RT Ignas | DeFi (@DefiIgnas)BGD Labs are rage quitting Aave DAO after 4 years.They built Aave v3, governance infra, Umbrella, and most core systems.Why they're leaving:- Aave Labs pivoted from independent company to central contributor pushing v4- Aave Labs controls the brand, comms, and has voting power to influence major votes- v4 promotion came with criticism of v3, the system that dominates DeFi lending- Zero collaboration on v4. Aave Labs built it alone, expects others to advise unpaid- Proposed v3 dep ...

Core Insights - Aave DAO's software development partner, Bored Ghosts, will not renew its contract, citing issues with Aave Labs' direction for the protocol [1][2] - The Aave token experienced a decline of over 6% following the announcement of Bored Ghosts' departure [2] - Aave Labs' CEO expressed regret over the loss of Bored Ghosts, acknowledging their significant contributions to Aave V3 [3] Company Dynamics - Bored Ghosts criticized Aave Labs for pushing users towards a new version of the protocol, "v4," while they were still working on the existing version [2] - Aave DAO has been experiencing internal conflict regarding control over the protocol and brand, which could impact the decentralized finance landscape [4][5] - Aave is the largest DeFi protocol, with over $26 billion in user deposits, and has been managed by a DAO consisting of Aave token holders [5] Governance and Proposals - Aave Labs proposed transferring brand assets to the DAO, but this proposal failed in a recent vote [6] - The proposal included a clause to establish Aave v4 as the primary technical foundation, which would halt improvements on Aave v3 [7]

- Aave V4 run by Aave Labs- Aave v3 by BGD+ACIIt would not be the best outcome for $AAVE holders (by a mile) but if they want to shut down the v3 ASAP, it's the one that would be ... entertaining.Yet Aave Labs holds enough $AAVE tokens to block any vote 'giving' v3 to the DAO. It would include building a new brand as well.Thus highly unlikely.wishful_cynic (@EvgenyGaevoy):6) On top of that nothing stops BGD+ACI to launch a "Just use AAVE Classic", further eating into market share (and actually having a diff ...

Core Viewpoint - BGD Labs, a core contributor to Aave, announced that it will not renew its service agreement with Aave DAO after April 1, 2026, due to changes in organizational direction and governance environment [1] Group 1 - BGD Labs has led or participated in the development of Aave v3, governance, and security-related infrastructure over the past four years [1] - The organization plans to complete its existing work and ensure a smooth transition before the agreement expires [1] - BGD Labs proposed a two-month transition period for security support, subject to community governance decisions [1]

BGD Labs are rage quitting Aave DAO after 4 years.They built Aave v3, governance infra, Umbrella, and most core systems.Why they're leaving:- Aave Labs pivoted from independent company to central contributor pushing v4- Aave Labs controls the brand, comms, and has voting power to influence major votes- v4 promotion came with criticism of v3, the system that dominates DeFi lending- Zero collaboration on v4. Aave Labs built it alone, expects others to advise unpaid- Proposed v3 deprecation: worse parameters t ...

Core Insights - Aave v3 is set to launch on OKX's X Layer, potentially transforming it into a significant DeFi platform [1][3] - The deployment aims to establish a core lending market and enhance liquidity on X Layer, which currently has low total value locked (TVL) compared to competitors [1][5] - Aave's expansion aligns with its strategy to broaden its multi-chain presence and strengthen its ecosystem [3][6] Aave v3 Deployment - Aave DAO conducted a "temp check" to gauge community support for the X Layer expansion, framing it as a chance to become the core liquidity layer [2][4] - If community sentiment remains positive, the proposal will progress to a Snapshot vote and a final on-chain governance proposal [2][4] X Layer Overview - X Layer, launched in 2024, is an Ethereum Layer-2 network built with Polygon's CDK, focusing on high throughput and low fees [3] - The network aims to attract a large user base from OKX's exchange to enhance on-chain activity [3][4] Current Metrics - X Layer has a total value locked of approximately $25.9 million, daily DEX volume of $36.3 million, and fees around $87,000 [5] - In contrast, Aave v3 has a total value locked of $68.6 billion, indicating a potential for significant liquidity influx to X Layer [5] Strategic Implications - For Aave, the move to X Layer is part of a broader multichain strategy, including recent expansions to Aptos and a planned v4 upgrade for cross-chain liquidity [6] - For OKX, integrating a leading lending platform like Aave v3 could stimulate credit markets and attract developers to the ecosystem [6]

stay hydrated, not liquidated 🫡Hydrated Jakub (🐍,🐍) (@GregusJakub):Cool to find @hydration_net no.4 of all @aave v3 forks just bellow 2 @HyperliquidX projects 🙂 but not all forks are equal as only @hydration_net has priority for liquidation txs baked into runtime and block production. Unlike elsewhere user will experience way softer (almost https://t.co/lgqeeajBKL ...