The latest version of Aave features a Cross-Chain Liquidity Layer (CCLL) that allows for seamless asset transfers across supported chains, enhancing operational fluidity. Additionally, enhancements to the liquidation engine and GHO integration, including interest-earning options, have been suggested. Furthermore, plans for an emergency redemption mechanism for GHO depegging scenarios have been proposed as part of a three-year development timeline.
Aave Labs intends to engage with the community regularly, seeking feedback and conducting annual reviews to ensure alignment with expectations and market conditions. A proactive funding model based on open budgeting and community approval prior to beginning the project is being advocated, along with a planned budget for research, development, and security audits in the first year. Aave Labs encourages broad participation from developers and community members, emphasizing the protocol’s decentralized governance and the active involvement of contributors in discussions and development processes.
Following community feedback, Aave Labs plans to revise and incorporate it into the official Aave Governance Framework before final approval. The documentation for this project is provided under the CC0 license, allowing open collaboration and extensive contributions. At the time of writing, AAVE was trading at $83.41, showing a 3.4% increase in the last 24 hours, but a 8% drop in the previous week due to the overall decline in the global crypto market.