Aave has submitted a governance proposal to introduce Custodied Collateral Lending built on Aave V4, letting institutions borrow stablecoins using assets held in custody at Anchorage. Announced in an official post on X, the design keeps the underlying collateral in Anchorage’s custody for the full loan term, while the custodian manages collateral, records balances and loan lifecycle events, and handles over-the-counter sales in the event of liquidation.