The decentralized finance protocol Aave is moving toward a single, protocol-wide risk framework that would cover every asset on its V3, V4, and upcoming Horizon products. If passed, any token that doesn't meet the new standard would be removed from the platform. The proposal comes as the Aave community debates how to manage risk across a rapidly expanding set of supported assets.
What the Framework Would Cover
The proposed framework would apply uniformly to all assets listed on Aave V3, the newer V4, and the institutional-focused Aave Horizon. That means stablecoins, volatile altcoins, and any token that doesn't qualify — all would face the same set of risk parameters. Currently, different versions of Aave use separate risk configurations, which can lead to inconsistencies. Supporters of the unified approach argue it simplifies borrowing, lending, and liquidation rules for both users and developers.
Stani Kulechov's Stance
Aave founder Stani Kulechov made clear that the change is not optional. Assets that fail to meet the new risk standard will be removed from the protocol, he stated. That's a hard line for projects whose tokens are listed but don't meet the bar. Kulechov didn't specify a timeline for the review or removal process, but the message is blunt: comply or get delisted.
Pendle PT Risk Oracle Shift
A separate but related proposal would shift the Pendle PT risk oracle. Pendle PT is a tokenized yield product that lets users trade future yield. The move is a technical adjustment in how Aave prices risk for that specific asset. It's a sign that the broader risk overhaul isn't just about blanket rules — it also means recalibrating individual oracles to align with the new framework.
The companion proposal is still in its early stages. If passed, it would change how Pendle PT's risk is evaluated, potentially tightening or loosening the parameters that govern borrowing and liquidation for that token.
What Comes Next
The Aave governance process is now weighing both proposals. Community members have a chance to debate the details before a formal vote is scheduled. No date has been set yet. But with Kulechov's warning that non-compliant assets will be removed, the pressure is on for token issuers and users to pay close attention to the outcome.
