Aave News

Share this post

Aave News: Updates Abound - Paris, AMPL, PAX, and Liquidity Mining

aavenews.substack.com

Aave News: Updates Abound - Paris, AMPL, PAX, and Liquidity Mining

A recap of the Aave ecosystem, July 19th to July 25th 2021

Aave Grants DAO
Jul 26, 2021
Share this post

Aave News: Updates Abound - Paris, AMPL, PAX, and Liquidity Mining

aavenews.substack.com

Welcome to Aave News 👻 Delivering the News News on AaveAave.

Keep reading for coverage on: Aave Grants DAO Update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️ , New market watch 💹 , Mark your calendar 📆 , Aavengers in the wild 🎙 , and Water cooler 🆒

Aave Grants DAO Update 🏗

This Thursday. The next AGD Community Call will be hosted on Twitter Spaces at 4pm UTC, July 29th. Hopefully you can drop in! We have an awesome agenda lined up including updates on high priority unanswered RFPs from @AaveGrants, the liquidity mining program from @ParaFiCapital, $AMPL being added to Aave v2 from @AmpleforthOrg, and four AGD recipients - @DeFiAlliance, @SymphonyFinance, @FlipsideCrypto, and @Boardroom_info.

State of the protocol 📰

New standard. At EthCC, @lemiscate unveiled the Aave cross-chain governance bridge. This will enable Aave governance on Ethereum to control the markets on Polygon and other networks as they launch. The code could become the standard for cross-chain governance that other protocols fork and adopt.

Twitter avatar for @StaniKulechov
stani.eth 👻 =(⬤_⬤)= 👻 🦇🔊 @StaniKulechov
Latest innovation from @AaveAave: cross-chain governance that you can fork and use in your own project if you are building cross chain composability
Twitter avatar for @lemiscate
Marc '22 Billy' Zeller (3,3) 🦇🔊 @lemiscate
Introducing cross-chain governance bridges. You voice shall be heard from anywhere there's @AaveAave. https://t.co/StVAddYT6K https://t.co/kBRyrkzZPv
12:02 PM ∙ Jul 22, 2021
163Likes11Retweets

More metrics. Check out:

  • Which assets are currently being borrowed from @TokenTerminal

  • Protocol performance metrics from @A_BertoG

  • Growth metrics including usage, volume, economics, segment behaviour, and staking info from @OmniAnalytics

  • Voting and governance metrics from @Boardroom_info

Ecosystem 🧉

DeFi Alliance heating up. The @DeFiAlliance officially welcomed @0xPolygon and AGD to their Ecosystem Partnership Program. Startups focused on building in the Aave ecosystem will receive support including at least two projects that are AGD recipients. Any interested teams can apply for the next cohort before August 11th.

Twitter avatar for @AaveGrants
Aave Grants DAO @AaveGrants
We couldn’t let @0xPolygon have all the fun We are equally thrilled to be supporting DeFi Alliance and joining their Ecosystem Partnership Program Another reason to keep a close eye on the next cohort 👀👀
Twitter avatar for @defialliance
DeFi Alliance @defialliance
1/6 DeFi Alliance is thrilled to welcome @AaveGrants to our Ecosystem Partnership Program to support a specialized track in the next cohort of our Accelerator program designed to foster development on top of Aave. Apply here: https://t.co/J4Zpjw9Fp4 https://t.co/BxkaUuR0ru
3:33 PM ∙ Jul 21, 2021
27Likes3Retweets

Good Ghosting. If you were one of the 300 people who jumped into the @goodghosting saving pool in honour of EthCC, be sure to make your next deposit this week! The pool is now full so if you missed this one look out for new pools soon.

Aave Memes. Every week there is a new theme and fresh pool of $850 awarded to the top three memes. Follow @AAVEMemes to be the first to know the theme and to see the winners each week.

Governance ⚖️

3 AIPs, 3 Yaes. It was a busy week in the governance portal with three AIPs moving to on-chain vote. Each proposal met quorum and passed, resulting in AMPL and PAX being added to Aave v2 and the liquidity mining program being renewed for four weeks.

  • AIP 12: Adding AMPL on AAVE | Governance forum post - The OG algorithmic stablecoin community showed up to vote with 77 unique addresses helping to move the proposal past the finish line. AMPL will be added to Aave with 0% LTV which reduces the initial risk to the protocol.

Twitter avatar for @brandoniles
brandoniles @brandoniles
The vote to add AMPL as a borrow asset to Aave is now live! Here’s why we think this is a benefit for the Aave platform, and transformational for the DeFi ecosystem. Thread below 👇
10:19 PM ∙ Jul 21, 2021
133Likes50Retweets
  • AIP 24: Add PAX to Aave V2 | Governance forum post - Paxos Standard (PAX), a regulated USD-backed stablecoin, has been added to Aave V2. PAX will also have a 0% LTV to start.

  • AIP 25: Extend Liquidity Incentives for Aave v2 | Governance forum post - stkAAVE will continue to be distributed in the same manner as the initial liquidity mining program for four weeks. This will give the community enough time to debate what a new proposal should look like. Join the conversation.

AMM Market Rebirth. @The3D_ made a proposal to renew the AMM Market assets by adding LP shares from Balancer V2. Although low total voting power, 89 Aavengers showed their support on a Snapshot vote that ended yesterday. Updating the AMM Market should attract new assets and will hopefully kickstart a new phase of growth for the market.

