September 27, 2021 - Guardians, Avalanche, rAave II, and AAVE Card 💳

A recap of the Aave ecosystem, September 20th to September 26th 2021

Were you busy making IRL memories in NY and didn't keep up with Aave? No sweat, Aave News has you covered with highlights from Aave Weekly ⚡️Aave Grants DAO update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️, Mark your calendar 📆 , and Water cooler 🆒

Aave Weekly ⚡️

Aave News is now the home of the Aave Weekly Newsletter to bring readers insights on protocol liquidity, income and other performance metrics.

The Aave Protocol closes week 39 of 2021 with $23.5 billion of liquidity:

  • 44.1% Utilisation, generating $9.5m of estimated interest for depositors
  • $150.8m of Flash Loan volume, generating $128k of fees for depositors
  • $23.3m liquidated, generating $1.8m of fees to liquidators
  • $1.1m for the ecosystem collectors now holding $21.9m
  • $12.5m generated by the protocol this week
  • With an additional $4.5m $StkAAVE & $2m $WMATIC distributed
    • at the weekly close price

Protocol Liquidity


Protocol Usage


Safety Module


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

Aave Grants DAO update 🏗

Aave Grants DAO Summit. Join an exploration of the Aave Grant DAO ecosystem as a part of ETH Global on September 30th. The summit features three sessions, including:

  • How to Successfully Receive a Grant from Aave with Shreyas Hariharan and Imran Khan
  • Aave Grant's Ecosystem of Builders with DeFi Alliance, Omni Analytics, Gelato, Tally, Llama, and Rabbithole
  • Introduction to DeFi Grants with Boris Stanic, Rebecca Rettig, Calvin Liu, and Robert Leshner

State of the protocol 📰

New guardians. The process to find and elect a new set of ten Guardians is underway. Aave Guardians were established with the launch of Aave V2 to provide extra protection against potential governance takeovers by centralized actors (good overview). The process to elect a new group is being sped up to get them in place ahead of the deployment on Avalanche.

Shoutout to all the community members who raised their hands to be Guardians. Vote now from the list of nominations and have your say on who should be an Aave Guardian.

Ecosystem 🧉

Jamming. This week, Stani hosted a 2 hour conversation on Twitter Spaces to encourage more builders to come to Web3, $TRIBE incentives were added to borrowed $FEI on Aave, and grantees continued to build.

  • As usual, Flipside has readers covered with new bounties if you want to dive into data and earn $AAVE.
  • Keep your eye on Sacred Finance, which will allow Aave users to earn yield and transact privately. They are launching their testnet on Ethereum the first week of October 👀 Share any technical feedback as part of their bug bounty program and if you have questions about the protocol join the Sacred Discord ❤️

Governance ⚖️

On-chain votes:

Snapshot votes:

Other discussion

Mark your calendar 📆

Maximizing Your DeFi with Avalanche Rush - Wednesday 29, September 2021 at 10am ET

Aave Grants DAO Summit - September 30th from 12:30 EST

Stani will be speaking at

Water cooler 🆒

WEN. It is tough to keep track of all the project the Aave genesis team has brewing. Pure speculation and likely some overlap...

What are you most excited for, anon?


That’s a wrap. What was missing from this newsletter? DM @0xbilll. Thanks to @CryptoDatanut for the cover photo 🙌

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