Aave has introduced major structural changes through the "Aave Will Win" (AWW) framework and the launch of Aave V4 to align protocol revenue directly with the $AAVE token. [1, 2]
## Key Changes & Updates
* Single-Asset Value Capture: The AWW proposal shifts Aave from a dual equity and token model into a token-centric model that directs 100% of protocol revenue back to the [Aave Decentralized Autonomous Organization (DAO)governance.aave.com/t/how-aave-will-win/23792) to drive token buybacks and value accrual. [1, 2, 3]
* Aave V4 Architecture: Launched on Ethereum mainnet, V4 introduces a modular hub-and-spoke liquidity architecture (featuring Core, Plus, and Prime hubs) with isolated liquidity routing across different collateral types. [4]
* New Liquidation Engine: V4 upgrades from static close factors and bonuses to a dynamic, capital-efficient, Dutch-auction-style liquidation engine tied directly to position health. [5]
* Real-World Assets (RWAs) & Expansion: The protocol is scaling its infrastructure and multi-chain deployments (including recent rollouts of Aave v3.7 and V4 spokes) to onboard institutional and tokenized traditional assets. [2, 4, 6]
If you want to dive deeper, let me know:
* Are you looking at how these changes affect token staking and revenue sharing?
* Or do you want details on Aave V4’s new lending and borrowing feat$AAVE
