Aave V4 could put DAO funds first in line to absorb bad debt before losses reach volunteer underwriters. The proposed Umbrella backstop would initially cover only Core WETH, USDC and USDT markets, with reserve-specific protection rather than blanket coverage across Aave. https://cryptoslate.com/aave-v4-proposal-would-put-dao-funds-first-in-line-to-absorb-lending-losses/