Aave Labs, the firm behind the decentralized finance (DeFi) lending protocol Aave has outlined a proposal for an upgrade and evolution of its protocol as part of a five-year roadmap.

On May 1, the DeFi lending platform introduced a governance proposal to get community feedback on upgrading the protocol to its next-generation version 4.

Proposed Unified Liquidity Layer infrastructure for liquidity providing. Source: Aave