Aave News: July Community Call, Extend Safety Module Protection, 1INCH AIP & More

A recap of the Aave ecosystem, July 18th to July 24th 2022

For anyone who can’t wait for portals to take off: Risk 🔎 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻

Risk 🔎

Check out the AAVE V2 Risk Dashboard and AAVE Arc Risk Dashboard by Gauntlet. 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 Snapshot vote

To achieve sustainability, Aave must combine value creation under favorable market conditions with the 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 is currently live for voting. Voting ends on July 29 at 9 PM PT.

Protocol 📰

• Snapshot votes are live to extend the Aave Safety Module protection to the Aave V2 Polygon, Avalanche and Aave Arc

• Llama joined Lucas from Centrifuge and Penn Blockchain with sharing an introduction as a trusted delegates on the governance forum

Ecosystem 🧉

• Join the July Aave community call featuring updates on GHO, updates from grantees: IndexZoo, Questbook and Soli.xyz and community updates from Bored Ghosts and Gauntlet

• 3SE Holdings and 0xbilll are proposing to claim LM rewards and send them to Aave Grants DAO to distribute as ecosystem grants

• Listen to a recording of Stani discussing DeFi Growth on L2s with Blockworks

• Aave Grantee, Minke is now live on Android - they’re the most intuitive gas free crypto wallet on Polygon and easiest way to start saving with Aave

• Check out the latest version of Projection Finance to simulate actions in v3, including price and APY variations

• Aave v3 has been deployed on the Goerli testnet & the new Optimism Goerli testnet for developers to continue testing

Governance ⚖️

On-chain votes:

• Add 1INCH to Aave v2 market | Governance discussion | 🗳 Vote until July 29th

Snapshot votes:

• ARC: Extend the Safety Module Protection to Aave V2 Polygon | Governance discussion | 🗳 Vote until July 31st

• ARC: Extend the Safety Module Protection to Aave V2 Avalanche | Governance discussion | 🗳 Vote until July 31st

• ARC: Extend the Safety Module Protection to Aave V2 Arc | Governance discussion | 🗳 Vote until July 31st

• ARC: Add support for BTC.b (Native Bitcoin bridged to Avalanche) | Governance discussion | 🗳 Vote until July 30th

• Risk-Off Framework for the Aave Protocol | Governance discussion | 🗳 Vote until July 29th

• Aave Governance. Adjust Level 2 requirements (long executor) | Governance discussion | 🗳 Vote until July 27th

• [ARC] Increase Supply Cap of sAVAX on v3 Avalanche (Fast-track) | Governance discussion | 🗳 Vote until July 27th

• Aave V3 Harmony - Freeze Reserves | Governance discussion | ✅ 113k AAVE (99.9%)

Other discussions from the forum:

• ARC: Add OP as Collateral to AAVE v3

• ARC: Add WOO as a collateral & borrow asset

Events 📆

• Aave Grants Community Call 10 - July 27th

• ETH Mexico - August 19 - 21

Hey Anon 👻

Hey Anon, did you capitalize on your time in Paris?

AaveGrants.lens @AaveGrants

Can confirm: Grantee @IncrementHQ took full advantage of their time in Paris - scored sick @AaveAave swag - closed down @letsraave - finished as a finalist at @EthCCHack for building Composable Interest-bearing Asset Swaps for pairs like yvUSDC/aETH Well done frens

0s @omurovec

@EthCCHack my team and I built an adaptation of the CryptoSwap2 pool that supports ERC-4626 This allows for *Composable Interest-bearing Asset Swaps on Curve* Think the aave pool on mainnet but across protocols and volatile assets (eg. yvUSDC/aETH) / https://t.co/R0ktkYoIDC