Aave Labs published this week on the DAO governance forum a detailed security framework for the upcomingĀ Aave V4Ā upgrade,Ā revealing an audit and verification process spanning nearly a year, funded by aĀ $1.5 millionĀ budget approved by the community.
The programĀ spent 345 days under review and included formal verification, manual audits, invariant testing, fuzzing and a public security contestĀ held on Sherlock between December 2025 and January 2026. More thanĀ 900 independent researchersĀ participated in that event, submitting aroundĀ 950 findings, with no critical or high-severity vulnerabilities reported. Among the external firms involved in the process wereĀ Certora, ChainSecurity, Trail of Bits and Blackthorn.
Based on this experience, the Aave Labs teamĀ committed to adopting five permanent security practices: formal verification from the early stages of development, layered audit methodologies, continuous verification throughout the development cycle, a bug bounty program with no expiration date, and the development of AI-assisted smart contract analysis tools.
The security framework was announced amid internal tensions within the Aave Labs ecosystem.Ā BGD Labs, the protocol’s long-standing technical contributor, announced its withdrawal after four years of work. Adding to that, ACI founder Marc Zeller decided toĀ step back the Aave Chan Initiative from the protocol starting in July.
Source:Ā https://governance.aave.com/t/security-by-design-aave-v4/24224
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