Sentora wants to run its own independently curated lending markets on Aave V4, beginning on Ethereum, and it's willing to hand over half the protocol revenue to do it. The proposal, filed as an Aave Request for Final Comments, would give the Aave DAO a 50% cut of revenue generated by the instance. It's still at the community-feedback stage, meaning nothing's been voted on yet.
What Sentora is actually asking for
The pitch is straightforward: let Sentora operate a curated lending market on top of Aave V4 rather than pushing its assets through the existing pools. Curators set the parameters — collateral types, risk limits, who gets to borrow — and in exchange for running that shop on Aave's rails, Sentora sends half the revenue back to the DAO.
Ethereum is the starting point. Sentora didn't lay out a timeline for other chains in the proposal, and the ARFC doesn't commit to any.
The revenue split is the part that matters most for Aave holders. Fifty percent of protocol revenue is a real number, not a vague promise of "alignment" or "ecosystem support." Whether it's a good deal depends on how much volume a Sentora-run instance can pull, which is exactly the kind of thing the community will want to chew on before a Snapshot vote.
Why Aave V4 changes the calculus
Aave V4 is built around modularity — the idea being that third parties can spin up their own lending environments without touching the core protocol. That's the opening Sentora is walking through.
Under Aave's older architecture, a proposal like this would have been a much harder sell. Curated instances weren't really a thing. On V4, they're part of the design. The question for the DAO shifts from whether to allow independent markets at all to what terms are acceptable when someone asks to run one.
Sentora isn't the only team that will come knocking if V4 ships with this capability. The precedent set here — the revenue share, the governance oversight, how much autonomy a curator actually gets — will shape every pitch that follows.
The DAO's leverage is real. Sentora needs the vote.
The governance path from here
An ARFC is early. It's the stage where community members pick apart the terms, flag risks, and either push the proposal toward a Snapshot vote or let it die quietly in the forum.
If the temperature check passes, the proposal moves to further governance steps, though the ARFC excerpt doesn't specify which ones. Aave's process typically runs through Snapshot and then on-chain votes before anything is executed, and that full sequence would need to play out before a single Sentora market goes live.
That's a lot of gates. Plenty of ARFCs never make it past the first one.
The open question
Sentora hasn't said what assets it plans to list, what risk parameters it would set, or how it would handle liquidations on its instance. Those details will matter to delegates once the discussion gets serious — a curated market is only as safe as the collateral it accepts.
The next concrete step is community feedback on the ARFC. If that goes well, Sentora gets a Snapshot vote. Until then, it's a forum post and a revenue promise.
