{"id":13160,"date":"2024-05-02T15:47:39","date_gmt":"2024-05-02T12:47:39","guid":{"rendered":"https:\/\/forklog.com\/en\/aave-labs-unveils-roadmap-for-fourth-protocol-version\/"},"modified":"2024-05-02T15:47:39","modified_gmt":"2024-05-02T12:47:39","slug":"aave-labs-unveils-roadmap-for-fourth-protocol-version","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/aave-labs-unveils-roadmap-for-fourth-protocol-version\/","title":{"rendered":"Aave Labs Unveils Roadmap for Fourth Protocol Version"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Aave V4 introduces a &#8220;unified cross-chain liquidity layer.&#8221;<\/li>\n<li>The new version will feature automated protocol interest rate calculations.<\/li>\n<li>Developers propose expanding RWA based on the GHO stablecoin.<\/li>\n<li>Aave V4 is slated for release in mid-2025.<\/li>\n<\/ul>\n<\/div>\n<p>Aave Labs, associated with the lending platform Aave, has unveiled a <a href=\"https:\/\/governance.aave.com\/t\/temp-check-aave-2030\/17539\" title=\"\">roadmap project<\/a> for the creation of the fourth version of the protocol.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cAave V4 marks significant progress in <\/em><em>DeFi<\/em><em> in terms of capital efficiency, risk management, and scalability,\u201d<\/em> the announcement states.\u00a0<\/p>\n<\/blockquote>\n<p>Aave V4 is expected to be built on an &#8220;entirely new architecture,&#8221; featuring a &#8220;unified cross-chain liquidity layer&#8221; (<span data-descr=\"cross-chain liquidity layer\" class=\"old_tooltip\">CCCL<\/span>). This will enhance integration of features like isolated pools, risk modules, and the native stablecoin GHO.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1020.webp\" alt=\"1-1020\" class=\"wp-image-232004\"\/><figcaption class=\"wp-element-caption\">Source: Aave.<\/figcaption><\/figure>\n<p>The proposal includes fostering RWA development based on Aave\u2019s \u201cstablecoin,\u201d supporting deployment on non-EVM blockchains, and introducing a \u201cfresh visual style,\u201d the team stated.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-784.webp\" alt=\"2-784\" class=\"wp-image-232005\"\/><figcaption class=\"wp-element-caption\">Source: Aave.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Unified Liquidity Pool<\/h2>\n<p>The CCCL based on Chainlink&#8217;s CCIP will allow \u201cborrowers to access instant liquidity across all supported networks.\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-455.webp\" alt=\"3-455\" class=\"wp-image-232006\"\/><figcaption class=\"wp-element-caption\">Source: Aave.<\/figcaption><\/figure>\n<p>The roadmap reveals developers&#8217; plans to automate interest rate calculations for loans and part of the DAO management process.<\/p>\n<p>Specifically, automatic adjustments to the interest rate curve, dynamic premiums based on collateral risk profiles, smart accounts, and vaults to simplify position management will be introduced.<\/p>\n<p>Developers proposed including variable liquidation bonuses and \u201csoft\u201d liquidation in GHO\u2019s liquidation mechanisms, as well as an emergency redemption mechanism in case of a <span data-descr=\"deviation of the stablecoin rate from parity with the underlying asset\" class=\"old_tooltip\">depeg<\/span>. Other innovations include interest earnings for token holders.<\/p>\n<h2 class=\"wp-block-heading\">Timeline<\/h2>\n<p>The update will be part of a broader initiative called Aave 2030, aimed at radically transforming the interface and functionality.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/4-292.webp\" alt=\"4-292\" class=\"wp-image-232007\"\/><figcaption class=\"wp-element-caption\">Source: Aave.<\/figcaption><\/figure>\n<p>The proposal is in the \u201ctemperature check\u201d stage, which gauges community sentiment before moving to on-chain voting.<\/p>\n<p>The document outlines development timelines, starting with the completion of research in Q2 2024, prototyping in Q4, and culminating in the full release of V4 by mid-2025. The CCLL is expected to be operational by 2026 or 2027, the team cautioned.<\/p>\n<p>The proposal also details plans to launch the Aave Network, which will serve as the main hub for the protocol and GHO.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/5-186.webp\" alt=\"5-186\" class=\"wp-image-232008\"\/><figcaption class=\"wp-element-caption\">Source: Aave.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Transition to L2<\/h2>\n<p>Aave is also considering: the potential use of architectures like Validium in the network, adopting GHO as the network token for service payments, and using AAVE as the primary safety fund for decentralized validators and sequencers.<\/p>\n<p>The decision will be based on the evolution of L1 and L2, but Aave Network will inherit its security from Ethereum, developers emphasized.<\/p>\n<p>The proposal requests a budget of 15 million GHO and 25,000 stkAAVE (~$17 million in total) for the first year of the three-year plan.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/\">DeFi Llama<\/a>, Aave is the third-largest DeFi protocol with a <span data-descr=\"total value locked\" class=\"old_tooltip\">TVL<\/span> of $10 billion. GHO&#8217;s market capitalization is $50.97 million, according to <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/6-134.webp\" alt=\"6-134\" class=\"wp-image-232009\"\/><figcaption class=\"wp-element-caption\">Source: DeFi Llama.<\/figcaption><\/figure>\n<p>Back in January, participants in the Aave governance forum <a href=\"https:\/\/u1f987.com\/en\/news\/aave-community-considers-expanding-protocol-to-neon-evm\">proposed<\/a> expanding the third version to Neon EVM.<\/p>\n<p>In February, Gauntlet, a company specializing in DeFi risk management, <a href=\"https:\/\/u1f987.com\/en\/news\/gauntlet-ends-longstanding-partnership-with-aave\">announced<\/a> the end of its partnership with the lending platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Aave V4 introduces a &#8220;unified cross-chain liquidity layer.&#8221; The new version will feature automated protocol interest rate calculations. Developers propose expanding RWA based on the GHO stablecoin. Aave V4 is slated for release in mid-2025. Aave Labs, associated with the lending platform Aave, has unveiled a roadmap project for the creation of the fourth version [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1388,1093,1150,1308,807],"class_list":["post-13160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-chainlink-link","tag-defi","tag-news-plus","tag-rwa","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"99","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=13160"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/13160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/13159"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=13160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=13160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=13160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}