Aave v4 receives near-unanimous support from the DAO, and the deployment on the Ethereum mainnet is entering countdown.

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ChainCatcher message: On Monday, the Aave DAO approved an initial proposal with near-unanimous support, authorizing the deployment of the next-generation lending protocol Aave v4 to the Ethereum mainnet. v4 still needs to pass subsequent formal voting. In the beginning, it will use conservative parameters and a streamlined asset allocation, prioritizing safety.

The push for v4 previously sparked controversy within the DAO. Two major contributors, Bored Ghosts Developing and Aave Chan Initiative, subsequently announced that they would no longer seek contract renewals this year. Part of the reason was that Aave Labs had proposed pausing v3 optimization work and adjusting lending parameters to drive user migration. Labs later withdrew that proposal, committing not to force migration.

At present, Aave v3 remains the largest lending protocol in DeFi, with user deposits exceeding $25 billion. Labs said that v4 adopts a hub-and-spoke architecture, enabling customized lending markets without fragmenting liquidity, and would significantly increase the DAO’s revenue potential.

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