A recap of the Aave ecosystem, January 31st to February 6th 2022
For anyone who thinks they should own their digital roots, featuring: Aave Weekly ⚡️, Risk 🔎, State of the protocol 📰 , Ecosystem 🧉, Governance ⚖️, Upcoming events 📆 , & Water cooler 🆒
Aave Weekly ⚡️
The Aave Weekly Newsletter brings readers insights on protocol liquidity, income and other performance metrics.
The Aave Protocol closes week 6 of 2022 with $22.5 billion of liquidity:
- 42.2% Utilisation, generating $5.8m of estimated interest for depositors
- $47m of Flash Loan volume, generating $42k of fees for depositors
- $2m liquidated, generating $96k of fees to liquidators
- $706k for the ecosystem collectors now holding $43m → $6.7m generated by the protocol this week
- With an additional $1.8m $StkAAVE, $2.9m $WMATIC & $2.6m $WAVAX distributed
- at the weekly close price
Protocol Liquidity
Protocol Usage
Safety Module
You can download the Aave Weekly pdf from the governance forum.
Risk 🔎
In case you haven’t seen it, check out the Aave Risk Dashboard by Gauntlet at gov.gauntlet.network/aave. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.
Market Risk Review:
Details can be found in this forum post
Gauntlet has published a Market Downturn Risk Review to provide the community with an update given the notable market downturn from January 21-24th. We have been analyzing the markets closely and have observed that there were no insolvencies that occurred on Aave V2 during the market crash. The protocol was able to healthily liquidate $110M in collateral across 1,846 positions and 913 users. There were no outsized liquidations on Aave; the single largest liquidation was $7.6M. One user faced $14M in liquidation (>13% of all liquidations). For more detail and visuals, see here.
State of the protocol 📰
- New assets are here! FEI has been added as collateral on V2 and GHST, BAL, CRV, DPI, LINK, & SUSHI are now live on Polygon 👻
- Gauntlet’s overview of the market downturn in Jan 2022 showed the resiliency of the protocol. Dive into the details in Risk 🔎
Ecosystem 🧉
- The dev team behind Aave announced LensProtocol - a permissionless, composable, and decentralized social graph that makes building a Web3 social platform easy 🌿
- Mark your calendar for the Bleeding Edge Mini Summit at ETHDenver brought to you by Aave Grants and Alliance DAO. Hear about the future of NFTs, lending, decentralized stablecoins, L2s, social media, and more with some of the biggest brains in Web3 🚀
- Community Call Seven is coming up this Wednesday. Tune into the Twitter Spaces to hear updates from across the Aave ecosystem including from the core team, grantees and active governance participants creating the future of ecosystem ☎️
- Check out highlights from JellyFi’s first community call and job openings including a Head of Sales and Partnerships 🐙
- Solace is now live on Polygon - stake SOLACE now to earn rewards
- Symphony has listed the new assets that were added to Polygon - you can now YOLO with BAL, GHST, CRV, and LINK 🎵
Governance ⚖️
On-chain votes:
- No new votes this week 👻
Snapshot votes:
- ARC - Consolidate Aave V1, V2 & AMM Reserve Factors, Purchase CVX and Deploy to Earn Yield | Governance discussion | Vote until Feb 10th 🗳
- ARC - Continue Liquidity Mining Program on Aave V2 Ethereum market and Introduce Liquidity Mining on Aave ARC market | Governance discussion | Vote until Feb 11th 🗳
- ARC: Avalanche Market - AVAX Risk Parameters Update | Governance discussion | Vote until Feb 11th 🗳
- ARC - Add DPI as Collateral on the AAVE ARC market | Vote until Feb 10th 🗳
- ARC: Adding Multi-Collateral DAI to the Aave ARC Market | Vote until Feb 9th 🗳
- Aave <> Starkware Phase I | Governance discussion | Vote Feb 8th - 12th 🗳
Other discussions:
- [ARC] Aave V3 network integrations process
- ARC: Add alUSD as Borrowable to Aave V2
- Deploy AAVE v3 on Polygon Network
- Launch Aave V3 on Gnosis Chain
- Launch Aave V3 on Avalanche
- Add FRAX as Collateral to Aave V2
- ARC: Add support for stETH (Lido)
- Launch Aave V3 on Avalanche
Upcoming Events 📆
- Aave Grants Community Call 7 - February 9th at 4pm UTC (Twitter Spaces)
- ETHDenver - February 11 - 20th
- Bleeding Edge Mini Summit - February 17th (IRL at ETHDenver)
- Avalanche Summit - March 22 - 27
Water cooler 🆒
Does JPM even still have water coolers?
