needs both a borrow and a lend rate; the borrow rate is not served here |
| Trailing realised average (7/30/90d) | 7d 4.05% · 30d 3.98% · 90d 3.81% dollar loans, debt-weighted over the days observed (7 / 29 / 89 of 7 / 30 / 90); continuously compounded; fully drawn pools' rates (99.5% or more drawn) left out mixed: our daily direct read of the venue's contracts; not compared against a second series; block-instant read from the venue's contracts (not a daily mean) — the 30-day window's gates and $250k floor |
| Rate volatility (30/90d) | 30d 0.11 pts · 90d 0.29 pts the standard deviation of the daily debt-weighted borrow rate, in percentage points — not annualised the daily rate above |
| Spread to the pair aggregate | collecting (not read yet) — this venue has no borrow rate to compare |
| Spread to matched Treasuries | collecting (not read yet) — this venue has no borrow rate to compare |
| Origination flow | collecting (not read yet) — not yet published for credit secured by ether |
| Repayment flow | collecting (not read yet) — not yet published for credit secured by ether |
| Aggregate and distributional LTV | collecting (not read yet) — no read carries both this venue's dollar debt and its ether collateral |
| Residence distribution | collecting (not read yet) — how long positions stay open needs each loan's history; it is held for Morpho Blue and the Aave v3 chains and not yet computed |
| Liquidation incidence | collecting (not read yet) — liquidations are read from events for Morpho Blue and the Aave v3 chains, and as positions past threshold where a pool is read account by account |
| Top-10 concentration share | collecting (not read yet) — not read for ether accounts |
There is no score on this page and none will be added. The criteria are published and versioned before any venue is measured against them, and this venue's row is produced by the same pipeline as every other.
Access routes
Surveyed — no listable route. No route met the published criteria. surveyed 2026-08-30
Ask for this by machine
| REST | GET https://api.bitcoincreditstack.com/v1/market/venues/aave_v3_gnosis |
|---|---|
| MCP | get_venue({ venue_id: "aave_v3_gnosis", collateral: "eth" }) |
The same figures, the same names and dates. Connect your AI →
How this venue compares depends on what you'd borrow, for how long, against what. That's a question for your AI, with this data behind it.
https://mcp.bitcoincreditstack.com/mcp