Coinspeaker
DeFi Lending Platform Aave Reveals V4 Protocol Upgrade Plans

Decentralized finance (DeFi) lending protocol Aave Labs has recently shared what it says is its roadmap for the next five years. According to the firm’s proposal, it seeks to upgrade its protocol to the next-generation version 4 but would love to get community feedback on the proposed venture. However, Aave also noted that the V4 upgrade is only a part of a grander plan for the Aave 2030 grant proposal.

Aave V4: The Proposal

Aave Labs’ proposal, which aims at the complete overhaul of the protocol, will include “major upgrades and expansions” to the Aave Network, says the team. These changes will see the network add a cross-chain liquidity layer, deploy non-Ethereum Virtual Machine (EVM) layer-1, while also putting on a “fresh new visual identity”.

The team also noted that the Aave V4 upgrade would be featured on an entirely new architecture from the one featured on the previous three versions. However, for a more seamless integration of features such as its native stablecoin GHO, isolation pools, and ...