Aave has released a governance proposal to activate Aave V4 on the Ethereum mainnet.

Aave V4 Proposal Drops: Modular Lending, Liquidity Hubs, and Spokes Coming to Ethereum

Aave is leveling up. The team just released its governance proposal for Aave V4 on Ethereum mainnet, introducing a modular architecture that splits things into Liquidity Hubs (shared liquidity) and Spokes (independent lending environments with governance guardrails). The proposal also lays out topology, rollout path, implementation models, and the initial asset set for risk param tweaks. If the community greenlights it, next stop: snapshot vote.