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Aave News: Gelato Summer, 🦙, AMPL Revamp, and BOND ❌

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Aave News: Gelato Summer, 🦙, AMPL Revamp, and BOND ❌

A recap of the Aave ecosystem, August 2nd to August 8th, 2021

Aave Grants DAO
Aug 9, 2021
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Aave News: Gelato Summer, 🦙, AMPL Revamp, and BOND ❌

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Welcome to Aave News 👻 The top stories from the spookiest ecosystem.

Keep reading for coverage on: Aave Grants DAO Update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️ , New market watch 💹 , Mark your calendar 📆 , Aavengers in the wild 🎙 , and Water cooler 🆒

Aave Grants DAO Update 🏗

Bring on Gelato Summer. Aave users on Polygon can now kickback and relax with no fear of liquidations thanks to the launch of Cono Finance by Gelato Network. Cono Finance rebalances an Aave user’s debt position if it falls below a specified health factor. Shout out to @gitpusha and team who went from grant to product launch in less than one month 🤯

Treasury management 👻 🤝 🦙. After unveiling their Aave Treasury Analytics dashboard, Llama ended the week by sharing their Aave Treasury Management Vision, "to encourage innovation, accelerate growth, and prudently manage financial assets, while providing relevant and transparent financial reporting". The full post is comprehensive, covering portfolio construction, risk management, hedging, borrowing, liquidity, early investments, DAO alliances, productivity, and reporting.

Progress updates.Omni Analytics and JellyFi also share updates.

  • Omni Analytics is building out their Aave analytics and growth dashboard - share any analyses or improvements you want to see with the team.

  • JellyFi (formerly L2P Finance) released their Alpha on Kovan, which is integrated with Aave. Read about where they are headed and check out their alpha release.

Call for developers. You can still apply to join the Developers DAO - your best opportunity to work for a top DeFi protocol.

Twitter avatar for @HelloShreyas
Shreyas @HelloShreyas
Joining the Aave Developers DAO is one of the best opportunities to work directly for a top DeFi protocol You will support core protocol development for Aave and work with the best minds in DeFi DM me or @corbpage if you have any questions Apply here: aavegrants.org/Apply-to-join-…
Twitter avatar for @StaniKulechov
stani.eth 👻 🐻‍❄️🦇🔊 @StaniKulechov
.@AaveGrants is forming the Aave Developers DAO that reviews and crafts on-chain payloads, and maintains the Aave Protocol development. Senior developers experienced with web3, connect with @HelloShreyas 👻 https://t.co/CXJ1tbTbUo
8:44 AM ∙ Aug 3, 2021
27Likes3Retweets

State of the protocol 📰

All time highs. Aave's total market size is back to its ATH of 22 Billy. Adoption has compensated for the lower asset prices now compared to May, as evidenced by Polygon having twice as many active users compared to Ethereum L1.

More metrics. Check out:

  • Protocol performance metrics from @A_BertoG

  • Growth metrics including usage, volume, economics, segment behaviour, and staking info from @OmniAnalytics

  • Voting and governance metrics from @Boardroom_info

  • Treasury analytics dashboard from @llamacommunity_

Ecosystem 🧉

Request for bounty questions. As @Avimeyers announced on our last community call, Aave bounties are coming to @FlipsideCrypto starting August 17th! The team wants help from the community to source interesting questions that they can turn into bounties for their launch. Take a look at questions that have been submitted so far and add your own.

Aave accelerator. There are a couple days left for DeFi teams to apply for the 5th cohort of the DeFi Alliance. This is your chance to participate in an intense 6-week program, including an Aave-specific track that will help take teams to the next level.

Final deposit. Good Ghosting's saving pool from EthCC is in the final week. Stay winning friend, and make your last deposit if you are in the pool!

Aave Memes. The Aave meme contest is now over, with 12 winners and tons of great memes from the past month. Congratulations to the winners and thanks to everyone who submitted a meme 🙌

Governance ⚖️

AMPL revamp. AIP 26: Raise Maximum Interest Rate on AMPL Market, and AIP 27: Lower Reserve Factor for AMPL, each passed Aave governance. The sibling proposals are an effort to better align incentives and accommodate the high borrowing demand in the recently launched AMPL market. Despite both proposals passing, the changes were not considered ideal by everyone in the community and the full governance forum post is worth a read. Note the questions around whether raising the APY cap to 10,002% is high enough, given the history of AMPL rebases.

