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
You can download the Aave Weekly pdf from the governance forum.
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‘»
