Aave Labs releases proposal to activate Aave V4 on the Ethereum mainnet.

Aave Labs has published an ARFC proposal on the Aave governance forum, proposing the activation of Aave V4 on the Ethereum mainnet. The proposal plans an initial deployment with conservative risk parameters and a hub and spoke configuration. The initial deployment of Aave V4 includes three liquidity hubs (Core, Prime, and Plus) and ten spokes. The liquidity hubs hold shared liquidity, while the spokes define independent lending environments and are subject to governance boundaries. The proposal is currently in the community feedback phase and will subsequently proceed to the Snapshot voting and AIP deployment phase.