AaveNews #63
AaveNews #63
Claim your reputation-based NFT from Orange Protocol & apply to lead events at AGD. Current votes include: ETHPoW Stance, Adding MAI and LUSD, Risk Updates, FEI Market Parameters & Converting aFEI.
For anyone tracking fees collected from v3, including: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Risk 🔎 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Spotlight: Orange Protocol 🔦
The Aave Grants DAO campaign to reward Aave community members and highlight use cases for portable reputation models is live. Check your eligibility and claim a reputation-based NFT: Aave Liquidity Provider, Aave Active Voter and Aave Community Champion.
Protocol 📰
Llama shared their July financial statements for Aave including a deep dive into the treasury holdings, Safety Module and Reserve Factor holdings.
In response to the proposal for Tribe DAO to enter a terminal state, Llama shared two proposals: one to disable Deposits, disable Borrowing and change the Liquidation Penalty to 0 for FEI on Aave v2, and the other to redeem all the aFEI in the treasury for FEI and then swap it for DAI . Both are now live for voting on Snapshot.
The vote for the Aave DAO to commit to selecting the Ethereum Mainnet running under the Proof of Stake consensus over any Ethereum fork is live for voting.
Aave Companies shared a summary of amendments to their proposal to receive retroactive funding for v3.
Ecosystem 🧉
Apply to be the Events Coordinator for Aave Grants DAO or share with someone you know!
Congratulations to everyone who participated in the ETHMexico Hackathon, big shout out to the Aave Grants DAO bounty winners: Short-Stop, Sticky App & APPrende.
Learn how to host your own version of the Aave frontend.
Risk 🔎
Asset Listing Framework:
Details can be found in this Snapshot
This Snapshot vote has established community consensus on whether:
New assets are not required to be listed with an initial LTV of 0%, or
New assets are required to be listed with an initial LTV of 0%.
The tradeoffs for these two options are explained in further detail in the governance forum post.
Risk Parameter Updates:
Details can be found in this AIP
AIP-94 is currently live for voting. Gauntlet proposes adjusting five (5) total risk parameters, including Liquidation Threshold and Liquidation Bonus across three (3) Aave V2 assets.
This batch update of risk parameters aligned with the Moderate risk level chosen by the Aave community. This set of changes continues to lower the liquidation threshold for CRV. The community has aligned on a Risk Off Framework regarding lowering liquidation thresholds.
Governance ⚖️
On-chain votes:
Add LUSD to Aave V2 | Governance discussion | 🗳 Vote until August 28th
Add MAI to Aave V3 on Polygon | Governance discussion | 🗳 Vote until August 26th
Risk Parameter Updates for Aave V2 (2022-08-18) | Governance discussion | 🗳 Vote until August 26th
Snapshot votes:
[ARC] Ethereum v2 Reserve Factor - aFEI Holding Update | Governance discussion | 🗳 Vote until August 29th
[ARC] Risk Parameter Updates for Ethereum Aave v2 Market | Governance discussion | 🗳 Vote until August 29th
Aave DAO Stance on Ethereum POW Fork | Governance discussion | 🗳 Vote until August 26th
Asset Listing Framework (Market Risk) and Community Consensus Check | Governance discussion | 🔢 130K AAVE (91.04%) Initial LTV of 0% not required
[ARC] Add MaticX to Polygon v3 Market | Governance discussion | ✅ 148K AAVE (92.3%) YAE, ⬛️ 11K AAVE (6.59%) ABSTAIN
Other discussions from the forum:
Events 📆
Aave Community Call - September 8th (note new date)
ETH Online - September 02 – 30 → apply to be a hacker
Kyiv Tech Summit 🇺🇦 - September 6 – 9
Hey Anon 👻
Have you shared your thoughts about the merge yet?
Thanks for reading!