Given our previous thoughts on v4, and the clear deliverables and timeframe outlined in this proposal, combined with the relatively reasonable cost of $12M GHO over 1 year to develop v4, approving this proposal is a no-brainer. From a cost-benefit perspective, this proposal seems entirely positive. Moreover, to alleviate any concerns about ‘other service providers being able to do this for a lower cost’, Aave Labs has institutional experience and history with Aave and is best placed to join the ranks as a service provider and develop v4 under the scope outlined. This proposal also addresses the feedback post v3’s development where there was a retroactive payment made - asking for the funds at the start is the best move to make and aligns Aave Labs with other Aave service provider models.
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