Foresight News reports that BGD Labs, a core technical contributor to the Aave protocol, stated that after the current service partnership ends on April 1, they will cease participating in the Aave DAO, ending nearly four years of development and infrastructure work on the lending platform.
They mentioned that the early notification to the community is to ensure a smooth transition and noted that before the contract expires, they will continue to fulfill existing responsibilities, including work on Aave v3, Umbrella, chain expansion, asset onboarding, and security. BGD Labs also stated that they plan to release documentation and maintenance guides to assist other contributors in taking over their projects.
BGD Labs indicated that their exit reflects a broader shift in the Aave organization and governance environment, especially as the original startup behind the protocol, Aave Labs, shifts toward playing a more central role in developing Aave v4 and other plans. Recently, Aave Labs proposed to allocate 100% of the protocol’s revenue directly into the DAO treasury and applied for funding to support their development work.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Myriad to Use USD1 on BNB Chain as Exclusive Settlement Asset
Prediction market Myriad is transitioning to World Liberty Financial’s USD1 stablecoin as its exclusive settlement asset.
As part of the move, Myriad, owned by _Decrypt_’s parent company Dastan, is migrating its entire prediction market catalog to BNB Chain.
> Welcome to MYRIAD Season 3.
>
> Our b
Decrypt58m ago
Solana ecosystem DeFi protocol Drift will launch cross-chain deposit functionality on March 12.
Gate News Announcement: On March 11, the Solana ecosystem DeFi protocol Drift announced that on March 12, it will launch cross-chain deposit functionality, allowing users to transfer funds from any major trading platform and start trading.
GateNews2h ago
VanEck: Bitcoin mining companies are transitioning to AI infrastructure, with valuation potential undervaluation
VanEck Research Director Matthew Sigel pointed out that Bitcoin mining stocks are attractive to investors, as mining companies are shifting toward the AI market to enhance value. Core Scientific plans to sell Bitcoin assets to expand its AI business, and Riot Platforms expects to achieve a strategic transformation by 2025. Over the past 12 months, both Core and Riot stocks have increased by 90%, while MARA has fallen 35% due to rising costs. NODE ETF has risen over 30% since its launch.
GateNews2h ago
Ferra Early Deployment Guide: Sexy Sui Chain, Distributing Rewards Online
Ferra is an all-in-one DEX on the Sui blockchain, utilizing a dynamic liquidity layer and multiple AMM engines. It has completed $2 million in funding. Users can earn points through liquidity mining and trading to participate in airdrops. The project is simple and easy to operate, with low early participation costs and strong growth potential.
PANews2h ago
Elon Musk: Macrohard is a joint project between xAI and Tesla that can simulate the entire operation of the company.
Elon Musk revealed that xAI, in collaboration with Tesla, is developing the Macrohard or Digital Optimus project, which combines Grok and AI technologies to process computer operations in real time. This system simulates the entire company's operations and is jokingly called "Giant Hard." Its goal is to create a unique and low-cost real-time intelligent AI system.
GateNews3h ago
