Aave V4 clears governance
Aave V4 received near‑unanimous on‑chain support and is set for a security‑first Ethereum mainnet rollout with modular hub‑and‑spoke architecture and conservative parameters. The timing and design choices look calibrated to restore confidence after recent DeFi hacks and to capture migration flows from riskier lending stacks. (dlnews.com)
Snapshot off‑chain voting showed more than 645,000 votes in favor and fewer than one vote against, with the ARFC now slated to advance to a binding Aave Improvement Proposal (AIP) onchain as the next formal step. (cointelegraph.com (cointelegraph.com)) The activation proposal was filed by Aave Labs on March 13, 2026 and the ARFC text explicitly frames the Ethereum rollout as a “security‑first initial setup” with narrow activation parameters. (governance.aave.com (governance.aave.com)) Aave Labs says V4 completed roughly 345 cumulative days of security review across formal verification, manual audits, invariant testing, fuzzing and a public contest, funded by a DAO‑ratified $1.5 million security budget. (aave.org (aave.org)) The candidate launch configuration described in governance materials calls for a deliberately narrow surface at mainnet: three Liquidity Hubs (Core, Prime, Plus) with conservative supply/borrow caps and an initial asset set that includes wETH, wBTC, USDC, USDT and GHO. (bingx.com (bingx.com)) V4’s hub‑and‑spoke model enforces bounded credit lines per Spoke and governance‑constrained exposure to keep novel or higher‑risk markets isolated from the shared Liquidity Hub. (governance.aave.com (governance.aave.com)) The upgrade also codifies a move away from aToken rebasing toward ERC‑4626‑style share accounting and signals a strategic consolidation toward Ethereum mainnet as Aave rebalances deployments across L2s and alternative L1s. (blockworks.com (blockworks.com))
