Founder of Aave: V4 will introduce more risk management functions, and the effect of the new pledge module Umbrella has been reflected."
According to online reports, Aave founder Stani Kulechov wrote on the X platform that the impact of the new Aave pledge module Umbrella has been reflected. The Aave protocol is changing from using AAVE as the final excess debt support to using aTokens provided by users through Umbrella pledge to generate additional revenue. In addition, Aave DAO can be configured with a predefined coverage amount for each pledge pool, which in turn serves as the first line of defense for pledgers funds, balancing by allowing both users and Aave DAO to mitigate protocol risks without having to cut any AAVE. Aave V4 will introduce more risk management functions. Compared with other agreements that focus on taking risks and increasing tail risks, the community will still prioritize user safety.
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