Aave News: Guardians, Avalanche, rAAVE II, and AAVE Card 💳
Aave News: Guardians, Avalanche, rAAVE II, and AAVE Card 💳
A recap of the Aave ecosystem, September 20th to September 26th 2021
Were you busy making IRL memories in NY and didn't keep up with Aave? No sweat, Aave News has you covered with highlights from Aave Weekly ⚡️, Aave Grants DAO update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️, Mark your calendar 📆 , and Water cooler 🆒
Aave Weekly ⚡️
Aave News is now the home of the Aave Weekly Newsletter to bring readers insights on protocol liquidity, income and other performance metrics.
The Aave Protocol closes week 39 of 2021 with $23.5 billion of liquidity:
44.1% Utilisation, generating $9.5m of estimated interest for depositors
$150.8m of Flash Loan volume, generating $128k of fees for depositors
$23.3m liquidated, generating $1.8m of fees to liquidators
$1.1m for the ecosystem collectors now holding $21.9m
$12.5m generated by the protocol this week
With an additional $4.5m $StkAAVE & $2m $WMATIC distributed
*at the weekly close price
Protocol Liquidity
Protocol Usage
Safety Module
You can download the Aave Weekly pdf from the governance forum.
Aave Grants DAO update 🏗
Aave Grants DAO Summit. Join an exploration of the Aave Grant DAO ecosystem as a part of ETH Global on September 30th. The summit features three sessions, including:
How to Successfully Receive a Grant from Aave with Shreyas Hariharan and Imran Khan
Aave Grant's Ecosystem of Builders with DeFi Alliance, Omni Analytics, Gelato, Tally, Llama, and Rabbithole
Introduction to DeFi Grants with Boris Stanic, Rebecca Rettig, Calvin Liu, and Robert Leshner
State of the protocol 📰
New guardians. The process to find and elect a new set of ten Guardians is underway. Aave Guardians were established with the launch of Aave V2 to provide extra protection against potential governance takeovers by centralized actors (good overview). The process to elect a new group is being sped up to get them in place ahead of the deployment on Avalanche.
Shoutout to all the community members who raised their hands to be Guardians. Vote now from the list of nominations and have your say on who should be an Aave Guardian.
Ecosystem 🧉
Jamming. This week, Stani hosted a 2 hour conversation on Twitter Spaces to encourage more builders to come to Web3, $TRIBE incentives were added to borrowed $FEI on Aave, and grantees continued to build.
As usual, Flipside has readers covered with new bounties if you want to dive into data and earn $AAVE.
Keep your eye on Sacred Finance, which will allow Aave users to earn yield and transact privately. They are launching their testnet on Ethereum the first week of October 👀 Share any technical feedback as part of their bug bounty program and if you have questions about the protocol join the Sacred Discord ❤️
Governance ⚖️
On-chain votes:
Snapshot votes:
Aave Guardian Update | Governance discussion | Voting open until Tuesday at 10:20 UTC
Do you approve the list of initial assets and configurations for the Aave deployment on Avalanche? | Governance discussion | ✅ 226.71k AAVE Yes & ❌ 19.6 AAVE No
Add V2 Market assets to Polygon Market | Governance discussion | ✅ 3.82k AAVE Yes & ❌ 0.15 AAVE No
Other discussion
Gauntlet launched their Aave Risk Dashboard to help the community understand their methodology and recommendations, and how they help reduce risk
A new proposal from @hilmarxo to Add Gelato’s G-UNI ERC20 Uniswap v3 positions as collateral to Aave’s AMM market
Read the Tally newsletter for a look at how the Fei team leveraged their $INDEX stake to get the necessary proposition power to submit the proposal to have $FEI listed
Mark your calendar 📆
Maximizing Your DeFi with Avalanche Rush - Wednesday 29, September 2021 at 10am ET
Aave Grants DAO Summit - September 30th from 12:30 EST
Stani will be speaking at
Token2049 London - October 7th to 8th
ETH Lisbon - October 22nd to 24th → now officially featuring rAAVE^2 on October 24th
Water cooler 🆒
WEN. It is tough to keep track of all the project the Aave genesis team has brewing. Pure speculation and likely some overlap...
[REDACTED]. Is this different from "project [x]"?
Cross chain bridge - @daveytea lays our a solid vision of what could be
What are you most excited for, anon?
👻👻👻👻👻
That’s a wrap. What was missing from this newsletter? DM @0xbilll. Thanks to @CryptoDatanut for the cover photo 🙌
Learn more and join the AGD community:
Browse RFPs: https://aavegrants.org/Request-for-Proposals-160203ba5d1746daae31588924a6680a
Chat with the community on Telegram: https://t.me/aavegrantsdao
Join the governance forum: https://governance.aave.com
Learn more about AGD: https://aavegrants.org
Subscribe to Aave News: