[LlamaRisk Proposes Gradual Withdrawal of Approximately $1.33 Billion in Collateral from Aave V3 Core] According to a report by The Defiant on November 11th, LlamaRisk, the risk service provider for Aave, submitted a governance proposal suggesting that Aave V3 Core be repositioned as a highly liquid blue-chip collateral market, and that approximately $1.33 billion in collateral (backing approximately $1.03 billion in debt as of November 9th) be gradually withdrawn. The proposal primarily involves rsETH, osETH, LBTC, tBTC, and rETH, as well as some assets with relatively small exposures. The initial measures include freezing the relevant reserves and setting the LTV to 0, halting new supply and borrowing using these assets as collateral, but existing positions will remain unaffected. LlamaRisk plans to negotiate an orderly migration with asset issuers and large borrowers. If subsequent migration progress is insufficient, further measures such as gradually lowering the liquidation threshold will be considered. The proposal aims to migrate more complex assets, such as re-pledged assets and leveraged packaging strategies, to Aave V4, where V4 can perform more refined pricing using parameters such as risk premiums. The proposal is currently under discussion and requires governance approval before implementation.