Aave Labs Unveils Plans to Upgrade its Protocol to Version 4
- Aave Labs has unveiled plans to upgrade its protocol from V3 to V4.
- The Aave V4 roadmap is part of a wider “Aave 2030 grant” proposal.
- The timeline for the Aave V4 development is scheduled to run from Q2 2024 until mid-2025.
Aave Labs, the blockchain firm behind the decentralized finance (DeFi) lending protocol Aave, has unveiled plans to upgrade its protocol. The proposed upgrade would lead to the launch of Aave V4, with a new architecture that would introduce novel capabilities to the protocol.
According to the firm’s announcement, Aave V4 would enhance modularity, reduce governance overhead, optimize capital efficiency, and integrate innovations such as the Aave-native stablecoin GHO more seamlessly.
Although the Aave V4 roadmap is in an advanced research stage, the blockchain firm proposes to develop it as part of a wider “Aave 2030 grant” proposal. Aave is adopting a transparent model of development involving the project’s community throughout the feedback and testing phases.
Meanwhile, Aave Labs has scheduled a timeline for the Aave V4 development to run from Q2 2024 until mid-2025 when it fully releases the protocol. According to Aav…
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