Aave releases v3.3, focusing on debt management and liquidation optimization

Foresight News reported that Aave has released version 3.3, with a focus on upgrading debt management and liquidation mechanisms, and providing support for the upcoming automated bad debt management system Umbrella. The new version introduces a bad debt recording and clearing function to handle uncollateralized bad debts left over from liquidations, helping Umbrella accurately cover bad debt risks and reduce protocol liabilities. Additionally, the liquidation process has been optimized, with a 50% cross margin closure factor rule, enabling a 100% closure factor for small debts, and enforcing the completion of unfinished positions, improving liquidation efficiency and reducing the accumulation of Dust Debt. Other improvements include optimizing Gas costs, adding more granular interfaces, and deprecating outdated functions, further enhancing the protocol's performance. The official statement indicates that the security audit for v3.3 is partially completed, and the update will be gradually implemented through governance discussions, snapshot voting, and on-chain proposals. This upgrade lays the foundation for integration with Umbrella and strengthens the protocol's stability and liquidation efficiency.