Question
On 11 November 2026, Foresight News reported a governance-forum proposal from LlamaRisk, a risk service provider to Aave. The question the proposal raises is whether Aave V3 Core should stop taking new exposure to a set of liquid-staking and related assets, and leave broader collateral support to Aave V4.
What the proposal would change
LlamaRisk suggested focusing Aave V3 Core on mature, higher-liquidity collateral. Under the proposal, Aave V4 would support a wider set of assets through risk premia and isolation. The proposal would freeze reserve pools on V3 Core for rsETH, osETH, LBTC, tBTC, rETH and similar assets.
Foresight News reported that, as of 9 November, collateral covered by the proposal was about $1.33 billion, against about $1.03 billion of debt. The report does not name the dataset or the measurement method behind those totals.
Mechanism, as described
A freeze would pause new deposits of the affected assets and set their loan-to-value ratio (LTV) to zero. Users would no longer be able to open new borrows against those assets. Existing positions could still be held, repaid or migrated.
LlamaRisk planned to coordinate with asset issuers and major borrowers to move positions either to collateral that V3 Core would keep or to Aave V4. If the related exposure did not fall, later steps could include gradually lowering liquidation thresholds according to the asset, or, as a final stage, considering higher borrow rates. Those later steps are described as contingent, not as changes already scheduled.
Limits of the evidence
The item reports a proposal, not an implemented parameter change, and it does not say whether the named assets are a complete freeze list. It also does not define how “mature” or “higher liquidity” would be measured, or how much of the reported exposure would be expected to migrate. The $1.33 billion and $1.03 billion figures should be read only as the exposure totals given for 9 November in that report.
Original report: Foresight News, 11 November 2026, 10:56 CST.
