A recap of the Aave ecosystem, November 22nd to November 28th 2021
Helping shine light on proposals anons don't know about, featuring coverage on Aave Weekly ⚡️ , Aave Grants DAO update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️, Upcoming events 📆 , and Water cooler 🆒
Aave Weekly ⚡️
The Aave Weekly Newsletter brings readers insights on protocol liquidity, income and other performance metrics.
The Aave Protocol closes week 48 of 2021 with $25.9 billion of liquidity:
- 42.3% Utilisation, generating $9.4m of estimated interest for depositors
- $216m of Flash Loan volume, generating $193k of fees for depositors
- $20.7m liquidated, generating $1.5m of fees to liquidators
- $773k for the ecosystem collectors now holding $35.9m
- $11.8m generated by the protocol this week
- With an additional $2.4m $StkAAVE, $2.8m $WMATIC & $5.4m $WAVAX distributedat the weekly close price*Polygon figures are approximated due to the Graph data being out of sync
Protocol Liquidity
Protocol Usage
Safety Module
Aave Grants DAO update 🏗
- Read our update and renewal proposal for Aave Grants! Expanding the program allows us to fund larger community grants, support non-developer grants, and decentralize the grants process. Join the discussion and respond if you’re interested in being a grant reviewer.
- Mark your calendar for the sixth Aave Grants community call on December 7th at 4pm UTC on Twitter Spaces
State of the protocol 📰
- Wen Aave v3 ser
- Centrifuge shared more details about the upcoming Real World Asset (RWA) Market they are launching that will allow anyone to provide liquidity to tokens backed by RWA
- Emissions for the new Liquidity Mining proposal began and as Emilio points out, despite an almost 50% reduction in rewards, TVL and daily income did not drop accordingly
- Look out for what Gelato has been whipping up to Make the AMM Market Great Again
Ecosystem 🧉
- Send a DM to @hilmarxo if you're a Degen or Business Developer who wants to join Gelato🍦
- Join an AMAÂ with @HAL_Team on November 30th at 4pm CETÂ on Twitter Spaces
- $GHST holders can now mine $ERP by playing prediction games thanks to an exclusive staking pool from Entropyfi
- Read about Solace.Fi's approach to underwriting DeFi including details about their token $SOLACE 👀
- FTX GalAxie Cup was this past weekend. Shout out to all competitors, viewers, hosts, and everyone who made the event possible 🙏
- Web3Jam wrapped up! Congrats to all the hackers and winners, including Loop, Bossa, and Web3 Agreements who took home the Aave sponsored prize đź‘»
- Over 250 community members joined an AMA we hosted with @FireblocksHQ featuring Stani and Michael Shaulov on Aave Arc and the AIP for Fireblocks to be the first whitelister
- Paraswap has a proposal up to adopt their version of the Aave Safety Module
- A Maker DAO weekly poll to increase the direct deposit module (D3M) debt limit to 100 million DAI received 100% 'Yes' votes
- Rewatch a DeFi master class by @lemiscate about all things money legos and Aave
Governance ⚖️
Snapshot votes:
- Add ENS as collateral | Governance discussion | Add ENS to Aave V2 with an LTV ratio of 50%🗳 Voting ends on November 30th
- Add AAVE and aAAVE on Avalanche voting power on Snapshot | 99.9% of votes signaled support to add AAVE and aAAVE holders on Avalanche to voting power in future Snapshot votes
- Raise minimum AAVE holding to create a snapshot proposal to 50 AAVEÂ | 99.4% of votes signaled support for raising the minimum threshold needed to submit a proposal on Snapshot from 1 to 50 AAVE
Other Discussions:
- Aave v3 Launch strategy: Code licensing | The discussion to determine the code licensing for Aave v3. Should Aave v3 remain open-source as v2 or take a different path such as restricting the use of the v3 protocol for a period of time.
- Analysis of xSushi’s incident | A recap of the xSUSHI incident and proposed bug bounty of 50K for both @flashfish0x and @nipun_pit
- Aave Grants Update and Renewal | Read more in Aave Grants DAO update 🏗
- Is it possible to add stkAbpt to voting & governance contract?
Upcoming Events 📆
- AMA with Centrifuge - December 1
- rAAVE Helsinki - December 2
- DefiCon - December 18 - 19, 2022
- ETHDenver - February 11 - 20, 2022
- Stani will be speaking at Permissionless (May 17 - 19, 2022) and CFC St. Moritz (January 12 - 14, 2022)
Water cooler 🆒
Mark Cuban, the Aavenger đź‘»
