Aave News: Fireblocks AIP, Centrifuge RWA Market, New Liquidity Mining Program, and More

A recap of the Aave ecosystem, November 15th to November 21st 2021

Nov 22, 2021

For readooooooors, featuring coverage on Aave Weekly ⚡️, Risk 🔎 , 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 47 of 2021 with $27.2 billion of liquidity:

41.0% Utilisation, generating $9.5m of estimated interest for depositors
$331m of Flash Loan volume, generating $296k of fees for depositors
$17.7m liquidated, generating $1.1m of fees to liquidators
$859k for the ecosystem collectors now holding $34.2m
$11.8m generated by the protocol this week
With an additional $3.9m $StkAAVE, $2.8m $WMATIC & $8.0m $WAVAX distributed
*at 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.

Risk 🔎

In case you haven’t seen it, check out the Aave Risk Dashboard by Gauntlet at gov.gauntlet.network/aave. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.

Aave Grants DAO update 🏗

Community call 6. The next Aave Grants community call is December 7th at 4pm UTC on Twitter Spaces. Respond in the governance forum with anyone from the community that you would like to hear from!

State of the protocol 📰

The Fireblocks AIP passed, marking the start of the Aave Arc market with Fireblocks as the first white lister. Aave Arc is an isolated Aave market which provides a sandbox environment for institutions to experience the power of DeFi.
Centrifuge's Real World Asset market is coming soon! It is currently live on the Kovan test net and the final legal details are being worked out. Subscribe to be the first to know when the market launches.
AIP 47 which extends the liquidity mining program for 90 days has passed. The new program includes a 30% reduction in omissions and adds incentives for BUSD, FRAX, CRV and DPI.

Ecosystem 🧉

Llama released financial statements for October
HAL.xyz is hiring for a range of roles - learn more during an AMA with the team on Nov 30th
Read a transcript of the AMA with Symphony Finance from last week and their overview of YOLO
EntropyFi provided an update on the insurance product they are developing
Create analytics on Aave and earn up 7.2 AAVE with Flipside Crypto
Help build the future of Web3 by joining DeFi Alliance in one of their open roles
Token Terminal is adding data on incentives paid out by protocols - see a sneak peek of what it looks like with Aave

Governance ⚖️

On-chain votes:

Add Fireblocks as a whitelister on Aave Arc | Governance discussion | This proposal adds Fireblocks as the first “whitelister” on the Aave Arc market and is a step towards more traditional financial institutions accessing DeFi.
Aave V2 - Liquidity Mining Program (90 days at 30% reduced rate) | Snapshot | Governance discussion | stkAAVE incentives will continue flowing for an additional 90 days to the 20th February 2021.
Authorize the Guardian to hold the emergency keys for V2 | Governance discussion | To protect the Aave Protocol from malicious actors, this AIP authorizes the Guardian to hold the emergency keys for V2 of the Aave Protocol, just as the Guardian holds the keys for new deployments of the Aave Protocol.

Snapshot votes:

Add AAVE and aAAVE on Avalanche voting power on Snapshot | This proposal would give AAVE and aAAVE holders on Avalanche voting power in future Snapshot votes.
🗳 Voting is live until November 24th
Raise minimum AAVE holding to create a snapshot proposal to 50 AAVE | This proposal would raise the minimum threshold needed to submit a proposal on Snapshot from 1 to 50 AAVE.
🗳 Voting is live until November 28th

Upcoming Events 📆

Web3Jam - November 12 - 24, 2021
FTX GalAxie Cup - November 27 - 28, 2021
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)