Aave News #79
Beta Test with Warden Finance, Revamped Gauntlet Renewal Snapshot, Chainlink Proof of Reserve for Avalanche, Liquidity Mining on the Polygon V3 Pool, Vote to Retain aCRV and More.
For anyone who participates on weekends, including: Spotlight 🧑💻 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻
// Beta Testers Wanted! Risk and Analytics Platform from Warden Finance 🧑💻
Warden Finance is looking for beta testers for the risk and analytics platform they have been building. Warden Finance is building a custom dashboard to allow anyone to browse accounts, simulate changes in asset prices, look at historical transactions & more. If you’re interested, find out more about how you can get involved.
// Protocol 📰
After one of the closest Snapshot votes in recent memory, the community signaled to maintain Aave DAO’s aCRV holding and payoff the bad debt by purchasing the entire amount of CRV with USDC.
Gauntlet shared an updated renewal proposal incorporating community feedback including moving from a variable to a fixed pricing model. The proposal is currently live for voting on Snapshot. At the time of writing, the vote is looking on track to pass with 99.99% of the 504k votes in favour.
Voting is also live on Snapshot to authorise the release of the Chainlink Proof of Reserve for Aave Avalanche. Read more about the proposal from bgdlabs.
Since the AIP passed to set LDO, stMATIC and SD the Emission_Admin role, the foundation is set for a wave of liquidity mining to start on the Polygon V3 Pool. Lido, Stader and Polygon are now able to distribute rewards to encourage recursive staking strategies using stMATIC, MaticX and MATIC respectively.
The other AIP that passed this week increases the yield optimization on the ETH Interest rate on Etheruem V2. Read more about recent governance activity in the Governance ⚖️ section and follow Boardroom’s updates in the forum.
// Ecosystem 🧉
Llama shared November Financial reports including total deposits, an income statement and treasury balances by chain.
Catch up with some discussions from the past week that you may have missed:
Llama hosted a Twitter Space that summarized their work in the Aave ecosystem over November. Listen to the recording and catch up with the governance discussion and AIPs they have been involved in.
Atlendis Labs along with @lemiscate from Aave and @_khanhamzah from Polygon chatted about macro, DeFi credit markets and more.
DaoLens hosted AGD reviewer @fancisgowen for a discussion on how building a personal brand impact the DAO space.
Check out more details from DappLooker on their user retention dashboards that we highlighted last week!
Debt repayments for Aave are now live on Mero 🚀
// Governance ⚖️ - written by Boardroom
Lots of proposals before the Aave community of late. Two very recent ones failed to reach quorum despite apparent support. Is it the weekend?
/ Proposals
👻 Aave Improvement Proposals:
Freeze Aave V1 (129). This proposal failed to reach quorum on December 11.
Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool (128). This proposal failed to reach quorum on December 10.
Aave StarkNet Phase I - Aave <> StarkNet Bridge deployment/activation by Aave governance (127). This proposal passed with nearly 100% voting “YAE.”
⚡️ Now on Snapshot:
[ARFC] Receipt of Gauntlet Insolvency Fund. @llamaxyz proposes that “Gauntlet’s Insolvency Fund be transferred to the Aave Ecosystem Reserve in the form of AAVE tokens.”
[ARFC] Ethereum v2 Collector Contract Consolidation. Llama proposes to consolidate “the Aave v2 Collector Contract holdings by swapping a portion of the long tail assets to USDC and redeeming assets from the Aave AMM deployment.”
[ARFC] Repay Excess CRV Debt on Ethereum v2. Llama proposes “sourcing CRV for the purpose of repaying the excess debt in the CRV Reserve on the Ethereum v2 liquidity pool.”
Risk Parameter Updates for Aave v2 Ethereum - LTs and LTVs for Long Tail Assets. This proposal passed on December 11 with nearly 100% voting “YAE.”
Risk Parameter Updates for Aave v2 Ethereum (DAI LT and LTV). This proposal passed on December 10 with nearly 100% voting for “300bps LT decreases & LTV 75%.”
Risk Parameter Updates for Aave v2 Ethereum (USDC LT and LTV). This proposal passed on December 10 with nearly 100% voting for “150bps LT decrease & LTV 80%.”
V3 Borrow Cap Recommendations (Fast track). This proposal passed on December 8 with nearly 100% voting “YAE.”
[ARFC] Aave DAO Policy Change: Halt Listings on all Aave v1 & v2 Non Permissioned Deployments. This proposal passed on December 9 with nearly 100% voting “YAE.”
🗣 Provide your feedback on these active Aave Requests for Comment (ARCs):
[ARFC] Aave v3 on Ethereum - Create eMode Categories. Llama proposes deploying Aave v3 on Ethereum “with two initial eMode Categories”: stabelcoin correlated, and Ethereum correlated.
[ARC] Add wstETH to Aave v3 on Optimism. A proposal from the Lido DAO to “add wstETH to the Optimism V3 Liquidity Pool.”
[ARC] Integrate Trust Wallet into the Aave App. This proposal hopes “to get the Trust Wallet connection point in the default connection modal” on both mobile and desktop.
[ARC] Aave v3 Polygon wMATIC Interest Rate Update. Llama picks up the discussion again.
[ARC] Freeze RENFIL for Aave V2 ETH Market. Discussion continues
/ In the Forums
Aave <> Chainlink proof or reserve. BGD Labs lays out their “phase 1 release candidate.”
Governance framework for alternative chain proposals. This discussion is revived “one last time” before going to Snapshot.
Risk council discussions continue, with specific members / entities suggested.
Delegate platform updates from @lbsblockhain, FranklinDAO, and @MarcZeller
ARC or ARFC. Which one is it?
Redeem, consolidate, redeploy. Llama wants to discuss “Aave’s assets held within the Polygon v2 Collector Contract and v3 Treasury addresses.”
Gauntlet <> Aave. Intensive discussion continues after the contract renewal Snapshot failed.
ThunderCore. Here’s a proposal to deploy Aave on the EVM compatible chain.
Aave <> Chainlink proof or reserve. BGD Labs lays out their “phase 1 release candidate.”
Governance framework for alternative chain proposals. This discussion is revived “one last time” before going to Snapshot.
Risk council discussions continue, with specific members / entities suggested.
Delegate platform updates from @lbsblockhain, FranklinDAO, and @MarcZeller
ARC or ARFC. Which one is it?
Redeem, consolidate, redeploy. Llama wants to discuss “Aave’s assets held within the Polygon v2 Collector Contract and v3 Treasury addresses.”
Gauntlet <> Aave. Intensive discussion continues after the contract renewal Snapshot failed.
ThunderCore. Here’s a proposal to deploy Aave on the EVM compatible chain.
// Events 📆
Where would you want to see a rAAVE hosted in 2023? DM us on Twitter or Lens 🌿
// Hey Anon 👻
Have you been collecting Aave News on Lens? 🌿🌸
