Aave Labs shared a proposal for the next version of its protocol, which included improvements to its stablecoin, GHO.
Aave Labs, the firm behind the decentralized finance (DeFi) lending protocol Aave has outlined a proposal for an upgrade and evolution of its protocol as part of a five-year roadmap.
On May 1, the DeFi lending platform introduced a governance proposal to get community feedback on upgrading the protocol to its next-generation version 4.
The proposal also includes “major upgrades and expansions,” to the Aave Network, a cross-chain liquidity layer, non-Ethereum Virtual Machine (EVM) layer-1 deployments, and a “fresh new visual identity,” the team stated.
