Aave News: Harmony Exploit Update, Sigma Prime Snapshot, Paris rAAVE & More

A recap of the Aave ecosystem, June 20th to June 26th 2022

Jun 28, 2022

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.

AAVE Arc Capital Efficiency Improvements:

Details can be found in this AIP

Gauntlet’s proposal to increase capital efficiency for the AAVE Arc market (AIP-84) has reached quorum (unanimous YAE vote) and has been executed. USDC Loan to Value has been increased from 85.5% to 87.5%, and USDC Liquidation Threshold has been increased from 88% to 90%.

Protocol 📰

Aave Weekly is back (s/o @0x3Step)! Check out the weekly metrics report covering protocol liquidity, income and other performance metrics for V2
Harmony Horizon bridge exploit. Consequences to Aave V3 Harmony | bdglabs provides context on the recent hack, how it impacted Aave, potential actions to consider and next steps

Ecosystem 🧉

Join the next Aave Grants community call this Wednesday to hear from Stani, Gauntlet, bgdlabs, Minke, Atlendis Labs, Lyra Finance and others 👀
Congrats to the DAO NYC team for throwing an awesome event - s/o to @HelloShreyas @francisgowen & @aIekslarsen for representing Aave Grants!
There are only a couple more days to win up to $10k with Certora’s community grants for verifying the Aave protocol
Thanks to Gitcoin for running another successful round of public goods funding! We're proud to have supported GR14's crypto advocacy cause round 👻🤖🌍