tl;dr
Aave Labs plans to upgrade its protocol from V3 to V4, with a roadmap as part of the "Aave 2030 grant" proposal. The timeline for Aave V4 development is scheduled from Q2 2024 to mid-2025. The upgrade aims to introduce novel capabilities, enhance modularity, reduce governance overhead, optimize capi...
Aave Labs has revealed plans to upgrade its protocol from V3 to V4, with the roadmap as part of the "Aave 2030 grant" proposal. The development timeline for Aave V4 is scheduled from Q2 2024 to mid-2025.
The upgrade aims to introduce novel capabilities, enhance modularity, reduce governance overhead, optimize capital efficiency, and integrate innovations such as the Aave-native stablecoin GHO, with a focus on capital efficiency, risk management, and scalability in DeFi.
Aave is involving its community in the development and aims for a transparent model throughout the feedback and testing phases. Aave V4 is seen as a significant advancement in DeFi, and it comes about two years after the launch of Aave V3.
Aave has experienced significant growth in user base and total value locked since its launch in 2022, with an average market size of $17 billion and availability on over twelve networks.
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