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Aave News: Governance Rewards, Post-mortems, and Request for Comments ⚖️👻🗣
A recap of the Aave ecosystem, August 9th to August 15th, 2021
Welcome to Aave News 👻 A weekly digest to keep you updated with the ecosystem. Now featuring Request for comments 🗣, a section highlighting active Aave Request for Comments (ARC) to amplify awareness of governance conversations and encourage participation.
Keep reading for coverage on: Aave Grants DAO update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️ , Request for comments 🗣, New market watch 💹 , Mark your calendar 📆 , Aavengers in the wild 🎙 , and Water cooler 🆒
Aave Grants DAO update 🏗
SafeGuard by Tally is having an audit completed by OpenZeppelin for their governance lego tool for DAOs.
AMA with Flipside. Analytics and bounties for Aave are coming to @flipsidecrypto and @GJFlannery19 is joining us on Tuesday to break it all down. Set a reminder and share any questions you want asked.
Governance rewards. We are excited to start the process of rewarding active governance participants. Thank you and congrats to the first eight governance users who have received an Aave reward 👻🥳
State of the protocol 📰
Metrics. To dig into the protocol beyond top line metrics like TVL, explore:
Attention Cono Finance users. Follow the prompts to upgrade your position to ensure Gelato bots protec you.
Rabbit come and go. The latest quest from RabbitHole and accompanying 1500 rewards for Aave's Polygon were gobbled up by eager Aavengers. Turn alerts on so you don't miss the next one 🔔
AIP-23 and AIP-29 deep dive. @NateParton from Tally provides a recap of the contentious governance votes to add BOND as collateral to Aave V2, and to hire Gauntlet for continuous risk monitoring and parameter change recommendations.
Request for comments 🗣
In an effort to better keep the Aave community informed of ongoing discussions in the governance forum, Aave News is adding a Request for comments 🗣 section.
Governance ⚖️ will focus on AIPs and changes to the governance process and tooling. Request for comments 🗣 will highlight active ARC in the governance forum. An ARC is an 'Aave Request for Comments' where the community is asked for their input on a potential governance proposal. An ARC is the first step in having an idea implemented in the protocol.
What else can we do to better keep the community aware of and engaged with governance discussions?
The following ARC have recently had active back and forth:
Add support for $FEI as a deposit currency | @joey__santoro is continuing the discussion including around seeding the market with 25 million FEI, changing the interest rate parameters, and potentially adding TRIBE incentives.
Aave Centrifuge Permissioned “RWA” Market Proposal | @Centrifuge is proposing to create a new permissioned Aave market for real world assets.
Add support for DeFi Pulse Index (DPI) | @AlphaLemonade originally proposed adding DPI to Aave V2 in April. Discussion has continued since then, including questions around the multisig and permissions for minting new DPI.
Provide better oracle mechanism for correlated assets | Governance user, pakim249, proposes using multiple price feeds for highly correlated assets to reduce the risk of unnecessary liquidations.
Sell Longs Through Aave | Governance user, ControlCplusControlV, proposes increasing the utilization of stablecoin pools by leveraging DeFi and allowing users to long the underlying asset.
New market watch 💹
AMPL revamp response. The AMPL market seems to have responded positively to two AIPs that tweaked the parameters with utilization decreasing from ~100% to ~69%.
Mark your calendar 📆
Double feature this Tuesday, August 17th
1pm EST/4pm UTC: @Chainyoda on a panel to discuss 'How embracing DeFI is unlocking value for Institutions'
#ETHOnline by ETH Global is coming September 17th to October 15th
Stani will be speaking at:
Mainnet 2021 by Messari - September 20th to 22nd
Wyoming Blockchain Stampede - September 21st to 26th
Token2049 London - October 7th to 8th
Aavengers in the wild 🎙
Water cooler 🆒
ASMP ASAP pls. The more Stani hints at the functionality of Aave's social media protocol (ASMP), the more I want it ASAP.
BSC fork. As @lemiscate says "You can't fork a community. But you should try to fork good safety practices."
Learn more and join the Aave Grants community:
Chat with the community on Telegram: https://t.me/aavegrantsda
Join the governance forum: https://governance.aave.com
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