Aave DAO has unanimously passed a proposal to initiate discussions about deploying Aave V4 on the Ethereum mainnet this year, marking the governance process entering an initial non-binding phase. This upgrade introduces a modular hub-and-spoke architecture designed to consolidate liquidity and allow customizable lending rules and risk parameters. This comprehensive overhaul aims to enhance risk isolation, integrate the GHO stablecoin, and improve the liquidation engine. Based on community feedback, Aave Labs will prepare a formal AIP (Aave Improvement Proposal) for on-chain voting. Meanwhile, Aave has undergone leadership adjustments, with key contributors BGD Labs and Aave Chan Initiative set to exit.