Aave News: Hack at ETHMexico, $OP Rewards, The Merge, Retroactive Funding for v3 & More
A recap of the Aave ecosystem, August 1st to 7th 2022
For anyone who would return funds for a rAAVE ticket, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Risk 🔎 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Spotlight: ETHMexico 🔦
Apply to hack during ETHMexico! Join us August 19th-21st for an IRL weekend hackathon located in the vibrant cultural hub of Mexico City. Experiment with web3 and explore all that Mexico has to offer with developers and creatives from around the world at one of the most exciting events yet.
What to expect:
💰Win $200k+ in prizes including up to $20k in Aave bounties
🧩 Learning opportunities like workshops on how to get started hacking on V3
🗺 Collaborate with top devs from Aave and other builders from around the world
🪙 Claim POAP Tokens to show off to your friends
Feeling Optimistic 👻 OP rewards are now live for borrowers and depositors on the Aave Optimism Market. 5mm OP will be distributed over the next 90 days
BGD shared a technical analysis of the impact The Merge will have on Aave. Read the overview thread or dive into the full governance post - “To summarize, we expect The Merge to almost not affect Aave's smart contracts…”
Aave Companies posted a proposal for the DAO to distribute retroactive funding for their work developing v3
Earn your slice of a $25k prize pool by taking a stab at Aave v3 bounties by MetricsDAO
Watch an intro video that explains what Aave is in a friendly and easily digestible way! Share it with someone who is new to the ecosystem to help them build their knowledge
Read Increments’ most recent newsletter which covers the status of their beta and takeaways from EthCC
Flipside is the latest contributor to post their delegate platform, joining Llama, Lucas from Centrifuge, and Penn Blockchain
Thanks to all of the shout outs from new grantees after we shared our August Aave Grants update last week. Congrats to all the teams, we’re stoked about what each of you are building!
Risk Parameter Updates:
Details can be found in this ARC
Gauntlet proposes adjusting seven (7) total risk parameters, including Liquidation Threshold and Liquidation Bonus across four (4) Aave V2 assets.
This batch update of risk parameters aligns with the Moderate risk level chosen by the Aave community. These parameter updates are a continuation of Gauntlet’s regular parameter recommendations. Our simulation engine has ingested the latest market data to recalibrate parameters for the Aave protocol. Please note that this set of parameter changes will be lowering liquidation threshold for CRV and ENJ. The community has aligned on a Risk Off Framework regarding lowering liquidation thresholds. An AIP will be published on 8/9/2022.
Aave V2 Parameter Changes Specification:
Risk Parameter Updates for Aave V2 (2022-08-03) | Governance discussion | 🗳 Vote until August 12th | See more in Risk 🔎
Community Guardian renewal | Governance discussion | 🗳 Vote until August 12th
[ARC] Aave V3 Fantom - Freeze reserves | Governance discussion | 🗳 Vote until August 11th
Parameter Change Disclaimer in Borrow User Interface | Governance discussion | 🗳 Vote until August 11th
Risk Parameter Updates for Aave V2: 2022-08-04 | Governance discussion | ✅ YAE 145k AAVE (99.96%) | See more in Risk 🔎
[ARC] Increase Supply Cap of sUSD on v3 Optimism to 20m (Fast-track) | Governance discussion | ⬆️ Increase sUSD Supply Cap to 20m - 196k AAVE (100%)
Other discussions from the forum:
ETH Mexico - August 19 - 21 → apply to be a hacker! (deadline: August 12th)
Aave Community Call - August 24
ETH Online - September 02 - 30 → apply to be a hacker
Hey Anon 👻
Hey Anon… with OP incentives live, wen $aOP?