Aave News: Ghosts in Paris, GHO, JustCause Spotlight + Ecosystem and Governance Updates 🇫🇷👻

A recap of the Aave ecosystem, July 4th to July 17th 2022

For anyone who is getting ready to rAAVE in Paris 🇫🇷 featuring: Spotlight 🔦 | Risk 🔎 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻 

Spotlight: JustCause 🔦

If you are a non-profit, DAO, or charitable organization in need of funding, check out and apply for JustCause’s Verified Pool to receive funding from their pilot program. JustCause is a crowdfunding platform that leverages the power of DeFi to fund public goods & charitable organizations. Be sure to follow @JustCauseDev on Twitter so you don’t miss any updates 👻

Risk 🔎

In case you haven’t seen it, check out the AAVE V2 Risk Dashboard by Gauntlet at gov.gauntlet.network/aave.  Gauntlet has also launched the AAVE Arc Risk Dashboard. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.

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 forum post

To achieve sustainability, Aave must combine value creation under favorable market conditions with 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. To facilitate community feedback, a Snapshot vote will be published on Thursday, July 21, and voting will begin the day after. 

Protocol 📰

Ready, Set, GHO | Aave Companies shared a proposal to launch a native stable coin that would be fully collateral-backed and pegged to USD. Learn more in the governance post or Messari’s Governor Note 🚀

Ecosystem 🧉

• EthCC. We are excited to be sponsoring EthCC this week! Come meet some ghosts 👻

  AaveGrants.lens @AaveGrants

  gm Paris, here are a few places you’ll see @AaveAave fam @EthCC: - Sharing alpha, POAPs & swag at the Aave Grants booth 👀 - Watching Stani & Rebecca & on the mainstage 👻 - Hearing inspiring leaders at Le Womxn in Web3 Brunch ✨ - Dancing @letsraave 🪩 Join us 👇

• GR14 Recap. Gitcoin shared a recap of their latest round, including the Crypto Advocacy Cause Round we supported 🤖

  

• Decentralized grants pilot. Questbook, an on-chain grants management tool and Aave grant recipient, shared a proposed to use $25k from the funding they received to run a pilot program to showcase the utility of their decentralized grants tool

• DeFi credit score. Read about the first credit score for DeFi by early AGD grant recipient, Cred Protocol. The credit score is built off of historical data from Aave V2 and contains 360M observations to predict the probability that an account's position will be eligible for liquidation (HF < 1) in the 90 days after it is opened

• New portfolio tracker. Check out Merlin, who integrated Aave positions into their DeFi portfolio tracker

Governance ⚖️

On-chain votes:

• Aave <> Starknet - Phase I (Part 2) | Governance discussion  | ✅ 341.95k YAE (100%)

• Sigma Prime - Security Assessment Services for Aave | Governance discussion | Snapshot | ✅ 433.55k YAE (100%)

• Strategic Investment Part 1 - BAL <> AAVE Token Swap | Governance discussion | ✅ 396.23k YAE (100%)

• Bounty to Hacxyk for fallback oracle misconfiguration | Governance discussion | ✅ 362.19k YAE

Snapshot votes:

• Aave V3 Harmony - Freeze Reserves | Governance discussion | 🗳 Vote until July 18th

• UI/UX upgrade governance framework | Governance discussion | ✅ 40k AAVE (100%) YAE

• Enable agEUR as a collateral in isolation mode on V3 on Polygon | Governance discussion | ✅ 37k AAVE (100%) YES

• ARC: Add support for LUSD (Liquity) | Governance discussion | ✅ 174k AAVE (94.5%) YES & ❌10k AAVE (5.5%) NO

• Revised ARC: Add 1INCH as collateral | | Governance discussion | ✅ 112k AAVE (100%)

• ARC: Add 1INCH as collateral | Governance discussion | ✅ 93k AAVE (82.2%) YES & ❌19k AAVE (16.4%) NO

• Add Reserve Rights (RSR) as a borrowable asset | Governance discussion | ✅29k AAVE (70.4%) YES & ❌ 12k AAVE (29.35%) NO

Other discussions from the forum:

• Delegation Introduction: Lucas Vogelsang (lucasvo.eth) | An introduction from the confounder of Centrifuge expressing interest in being a delegate in Aave governance

• Certora Continuous Formal Verification Report June 2022 | Updates from Certora including verification of governance crosschain bridges, community verification of AStETH, and how to learn about their latest grant announcements

• ARC: Add WOO as a collateral & borrow asset

• ARC: Add TORN (Tornado Cash DAO Token)

• Penn Blockchain Delegate Platform | An overview of the student run Penn Blockchain DAO and a running thread of their opinions on different governance proposals and votes

• Risk-Off Framework for the Aave Protocol |

• Harmony Horizon bridge exploit. Consequences to Aave V3 Harmony

• Proposal: Add support for rETH Token | Parameter recommendations suggested by Gauntlet

• RFC. Aave Governance. Adjust Level 2 requirements (long-executor)

• Proposal: Aave Risk DAO | An update from monet-supply and a request for anyone interested in leading a community risk management team to come forward

Events 📆

• EthCC[5] - July 19 - 22

• Le Womxn in Web3 Brunch - July 20th

• rAAVE - July 21st

• Aave Grants Community Call 10 - July 27th

• ETH Mexico - August 19 - 21

Hey Anon 👻

Do you believe in DeFi yet anon?

Andrew Keys @AndrewDARMACAP

The fact that @CelsiusNetwork is paying back @AaveAave @compoundfinance and @MakerDAO before humans should explain smart contracts to humanity.