πŸ—žοΈ

July 19, 2021 - All systems rAAVE as new version nears

A recap of the Aave ecosystem, July 12th to July 18th 2021

Welcome to Aave News πŸ‘» Helping you keep your finger on the pulse of the Aave ecosystem.

Keep reading for coverage on: Aave Grants DAO Update πŸ— , State of the protocol πŸ“° , Ecosystem πŸ§‰ , Governance βš–οΈ , New market watch πŸ’Ή , Mark your calendar πŸ“† , Aavengers in the wild πŸŽ™ , and Water cooler πŸ†’

Aave Grants DAO Update πŸ—

Next call. The next AGD Community Call will be hosted on Twitter Spaces at 4pm UTC on Thursday, July 29th. Hopefully you can drop in! We are lining up some awesome guests from the community. More details on the agenda in the next Aave News.

State of the protocol πŸ“°

Hello Boardroom. Thanks to support from AGD, @Boardroom_info has integrated Aave into their governance platform πŸ₯³ The new integration allows users to explore key governance metrics, vote or delegate their voting power, and learn about the governance process.

For more performance metrics, Aave's own @A_BertoG drops a weekly breakdown of protocol performance on the governance forum, and Omni Analytics maintains a detailed Dune Dashboard for Aave.

Audit underway. Stani shared that the new version of Aave is currently under audit πŸ‘» πŸ’ͺ For a sneak peak of what the new version will look like, see the Aavengers in the wild πŸŽ™ section for Stani's response when asked about it this week, and check out what @The3D_ had to say about it during the second AGD Community Call

Ecosystem πŸ§‰

(3, 3) 🀝 Aave. Following up the Water cooler πŸ†’ story from the July 5th Aave News, the Ohmies have arrived! With OIP-13 passing, $1 million DAI from the OlympusDAO treasury is now actively earning interest thanks to Aave. How long until aTokens become the standard for treasury management across DeFi?

Meme for money. The Aave Meme Contest is now live. Each week there is a new theme and the top three memes are awarded a total of $850. Follow @AAVEMemes to be the first to know the theme and to see the winners for each week.

Shout out to @PickyTrixie for the meme πŸ™Œ

image

Governance βš–οΈ

LM update. As promised on the last community call, @anjan_vinod from ParaFi shared an ARC to extend AAVE liquidity mining (LM) rewards. Rewards are currently set to end July 25th and this proposal would start a V2 of the LM program. The proposal keeps the same distribution and extends rewards to LINK. Read the full proposal which includes a recap of the current LM program and outlines what a new version would look like. Read the full post and and vote on the governance forum. The vote ends ~3 days from the time this Aave News is published.

Dynamic risk. @gauntletnetwork followed up their Market Risk Assessment from April with a new proposal outlining how they could support Dynamic Risk Parameters for Aave. The goal is for "continuous market risk management to optimize yield, capital efficiency, and mitigate depositor losses". The full post, which has received support from Pantera, outlines the scope of their proposal, expectations, a risk dashboard that would be built, and associated costs.

New market watch πŸ’Ή

FEI on deck. @joey__santoro, founder of Fei Protocol, is asking the Aave community to delegate their votes to him in order to have an on-chain vote to add FEI as a lending currency. This is after an ARC to add FEI as a lending currency received initial support from the community. If Joey receives the necessary votes, look for a new AIP on the governance portal soon.

Mark your calendar πŸ“†

New Monday, new Stani appearance. Whether you catch it live or watch the replay, tune in to hear some alpha from Stani on Staking Mondays.

EthCC 4 - July 20th to 22nd, 2021

Sponsored by Aave and featuring multiple speakers from the genesis team, including Ajit Tripathi (@chainyoda), Emilio Frangella (@The3D_), and of course Stani (@StaniKulechov) talking about credit delegation. If you are attending, you can spot Aavengers in the wild at a panel discussion on where DeFi is headed on July 19th, and at rAAVE on July 21st.

image

'Aave & The Future of DeFi Lending' at REDeFiNE TOMORROW 2021 - July 23rd at 8am UTC

AGD Community Call Three - July 29th at 4pm UTC on Twitter Spaces

Stani will also be speaking at:

SmartCon by ChainLink - August 5th to 7th Mainnet 2021 by Messari - September 20th to 22nd Token2049 London - October 7th to 8th

Aavengers in the wild πŸŽ™

Lending gang. @CamiRusso hosted a panel of heavy weights from the lending and borrowing space including Stani, @RuneKek from Maker, @cjliu49 from Compound, and @leokcheng from Cream. There is great back and forth among the panelists as they cover a range of topics including the differences between each protocol, tradeoffs from the different designs, and why a user would use one over another.

Stani breaks down the features that will be included in the new version of Aave. Stani stressed that this update is risk focused - listen for how 'exposure caps' will enable the protocol to list a wider variety of assets. After this update the Aave team will work on something that is more flashy. In fact, this will be the last development from the Aave team on the core protocol, as the rest will be done by Aave Developers DAO - Applications are still open πŸ₯³

Water cooler πŸ†’

Big-brain-cross-chain. After a week off, we are back with more big-brain-cross-chain thoughts, this time courtesy of @The3D_. Do you see where this is going anon?

Mark this Aave News πŸ‘» as FIN

Love it? Hate it? Comments? Concerns? Get in touch withΒ @0xbilll!

Learn more and join the Aave community: