Aave V4 goes live
Aave rolled out V4 on Ethereum with a modular hub‑and‑spoke architecture, shared liquidity hubs, new risk controls, and conservative caps — features aimed at real‑world credit markets and tokenized assets. frxUSD (Frax) is live as a default stablecoin in the Bluechip configuration. (coindesk.com; manilatimes.net)
Aave’s governance process moved V4 to mainnet after a Snapshot/ARFC tally showing roughly 645,000 votes in favor and 537 against, advancing the change toward a binding Aave Improvement Proposal and activation on March 30, 2026. (theblock.co) The protocol’s security program ran about 345 cumulative review days and was budgeted at roughly $1.5 million, with multiple audit firms engaged including ChainSecurity, Trail of Bits, Blackthorn and Certora. (governance.aave.com) A six‑week public contest hosted on Sherlock from December 1, 2025 to January 2026 attracted more than 900 verified researchers and produced about 950 reports, with the program reporting no validated critical or high‑severity findings. (governance.aave.com) Deployment begins with three named Liquidity Hubs—Prime (low risk), Core (risk‑adjusted) and Plus (risk/return)—each deployed as immutable hubs that set per‑spoke add and draw caps to constrain exposure. (theblock.co) V4 embeds an on‑chain Risk Premium system that recalculates position‑level surcharges and encodes collateral risk factors in the codebase on a documented scale (noted in the repository as ranging up to 1000_00 BPS). (github.com) Frax announced frxUSD is live at V4 launch and is included in the initial configuration—available in the Core Hub’s Main, Gold and Forex spokes and represented in the Prime Hub’s Bluechip spoke—making it one of the select stablecoins listed day one. (markets.financialcontent.com) Aave described the rollout as deliberately narrow and security‑first, with the Hub responsible for unified accounting and enforced credit/debit limits while the launch phase applies conservative caps to new markets. (markets.financialcontent.com)
