Aave News: Win $5k with Minke, May Grantees, BGD Funded, $sUSD and $sAVAX on V3 & More
A recap of the Aave ecosystem, May 2nd to May 8th
For anyone who is still thinking about Amsterdam, featuring: Spotlight 🔦 | Risk 🔎 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Spotlight: Minke 🔦
Aave grant receivoor Minke have launched their app on the iOS app store! With Minke, you can buy USDC in 3 clicks with Apple Pay and start saving with Aave in 3 clicks. Download the app and experience DeFi like you never have before with an entirely gasless experience on Polygon.
Minke are running a launch competition - all top ups of $100 or more in May are entered into a draw to win $5000 USD paid in $AAVE 👻 🌊
In case you haven’t seen it, check out the Aave Risk Dashboard by Gauntlet at gov.gauntlet.network/aave. 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 Parameter Updates:
Details can be found in this ARC
A proposal to adjust nine (9) total risk parameters, including LTV, Liquidation Threshold, and Liquidation Bonus across five (5) Aave V2 assets.
This set of parameter updates seeks to maintain the overall risk tolerance of the protocol while making risk trade-offs between specific assets. Gauntlet’s parameter recommendations are driven by an optimization function that balances 3 core metrics: insolvencies, liquidations, and borrow usage. Parameter recommendations seek to optimize for this objective function. Gauntlet’s agent-based simulations use a wide array of varied input data that changes on a daily basis (including but not limited to asset volatility, asset correlation, asset collateral usage, DEX / CEX liquidity, trading volume, expected market impact of trades, and liquidator behavior). These simulations tease out complex relationships between these inputs that cannot be simply expressed as heuristics.
The on-chain vote to fund BGD has been executed - read a summary of what BGD has planned for the next weeks and months that they shared on the governance forum. Protocol development secured frens 🤝
Congratulations and welcome to the Aave grants fam: Minke, Trill, Aave Weekly Newsletter Automation, Brew, Lyra Finance, Greek Community, Aave Borrowing Strategies, Projection Finance, BattleBrains, Orange Protocol, Dune Analytics, LiV & Nakji - take a peek at what each grantee is building 👻
Aave Grants is looking to hire an Event Coordinator, Marketing Manager, & Reviewer (x3) to help bring Aave Grants to the next level as we continue growing a thriving ecosystem of builders - apply now 🏗
Listen to a recording of Corbin Page on Voltz’s Twitter Space discussing ‘Building Yield Applications in DeFi’ and the HackMoney hackathon 🚀
Catch up on the last month from Increment including a recap of their beta program, Amsterdam and more 💹
Aave Arc Market - Update Asset Listing Risk Parameters | Governance discussion | 🗳 Vote until May 12th
Approval of BGD contribution to Aave | Governance discussion | ✅ Executed
Should nine (9) total risk parameters across five (5) Aave V2 assets be updated? | See more in Risk 🔎 | 🗳 Vote until May 10th
ARC: Enable sUSD as Collateral on AAVE V3 on Optimism with a 10 million sUSD Supply cap | Governance discussion | 🗳 Vote until May 11th
ARC - Strategic Partnership with Balancer Part #2 | Governance discussion | 🗳 Vote until May 11th
ARC: Whitelist Connext for V3 Portals | Governance discussion | 🗳 Vote until May 12th
Add support for sAVAX (BENQI Liquid Staking AVAX Token) on AAVE v3 | Governance discussion | ✅
[ARC] Supply/borrow cap framework Fast track framework | Governance discussion | ✅
Other discussions from the forum:
ARC: Add support for StakeWise’s permissioned staked ETH token (psETH) to Aave Arc
HackMoney - May 6 -27
'Developers Guide to the Aave Protocol’ - May 11th at 5:30 EST
Get Nauti at Permissionless - May 16
Permissionless - May 17 - 19
EthCC - July 19 -22
Hey Anon 👻
Wdyt about Aavenomics v2?