Disclosure: I wrote this analysis independently. I am not affiliated with Aave Labs or Aave DAO. This is not a security audit and not financial advice. I put together a structured, high-level review of the aave-v3-origin repo (Aave V3.6) after reading the Solidity and public docs. I already shared a longer version on X; posting here for discussion and corrections. What it covers - Contract map (Pool, aTokens, variable debt, oracle, configurator, rewards, proxies) - Primary flows: supply → aToken, borrow → vDebt, repay, liquidation, flash loans - How suppliers earn (borrow interest minus reserve factor) vs separate RewardsController incentives - Governance / upgrade surface (proxies, ACL roles, pause/freeze), centralization risk, not a classic “owner rug” design - Business worst-cases called out in the write-up: reserve deficits after bad debt, oracle stress, pause locking withdrawals, etc.…