Decentralized autonomous organization Aave has backed a proposal to move the V4 protocol toward deployment on the Ethereum mainnet, signaling broader support for the upgrade after weeks of management tensions and contributor departures.
On Monday, a proposal to implement Aave V4 on the Ethereum mainnet collected According to data from offchain voting platform Snapshot, there was near-unanimous support for the DAO with over 645,000 votes in favor and less than one vote against and no abstentions.
The vote marks a reversal of previous divisions within the Aave community, signaling broad agreement on the direction of the protocol as it moves closer to formalizing the V4 rollout.
According to to Aave founder Stani Kulechov, the proposal is expected to move towards a vote on the Aave Improvement Proposal (AIP), a binding on-network vote that would enable the implementation and activation of the V4 protocol on Ethereum.
Aave V4 introduces a modular architecture for online credit markets
Aave V4, proposed by Aave Labs on March 19, introduces a shift towards a more modular protocol design. It includes an architecture designed to decouple liquidity from market-specific risk.
Under this model, shared pools of liquidity, called “hubs”, provide capital, while “spokes” define distinct lending environments with tailored risk parameters and exposure limits. According to Aave Labs, the project “preserves the depth and efficiency of unified liquidity while enabling more precise risk management.”
Related: The dispute over Aave’s management escalates as ACI and Aave Labs release match reports
Aave Labs says the novel structure aims to support a wider range of financial applications, including assets with different risk profiles, maturities or off-chain dependencies.
According to the V4 proposal, it would enable the emergence of novel types of collateral and structured credit markets while maintaining uniform liquidity.
The near-unanimous vote follows the departure of key Aave collaborators
The powerful support for Aave V4 comes after a period of governance tensions that saw several key authors withdraw from the DAO.
On February 20, longtime tech specialist BGD Labs said it would end its relationship with Aave after four years, citing an “asymmetric organizational scenario” and what it called an “adversarial stance” toward working on the existing version of the protocol.
On March 3, the Aave Chan Initiative, the lead governance delegate and service provider, also announced plans to withdraw following a dispute over the proposed funding package. ACI founder Marc Zeller said the organization would disband after concerns were raised about governance standards and voting dynamics.
Warehouse: Banks want to run Vietnamese cryptocurrency exchanges, $70 million BTC plan Boyaa: Asia Express
