Aave Labs 公布了 Aave V4 的雄心勃勃的路线图，提议对 DeFi 协议进行重大升级

Aave Labs 提议对其 DeFi 协议进行彻底改革，并在其最新的“温度检查”文件中概述了重大升级。主要增强功能包括 GHO 稳定币的更新、新的视觉标识以及用于更顺畅集成的统一流动性层。该提案还引入了动态利率、流动性溢价、金库和智能账户，以简化用户管理。 Aave Labs 寻求 1500 万 GHO 和 25,000 stkAAVE 的拨款来实施三年计划的第一年。

Aave Labs Proposes Major Upgrade to DeFi Protocol, Unveiling V4 Roadmap

Aave Labs 提议对 DeFi 协议进行重大升级，公布 V4 路线图

Aave Labs, the driving force behind the Aave decentralized finance (DeFi) lending protocol, has unveiled a comprehensive proposal outlining a five-year roadmap for upgrading and evolving its platform to Aave V4. The proposal, presented to the community on May 1, seeks to enhance the Aave Network with significant upgrades, including a cross-chain liquidity layer, non-Ethereum Virtual Machine (EVM) layer-1 implementations, and a refreshed visual identity.

Aave Labs 是 Aave 去中心化金融 (DeFi) 借贷协议背后的推动者，它公布了一项全面的提案，概述了将其平台升级和发展到 Aave V4 的五年路线图。该提案于 5 月 1 日向社区提交，旨在通过重大升级来增强 Aave 网络，包括跨链流动性层、非以太坊虚拟机 (EVM) 第 1 层实施以及更新的视觉标识。

Aave V4: A New Architectural Foundation

Aave V4：新的建筑基础

At the heart of Aave V4 lies a completely revamped architecture that introduces a Unified Liquidity Layer. This layer facilitates seamless integration of various components, including isolation pools, risk modules, and the platform's native stablecoin, GHO. By centralizing liquidity, Aave V4 aims to optimize resource utilization and improve capital efficiency.

Aave V4 的核心是一个经过彻底改造的架构，引入了统一流动性层。该层有利于各种组件的无缝集成，包括隔离池、风险模块和平台的原生稳定币 GHO。通过集中流动性，Aave V4 旨在优化资源利用并提高资本效率。

Dynamic Interest Rates and Liquidity Premiums

动态利率和流动性溢价

The proposal introduces dynamic interest rates that adjust in real-time based on market conditions. These rates leverage data from Chainlink oracles to ensure accurate and timely adjustments. Additionally, Aave V4 introduces Liquidity Premiums, which vary borrowing costs based on collateral risk profiles, further tailoring the lending experience to each user's needs.

该提案引入了根据市场状况实时调整的动态利率。这些费率利用 Chainlink 预言机的数据来确保准确、及时的调整。此外，Aave V4 引入了流动性溢价，它根据抵押品风险状况改变借贷成本，进一步根据每个用户的需求定制借贷体验。

Enhanced Vaults and User Management

增强的保管库和用户管理

Vaults and smart accounts play a crucial role in simplifying user management of positions within the Aave ecosystem. The proposal suggests improvements to both, allowing users to effortlessly manage their assets and strategies from a single, user-friendly interface.

金库和智能账户在简化 Aave 生态系统中的用户仓位管理方面发挥着至关重要的作用。该提案建议对两者进行改进，使用户能够通过一个用户友好的界面轻松管理其资产和策略。

Focus on GHO Stablecoin

关注GHO稳定币

Aave's algorithmic stablecoin, GHO, has garnered attention since its launch in July 2023. However, it remains relatively small compared to market leaders such as Tether and USD Coin. The proposal addresses this by suggesting enhancements to GHO's liquidation engine, including variable liquidation bonuses and "soft" liquidations. It also outlines plans for improved integration of GHO with features like interest earning, further solidifying its role within the Aave ecosystem.

Aave 的算法稳定币 GHO 自 2023 年 7 月推出以来就引起了人们的关注。然而，与 Tether 和 USD Coin 等市场领导者相比，它的规模仍然相对较小。该提案通过建议增强 GHO 的清算引擎来解决这个问题，包括可变清算奖金和“软”清算。它还概述了改进 GHO 与利息收入等功能集成的计划，进一步巩固其在 Aave 生态系统中的作用。

Emergency Redemption Mechanism and Grant Request

紧急赎回机制和拨款申请

The proposal includes an emergency redemption mechanism designed to address situations where GHO loses its peg to the underlying asset. This mechanism aims to protect users and maintain the stability of the stablecoin.

该提案包括一个紧急赎回机制，旨在解决 GHO 失去与基础资产挂钩的情况。该机制旨在保护用户并维护稳定币的稳定性。

To implement the initial phase of the three-year roadmap, Aave Labs has requested a grant of 15 million GHO and 25,000 stkAAVE, valued at approximately $17 million. This funding will support research and development efforts leading to the launch of Aave V4 by mid-2025.

为了实施三年路线图的初始阶段，Aave Labs 已请求拨款 1500 万个 GHO 和 25,000 个 stkAAVE，价值约 1700 万美元。这笔资金将支持研发工作，直至 2025 年中期推出 Aave V4。

Aave's Market Position

Aave 的市场地位

Aave has consistently ranked among the top DeFi protocols, boasting a total value locked (TVL) of approximately $10 billion. Despite recent market fluctuations, the native Aave token remains resilient, currently trading at $82.35 and down 87.6% from its all-time high.

Aave 一直位居顶级 DeFi 协议之列，其总锁定价值 (TVL) 约为 100 亿美元。尽管最近市场波动，原生 Aave 代币仍然保持弹性，目前交易价格为 82.35 美元，较历史高点下跌 87.6%。

Community Engagement and Timeline

社区参与和时间表

The proposed upgrades are currently undergoing a "temperature check" phase, allowing the community to provide feedback and express their opinions. Following this feedback period, the proposal will move to an on-chain vote. The timeline for the implementation of Aave V4 spans from the completion of research in Q2, 2024, to the full release of the new version by mid-2025.

拟议的升级目前正处于“温度检查”阶段，允许社区提供反馈并表达意见。在此反馈期之后，该提案将进入链上投票。 Aave V4 的实施时间表从 2024 年第二季度完成研究到 2025 年中期新版本的全面发布。

Conclusion

结论

The proposed upgrades outlined in Aave Labs' proposal represent a significant step forward for the Aave protocol. By introducing a new architecture, dynamic interest rates, Liquidity Premiums, enhanced vaults, and smart accounts, Aave V4 aims to provide users with a more efficient, versatile, and user-friendly DeFi experience. The focus on GHO stablecoin improvements and the inclusion of an emergency redemption mechanism further demonstrate the commitment to maintaining the stability and utility of the Aave ecosystem. As the proposal progresses through its governance process, the community will have the opportunity to shape the future of Aave and contribute to its continued growth and innovation.

Aave Labs 提案中概述的升级建议代表了 Aave 协议向前迈出的重要一步。通过引入新的架构、动态利率、流动性溢价、增强的金库和智能账户，Aave V4 旨在为用户提供更高效、更通用、更人性化的 DeFi 体验。对 GHO 稳定币改进和纳入紧急赎回机制的关注进一步表明了对维护 Aave 生态系统稳定性和实用性的承诺。随着提案在治理流程中取得进展，社区将有机会塑造 Aave 的未来，并为其持续增长和创新做出贡献。