Aave DAO Overwhelmingly Backs V4 Deployment on Ethereum Mainnet

Aave is a major decentralized lending protocol on Ethereum, having processed more than $1 trillion in loans and accounting for over half of the decentralized lending market. Developed over roughly two years, V4 adopts a modular Hub-and-Spoke architecture that shares liquidity while isolating collateral risk. It aims to expand into structured lending, fixed-rate products and credit markets for tokenized assets.

On March 23, 2026, an Aave DAO Snapshot vote drew more than 645,000 votes in favor, fewer than one vote against and zero abstentions. A binding onchain AIP vote subsequently passed, and Aave Labs activated V4 on Ethereum mainnet on March 30. The initial rollout comprised three Hubs and 10 Spokes. Deposits approached $10 million in the first week and exceeded $20 million by April 13.