[Aave to Update Liquidation Engine in V4, Introducing Dynamic Liquidation Thresholds and Automated Auction Mechanisms] Odaily Planet Daily News: Aave's official account posted on Platform X, stating that since its inception, Aave has handled nearly 295,000 liquidations, amounting to over $3.3 billion. These liquidations protect the protocol from bad debt and maintain system health. In light of this, based on the V3 liquidation mechanism, Aave V4 introduces a redesigned and optimized liquidation mechanism. Its main advantages include: 1. Introducing dynamic liquidation thresholds and automated auction mechanisms to reduce manual intervention, improve liquidation speed, and enhance capital efficiency; 2. Reducing slippage and manipulation risks during the liquidation process through the integration of on-chain oracles and MEV (Miner Extractable Value) protection; 3. Supporting partial liquidations and batch processing, allowing borrowers to avoid full liquidation at a lower cost.