Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

Aave Labs Unveils Plans to Upgrade its Protocol to Version 4

Published 05/02/2024, 05:55 PM
Updated 05/02/2024, 06:15 PM
Aave Labs Unveils Plans to Upgrade its Protocol to Version 4

  • Aave Labs has unveiled plans to upgrade its protocol from V3 to V4.
  • The Aave V4 roadmap is part of a wider “Aave 2030 grant” proposal.
  • The timeline for the Aave V4 development is scheduled to run from Q2 2024 until mid-2025.

Aave Labs, the blockchain firm behind the decentralized finance (DeFi) lending protocol Aave, has unveiled plans to upgrade its protocol. The proposed upgrade would lead to the launch of Aave V4, with a new architecture that would introduce novel capabilities to the protocol.

According to the firm’s announcement, Aave V4 would enhance modularity, reduce governance overhead, optimize capital efficiency, and integrate innovations such as the Aave-native stablecoin GHO more seamlessly.

Although the Aave V4 roadmap is in an advanced research stage, the blockchain firm proposes to develop it as part of a wider “Aave 2030 grant” proposal. Aave is adopting a transparent model of development involving the project’s community throughout the feedback and testing phases.

Meanwhile, Aave Labs has scheduled a timeline for the Aave V4 development to run from Q2 2024 until mid-2025 when it fully releases the protocol. According to Aav…

The post Aave Labs Unveils Plans to Upgrade its Protocol to Version 4 appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.