DeFi lending platform Aave has unveiled its updated roadmap which includes a huge overhaul to version 4 over the next three years.
Aave Labs, the firm behind the decentralized finance lending protocol Aave has outlined a proposal for an upgrade and evolution of its protocol as part of a five-year roadmap.Aave V4 would be built on a “completely new architecture” and include a “Unified Liquidity Layer” to enable better integration of features like isolation pools, risk modules, and its native
Other proposed features are interest rates that can automatically adjust on the fly based on market conditions and using Chainlink data oracles. Also suggested were Liquidity Premiums to adjust borrowing costs based on collateral risk profiles and vaults and smart accounts for simplified user management of positions.GHO-related suggestions include improvements to the liquidation engine such as variable liquidation bonuses and “soft” liquidations, along with better integration of GHO such as options to earn interest.
An emergency redemption mechanism for GHO depegging scenarios was also proposed as part of the big upgrade. The proposal is currently in the “temperature check” phase which provides a signal on community sentiment prior to moving toward an on-chain vote.Aave Labs is requesting a grant with a budget of 15 million GHO and 25,000 stkAAVE, worth around $17 million combined for the execution of the first year of the three-year plan.) token was trading at $82.35 at the time of writing having lost 9% over the past week. It remains down 87.6% from its all-time high of $660 three years ago.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aave contemplates fee distribution in DeFi shake-upAave is considering activating a ‘fee switch’ to distribute fees to holders, a proposed move to control platform fees in DeFi.
Read more »
DeFi Project Plans to Open Up a Huge Market With its New DeFi Debit CardCrypto Blog
Read more »
AAVE price climbs as founder talks of “fee switch” to redistribute fees to stakers and holdersAave (AAVE), a DeFi protocol that earns $50 million in profits every year, is considering the redistribution of fees among the token’s stakers and holders.
Read more »
Cryptocurrencies Price Prediction: Aave, Bitcoin & Meme coins — Asian Wrap 08 AprilAave (AAVE), a DeFi protocol that earns $50 million in profits every year, is considering the redistribution of fees among the token’s stakers and holders.
Read more »
Aave Considers Activating 'Fee Switch' to Distribute Fees to HoldersDecentralized lending platform Aave is considering activating a 'fee switch' to distribute fees to holders. Aave DAO's net profits amount to $60 million per year. Aave Chan Initiative founder Marc Zeller proposes activating fees for Aave stakers.
Read more »
Aave Labs debuts V4 roadmap in series of governance proposalAave Labs unveiled its plans for Aave V4, holding up its long list of new and improved protocol features up to public scrutiny.
Read more »