Aave News #87
Aave News #87
GHO is Live on Goerli Testnet! Plus, cbETH is Live on v3, Voting for rETH, Spark by Maker, and more.
For anyone who has minted GHO on Goerli, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Spotlight: GHO on Goerli 🔦
Aave’s native, decentralized, multi-collateral stablecoin, GHO has launched on testnet. Any developers are encouraged to check out the developer docs to get started building with GHO. Any users should mint GHO and share any feedback with the team!
📻 Newly launched Aave Radio covered GHO in their first episode.
Protocol 📰
Following the launch of Aave v3, the market has already grown to over $100m with the migration tool from bgdlabs seeing significant usage.
There were several on-chain votes this week. See a full recap in Governance ⚖️.
AIP-150 increases the wMATIC interest rate parameters on Aave v3 Polygon. This increases the profitability of recursive borrowing strategies. Keep your eyes out for what is happening on Aave v3 Polygon (psst… Emission_Admins) 👀
Voting is live for two separate proposals to add rETH from Rocket Pool and USDT to Aave v3 Ethereum.
Ecosystem 🧉
The ETHforAll hackathon by Devfolio is underway! Catch a recording of the Aave workshop to learn how to quickly begin building on Aave and an overview of our bounties.
Warden Finance showcased their Liquidation Backtesting tool that simulates historical liquidation profitability.
Llama hosted their monthly Twitter Space where they walked through their recent work in the Aave ecosystem.
All Aave Grants recipients awarded from October to January are now eligible to mint the official AGD grantee NFT credential.
Gauntlet shared a recap of their risk management work in January.
Maker announced Spark on top of an Aave v3 fork and shared a proposal for a profit split with the Aave DAO
Governance ⚖️
Follow the latest governance updates from Boardroom
It’s (almost) all about V3.
Proposals
👻 Aave Improvement Proposals:
BAL Interest Rate Curve Upgrades (151). Succeeded on February 6th with 100% voting YAE and is queued for execution.
Aave v3 Polygon wMATIC Interest Rate Update (150). Succeeded on February 6th with 100% voting YAE and is queued for execution.
Add Support for cbETH (149). Succeeded on February 5th with nearly 100% voting YAE and is queued for execution.
Interest Rate Curve Changes for Aave V2 ETH (148). Succeeded on February 3rd with 100% voting YAE and was executed on February 4th.
⚡️ Snapshot:
Deploy Aave V3 on Neon EVM Devnet. A proposal to “To support Aave’s multichain expansion.”
Add wstETH to Arbitrum Aave v3. A proposal from Llama.
CRV Interest Rate Curve Upgrade. Llama proposes to “update the CRV interest rate parameters on the Aave Ethereum v2, Ethereum v3…Polygon v3, and Polygon v2 Liquidity Pools.”
Add USDT to Ethereum V3 Market. A proposal to “onboard USDT to the Ethereum v3 Liquidity Pool.”
LDO Emission_Admin for Ethereum, Arbitrum and Optimism v3 Liquidity Pools. This proposal passed on February 6th with nearly 100% voting “YAE.”
Onboard rETH (rocket pool ETH) to Aave V3 ethereum market. This proposal passed on February 3rd with 98.85% voting “YAE (without emode).”
Add wstETH to Optimism Aave v3. This proposal passed on February 2nd with 99.4% voting “YAE (without emode).”
wETH Interest Rate Curve - Ethereum v2. This proposal passed on February 3rd with nearly 100% voting “YAE.”
🗣 Provide feedback on these Aave Requests for Comment (ARCs):
Extend Aave DAO with EIP-4824. A proposal to “upgrade Aave DAO to EIP-4824 by deploying a new registration contract through a contract interaction with the EIP-4824 factory maintained by DAOstar.”
MaticX Polygon v3 Upgrade. A proposal to update the “MaticX Reserve on Polygon to facilitate an expansion of the MaticX/wMATIC loop strategy in the anticipation of rewards being introduced in the near future.”
BAL Interest Rate Curve Upgrade. There’s been a bit of follow up on the risk analysis.
Increase Borrow Cap for MAI Aave Polygon V3. A proposal from the Aave Chan Initiative to “increase the MAI borrow cap to 1M MAI to reflect market demand for this asset.”
Add Safety module support for Aave V3 Ethereum market. The Aave Chan Initiative proposes “to extend the coverage of the Safety module to Aave V3 Ethereum Contracts.”
Add LUSD to Ethereum V3 Market. This proposal, also from the Aave Chan Initiative, provides the “opportunity to onboard LUSD to the Ethereum v3 Liquidity Pool.”
Add BAL Ethereum v3. A proposal from @Llamaxyz to onboard BAL to V3 Ethereum.
Avalanche wAVAX Interest Rate Upgrade. Llama presents “a proposal to amend the wAVAX interest rate parameters on the Aave Avalanche v3 Liquidity Pool.”
Add CRV to Ethereum v3. Llama proposes to “onboard CRV to the Ethereum v3 Liquidity Pool.”
In the Forums
Chaos Labs debut their parameter recommendation platform.
Recent work updates from Aave Grants DAO.
Llama month four update.
Monthly community update from @ChaosLabs.
And Gauntlet monthly updates here.
Should Aave v3 be deployed on BNB Chain?
Delegate platform updates from @lbsblockchain and @WintermuteGovernance.
Quick Gov Links: Governance FAQ | Governance Docs | Discord Governance Channel | Snapshot | AIPs | Aave on Boardroom
Events 📆
ETHforAll Hackathon by Devfolio: February 4th to 19th
ETHDenver: March 2nd to March 5th
Hey Anon 👻
What is your favourite Aave merch that you’ve collected?