New market watch 💹

AMPL and PAX. Welcome $aAMPL and $aPAX to the Aave v2 market 👋 The AMPL market is live and the PAX market will go live soon.

Twitter avatar for @AmpleforthOrg
Ampleforth #AMPL @AmpleforthOrg
Prepare yourselves... $aAMPL is coming!
Image
10:59 PM ∙ Jul 23, 2021
240Likes72Retweets

DPI. After an ARC to add DPI and a positive Snapshot vote last week, it is clear there is support from the community to bring DPI to Aave. Currently, there is conversation whether DPI should be added to the AMM Market or to Aave V2 which has interesting implications for creating a DPI2x-FLI product. Catch up with the conversation and add your thoughts to the post.

Mark your calendar 📆

AGD Community Call Three - July 29th at 4pm UTC on Twitter Spaces

Stani will be speaking at:

  • SmartCon by ChainLink - August 5th to 7th

  • Mainnet 2021 by Messari - September 20th to 22nd

  • Token2049 London - October 7th to 8th

Aavengers in the wild 🎙

NFTs as collateral. Stani started last week by joining Staking Mondays for a round of Q & A. Highlights include how Stani invests in Web3, how Aave’s staking module protects users, the end goal for the Aave team, and whether Stani was serious when he said that Aave would build Twitter on Ethereum. Listen for Stani's answer about the future of NFTs as collateral 👇

Twitter avatar for @StakingRewards
Staking Rewards @StakingRewards
Missed Staking Mondays this week with @StaniKulechov? Listen here to see how @AaveAave are exploring using NTFs as collateral👀 Full episode👇 youtube.com/watch?v=eFjimv… $AAVE #NFTs @AaveAave x @StakingRewards
Image
9:48 AM ∙ Jul 23, 2021
14Likes6Retweets

Credit delegation 101. How can liquidity from DeFi be brought to the real economy? Stani took the stage at EthCC to explain the huge impact credit delegation can have by unlocking opportunities for builders to bring DeFi liquidity to the real economy.

Put simply, “Credit delegation allows for Aave depositors to delegate some or all of their ability to borrow against their collateral to another third party.”

Highlights and timestamps of topics covered:

  • Evolution of the space from the first time Stani was at EthCC in 2017 to DeFi's current focus on capital efficiency.

  • Examples of how DeFi liquidity can be used in the IRL economy.

  • Two experiments with credit delegation that Aave has run with DiversiFi and Yearn's yaLINK vault.

  • How credit delegation can create off-chain debt markets and a trust layer on top of DeFi that can aggregate capital to opportunities in the real economy.

  • How credit delegation can be useful:

    1. Under collateralized loans. Smart contracts act as a vault that Aave users can choose to deposit to for additional yield (a premium on top of the variable rate). Vault owners could be reputable entities or they could be secured by collateral that isn’t accepted in the Aave protocol 👀

    2. Reputation-based to trusted ENS Domains. A DAO could give users credit based on their ENS Domain and reputation. The members of the DAO could determine the creditworthiness and terms for each borrower.

      DeFi needs to abandon the idea that you cannot have a relationship if there is no collateral or no legal recourse. "For this model to work you need to be optimistic.”

    3. Delegate to smart contracts. Simplest use case for protocols like yield aggregators.

  • Calling all builders to apply for a grant from us if you want to tackle anything Stani mentions (there are also open RFPs). Someone, please save Stani from having to interact with Etherscan directly.

  • Stani demonstrated the process of getting an under collateralized loan by delegating a debt position and then borrowing with the collateral from another account. Warning: DeFi degen testing in prod.

Water cooler 🆒

Ghost score. A credit score based on your Aave activity? Great opportunity for a keen builder to apply for a grant from AGD.

Twitter avatar for @santiagoroel
SantΞago R Santos 🦇🔊 @santiagoroel
Idea: borrowers that keep a healthy health score on @AaveAave get minted credit score points they could use to borrow at a lower rate or get undercollateralized loan w/ favorable repayment terms (no liq risk). Incentivizes healthy borrowing habits too 👻 h/t @StaniKulechov
9:31 AM ∙ Jul 21, 2021
591Likes24Retweets

👻 > 🐦 . If you're curious to hear more details about Aave building a decentralized version of Twitter, be sure to catch this episode of @modern_fi when it drops.

Twitter avatar for @kevinrose
KΞvin R◎se @kevinrose
The rumors are true, @AaveAave building a decentralized Twitter. This interview w/ @StaniKulechov coming next week on @modern_fi!
Image
12:28 AM ∙ Jul 23, 2021
396Likes64Retweets

New app. The Aave team is growing to build an app. All eyes will be watching what they focus on, whether it is a front end for DeFi, a social media app, a combination of the two, or something else big-brained.

Twitter avatar for @lemiscate
Marc '22 Billy' Zeller (3,3) 🦇🔊 @lemiscate
@gabrielhaines @AaveAave Yep.
7:35 AM ∙ Jul 25, 2021

Aave News out, bring on a great week.

Please direct all feedback and requests to @0xbilll!

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/aavegrantsda

  • Join the governance forum: https://governance.aave.com

  • Learn more about AGD: https://aavegrants.org or aavegrants@gmail.com

  • Subscribe to Aave News: https://aavenews.substack.com

Share this post

Aave News: Updates Abound - Paris, AMPL, PAX, and Liquidity Mining

aavenews.substack.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Aave News
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing