On Wednesday, Aave Labs unveiled three governance proposals to guide the development of its Aave V4. The Aave V4 roadmap, which is in an advanced research phase, proposes several improvements to the Aave lending platform, such as improved support for its native GHO stablecoin and lower transaction fees, the protocol said in a post on its governance forum on Wednesday. The proposal also revealed the developers' plans to automatically calculate the protocol's borrowing rates and part of the DAO governance process.
Aave Labs said: "Aave V4 marks a major advancement in DeFi, aiming to establish a new frontier in capital efficiency, risk management, and scalability."
The release of Aave V4 is scheduled for mid-2025. The rollout of this upgrade is part of a broader initiative called "Aave 2030," which aims to significantly reform the protocol by 2030 in the same way. (The Block)