Aave DAO would own the contracts for a proposed Ethereum lending market, but Sentora would make the day-to-day decisions that shape its credit risk.

In a governance proposal posted Sept. 28, the DeFi risk manager asks to operate an isolated Aave V4 Hub and its lending Spokes through revocable roles. The split puts an immediate risk response in Sentora’s hands and leaves the DAO with ownership, a review path for new markets and the power to withdraw those roles.

Sentora would choose its collateral, interest-rate curves, liquidation settings, and oracles. Aave’s existing risk service providers would have no assignment to monitor the instance, recommend changes, or respond to incidents.

The proposal is still an ARFC for community discussion, and the next steps include a Snapshot vote followed by an on-chain Aave Improvement Proposal before any approval.

Aave V4 separates the Hub that holds liquidity from the Spokes where loans originate against collateral. Sentora proposes one Ethereum Hub for its Spokes, with no credit lines to or from other Aave DAO Hubs, and its own Spokes would still draw from suppliers in Sentora’s Hub.

The proposal limits borrowable assets to RLUSD, PYUSD, and OUSD, excluding USDC and USDT.

Under the plan, the DAO’s Governance Short Executor would retain the admin roles over the Hub, Spokes, and AccessManager. The DAO would retain contract upgrades and role grants, and Sentora would own none of the contracts.

Instead, it would receive operational roles to manage the markets, and the DAO could revoke those grants through an on-chain governance proposal.