Aave News: GHO is a Go, AGD Update including Recent Grantees & More
Aave News: GHO is a Go, AGD Update including Recent Grantees & More
A recap of the Aave ecosystem, July 25th to July 31st 2022
For anyone who follows us in the Lensverse, including: Protocol 📰 | Ecosystem 🧉 | Risk 🔎 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Protocol 📰
The community voted to launch GHO, an over collateralized stablecoin that will be native to the Aave protocol. Look out for a proposal on the genesis parameters coming soon
Llama shared May and June financial statements for the protocol including a breakdown of treasury assets on all v3 chains
After a vote by governance, the Guardian has frozen all of the assets on Harmony. This means that users will no longer be able to deposit, however withdrawals are still enabled
Ecosystem 🧉
Migi from Aave Grants shared an August update that highlights recent grantees, progress this quarter, and how to get involved. Congrats to all the recent grantees! 👻
Thank you to all of our speakers and for everyone who tuned into our July community call. Mark your calendar for the next one on August 24th
Stani chatted with DeFi Dad on building for the first billion users in Web3 & with Bankless about why GHO is the next big stablecoin
Risk 🔎
Check out the AAVE V2 Risk Dashboard and AAVE Arc Risk Dashboard by Gauntlet.
For more details on how Gauntlet manages market risk for AAVE, please see Gauntlet’s Parameter Recommendation Methodology and Gauntlet’s Model Methodology.
Risk-Off Framework:
Details can be found in this Snapshot vote
To achieve sustainability, Aave must combine value creation under favorable market conditions with the protection of itself and its users when conditions become unfavorable. Over the last several weeks, Gauntlet has collaborated with BGD Labs, Llama, Governance House, and other community stakeholders to align on how to most effectively serve the protocol regarding the tradeoffs between value creation and protection. In particular, it is important that the community explicitly aligns on a desired maximum reduction to liquidation thresholds per AIP because there are tradeoffs, as described in the forum post.
The Snapshot vote has now concluded. A total of 2,575 accounts have voted. Results below:
3%: 466K AAVE (99.64% of votes)
1%: 1.1K AAVE (0.24% of votes)
Abstain: 249 AAVE (0.05% of votes)
2%: 210 AAVE (0.04% of votes)
0%: 135 AAVE (0.03% of votes)
Governance ⚖️
On-chain votes:
Snapshot votes:
Greenlight for GHO | Governance discussion | ✅ YAE 501k AAVE (99.99%)
ARC: Extend the Safety Module Protection to Aave V2 Polygon | Governance discussion | ✅ YAE 151k AAVE (77.9%) & ❌ NAE 43k AAVE (22.1%)
ARC: Extend the Safety Module Protection to Aave V2 Avalanche | Governance discussion | ✅ YAE 151k AAVE (58%) & ❌ NAE 109k AAVE (42%)
ARC: Extend the Safety Module Protection to Aave V2 Arc | Governance discussion | ✅ 428k AAVE (96.4%)
ARC: Add support for BTC.b (Native Bitcoin bridged to Avalanche) | Governance discussion | ✅ 201k AAVE (100%)
Risk-Off Framework for the Aave Protocol | Governance discussion | 3️⃣ 3% 466k AAVE (99.6%) | See more in Risk 🔎
Aave Governance. Adjust Level 2 requirements (long executor) | Governance discussion | For 325k AAVE (99.9%)
[ARC] Increase Supply Cap of sAVAX on v3 Avalanche (Fast-track) | Governance discussion | ✅ Yes 208k AAVE (99.9%)
Other discussions from the forum:
Events 📆
ETH Mexico - August 19 - 21 → apply to be a hacker!
Aave Community Call - August 24
Hey Anon 👻
Hey Anon, would you?