Market risk management by Gauntlet. AIP 29: Dynamic Risk Parameters ended up passing after Nay votes were leading the way for most of the voting period. Expect a full postmortem from @inkymaze now that the dust has settled.

Liquidity mining. The discussion in the governance forum on what the new LM program should look like is active. To recap, last month an AIP passed that extended the LM program to allow for more discussion on what a new program should look like. The four week extension ends on July 23rd, so the window is closing for the community to have a new proposal passed before the extension ends. Catch up on the discussion and have your say on the future of rewards on Aave.

Other governance discussions.

  • ARC: Aave Market Launch on Harmony

  • ARC: List Aavegotchi $GHST token as collateral on Matic Aave network - update

New market watch 💹

BOND ❌ . AIP 23: Add BarnBridge (BOND) to Aave failed, receiving over 250,000 more Nay votes than Yae votes. As the first proposal to fail in the Aave governance portal, there are several conversations and threads to dig into including:

  • The original governance forum ARC.

  • Stani's take on the VC governance wars as the vote was underway.

  • A Tweet storm post mortem by @LordTylerWard and proceeding back-and-forth with @Arthur_0x.

Mark your calendar 📆

AAVE behind the scenes by Alex Berto G by @BlockchainGirls - August 10th at 1 pm ET

Twitter avatar for @manasilvora
Manasi Vora ☀️🍃 @manasilvora
Come join @BlockchainGirls for an @AaveAave deep dive with @A_BertoG next week! We will geek out on how AAVE works behind the scenes and the risk frameworks. cc @irene_fucile @ThessyMehrain @VidiellaLaura meetup.com/women-in-block…
Twitter avatar for @A_BertoG
⍺ALΞX ₿erto G 🦇🔊 @A_BertoG
Excited to give an @AaveAave Deep Dive for @BlockchainGirls 💃 It’s so good to see more and more women joining the space! Diversity = 🚀 If you are wanna take the leap also check out @metagammadelta DAO https://t.co/I880KIKeh7
11:15 PM ∙ Aug 4, 2021
12Likes4Retweets

ETH Lisbon and rAA-VE II. Who is booking flights?

Twitter avatar for @StaniKulechov
stani.eth 👻 🐻‍❄️🦇🔊 @StaniKulechov
rAAVE II - stay tuned
Twitter avatar for @ETHLisbon
ETHLisbon @ETHLisbon
BREAKING NEWS 🚨 The rumors are true - the ETH Lisbon #hackathon is officially BACK ON. 📌SAVE THE DATE: October 22-24, 2021 ⚡️Register NOW on https://t.co/GQsKdKWpWB before it’s too late! Portugal, are you ready to build on #ethereum? Mal podemos esperar 🤩🇵🇹 #ETHLisbon
4:13 PM ∙ Aug 7, 2021
176Likes13Retweets

Stani will be speaking at:

  • Mainnet 2021 by Messari - September 20th to 22nd

  • Token2049 London - October 7th to 8th

Aavengers in the wild 🎙

Defi mass adoption. An Aave News would not be complete without a Stani podcast, this week a conversation from Ledger.

Twitter avatar for @Ledger
Ledger @Ledger
This week, On the Ledger explores #DeFi and the #crypto economy through one of 2021’s greatest DeFi success stories, @AaveAave. Founder and CEO of Aave, @StaniKulechov, and Ledger’s Head of Coin Integration @SnearK6 discuss the challenges facing DeFi mass adoption. (1/2)
Image
4:16 PM ∙ Aug 3, 2021
63Likes8Retweets

Water cooler 🆒

ETH for gas. Stani put the team on his back when just a day after suggesting the idea to "give gas grants to universities and protocol politicians to lower the barrier on participating actively in Aave governance", he took the initiative to fund and execute the transactions himself. Stani just out here building the future of France one tx at a time.

Learn more and join the AGD community:

  • Browse RFPs.

  • Chat with the community on Telegram.

  • Join the governance forum.

  • Learn more about AGD.

  • Subscribe to Aave News:

Aave News

a recap of the latest from the Aave ecosystem, brought to you by the Aave Grants DAO

Feedback? DM @0xbilll.

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Aave News: Gelato Summer, 🦙, AMPL Revamp, and BOND ❌

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