Aave v3.4 Update Proposal Introduced by bgdlabs

According to Foresight News, Aave contributor bgdlabs has proposed an ARFC for the update of Aave v3.4. The proposed changes include migrating the custom GHO on v3 Core to standard a/v Tokens, eliminating the need for user migration. A new position manager role is introduced, allowing users to configure limited operations selectively. The update also proposes removing the direct injection of flash loan fees to suppliers to simplify the increase in liquidity index and enhance the overall security model of the protocol. Additionally, the DAO will be opened to redistribute fees asynchronously, enabling suppliers and/or Umbrella stakeholders to protect assets. Furthermore, the core protocol smart contracts will be upgraded to Solidity 0.8.27.