Aave

DeFi Day Cannes is preparing to release its event programming. Interested participants can secure their spot by registering through the official RSVP link. **Key Details:** - Programming schedule to be announced shortly - Event taking place in Cannes - [RSVP available here](https://luma.com/defidaycannes) Registration is currently open for those looking to attend this DeFi-focused gathering.

**Major DeFi Gathering Announced** Aave is hosting an event featuring prominent blockchain projects including: - Babylon Labs - Stablecoin - Chainlink - Maple Finance - XLayer **Global Access** The Rollup will broadcast the event live, enabling worldwide participation. The stream will feature interviews with leading DeFi innovators. **Background Context** This follows Coinbase's recent Stablecoin Bootstrap Fund launch, which selected Aave as one of the first protocols to receive liquidity support for DeFi capital markets.

**DeFi Day Cannes** is scheduled for March 30th, 2026, at the Palais des Festivals et des Congrès in Cannes. The event is organized in collaboration with **EthCC** and **The Rollup**. This follows the success of previous DeFi gatherings, including a Buenos Aires event during Devcon that saw significant attendance, with the Cannes edition previously experiencing 4-hour wait times to enter. The conference will focus on decentralized finance developments and protocol innovations.

The Aave community is reviewing a **licensing proposal for Aave V4**, marking a key governance decision for the protocol's next major version. **Key Context:** - Aave V4 was developed with a **security-first approach**, featuring layered controls from architecture through post-audit validation - A dedicated **bug bounty program on Sherlock** has been proposed to provide continuous security monitoring - Sherlock previously partnered with Aave on V3 security, establishing shared standards for reporting and triage The licensing temp check follows comprehensive security preparations, including a full transparency report on V4's security program. The proposal aims to define how the protocol's code will be licensed and used. [View the licensing proposal](https://governance.aave.com/t/temp-check-aave-v4-licensing/24264) [Read the V4 security report](https://governance.aave.com/t/security-by-design-aave-v4/24224)

Aave Labs has introduced a two-part licensing structure for its upcoming V4 protocol repositories. **Key Components:** - **BUSL License** - Applied to the core codebase - **Contributor License Agreement (CLA)** - Required for anyone contributing code to the repositories The proposal aims to establish clear legal guidelines for both the protocol's core development and community contributions. This framework represents a structured approach to managing open-source contributions while maintaining control over the canonical codebase. The community can review the full proposal at: [Aave Governance Forum](https://governance.aave.com/t/temp-check-aave-v4-licensing/24264)

A new audit contest is available on Sherlock's platform. Security researchers and auditors can participate in **Contest 1209** to identify vulnerabilities and earn rewards. - Contest accessible at [Sherlock platform](https://audits.sherlock.xyz/contests/1209) - Open for community participation - Part of ongoing security review process This follows previous contest activity, indicating continued focus on protocol security through community-driven auditing.

**Aave V4** has entered its **open security review phase** on Sherlock DeFi, marking a key milestone in the protocol's development. The review invites participation from: - Previous Aave auditors - Developers familiar with lending-pool mechanics - Security researchers interested in DeFi protocols This follows Aave Labs' September roadmap announcement, which outlined the final stages before V4's launch including public documentation, testnet deployment, and codebase release. The open review represents a **community-driven approach** to protocol security, allowing experienced auditors to contribute to one of DeFi's most significant upgrades.

**MetaMask's mUSD stablecoin** has been listed on Ethereum Core and Linea Build markets, expanding lending options for users. - Users can now **supply and borrow mUSD** on both platforms - This marks continued expansion for mUSD, the first stablecoin from a self-custodial wallet - Previously announced integration with Linea ecosystem for seamless on-ramps and swaps The listing provides new **DeFi lending opportunities** with MetaMask's native stablecoin across multiple networks.

**Aave has processed over $3.3 billion in liquidations** since launch to protect its lending protocol from bad debt. The DeFi protocol published a detailed blog post introducing **V4's new liquidation engine** and explaining improvements over the current V3 system. - Liquidations serve as a critical safety mechanism for lending markets - V4 aims to enhance the liquidation process with new technical improvements - The upgrade represents Aave's continued focus on protocol security Read the full technical breakdown: [Aave V4 Liquidations Blog](https://aave.com/blog/aave-v4-liquidations?utm_source=x&utm_medium=post&utm_campaign=liquidations)

**Aave V4 transforms DeFi lending** with a revolutionary architecture that unifies liquidity across markets. **Key Innovation: Hubs and Spokes** - Hubs store liquidity pools - Spokes implement custom lending rules and market logic - Multiple markets can draw from the same liquidity source **Benefits for Users and Builders:** - Enhanced capital efficiency across all markets - Specialized markets can access deep liquidity from day one - Custom lending parameters without liquidity fragmentation **Real-World Applications:** - Pendle markets accepting multiple PTs as collateral - Uniswap LP-focused lending markets - Shared ETH liquidity across different use cases **Strategic Impact:** V4 positions Aave as DeFi's operating system, enabling previously unviable markets while maintaining security and efficiency. This architecture supports the migration of global finance onchain by serving specialized needs without sacrificing liquidity depth. [Read the full unified liquidity thesis](https://aave.com/blog/aave-v4-unified-liquidity-thesis)