February 7, 2022 - Bleeding Edge at ETHDenver, Lens Protocol, Liquidity Mining, JPM, & More

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


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 🚀

Governance ⚖️

On-chain votes:

  • No new votes this week 👻

Snapshot votes:

Other discussions:

Upcoming Events 📆

Water cooler 🆒

Does JPM even still have water coolers?