Hi Shreyas
Aave Grants has been developing the Aave community and ecosystem with success. It is fantastic to see the community growing with the weekly Aave News and the community calls. The grantees are building new features for users who can now use Cono’s health factor protection tool for example. It’s great to see the focus on culture and ecosystem growth. Big thank you to you and all of those of have contributed to Aave grants
After a semester of operations, it makes sense to spend some time evaluating the efforts. To then best strategies on how to continue growing the Aave community next quarter. How did we do? What could be improved? Where do we need to focus?
In the initial Aave Grants proposal, Aleks had formalised some success metrics which have been tackled well - would be great to review the performance across these criteria.
“Measurable criteria:
- Growth in the number of grants applications received quarter-over-quarter
- Growth in the number of projects, ideas, and events funded
- Growth in community engagement (e.g. increased activity on forums, Discord, etc.)
- Growth in Aave pools driven by applications funded via grants (e.g. increased TVL, borrow activity, and unique addresses due to apps funded by grants)
Subjective criteria:
- Improved sentiment and goodwill within the community
- Improvement to the Aave protocol’s brand and positioning in the market"
I would love to have an overview of how Aave Grants performed on these points as well as some details on the monthly operations. The initial budget was stretched to 2 quarters so it would be interesting to understand and adapt the new scope to reality. An accountant could help bring more transparency and figures to draft a detailed plan for the next quarter or year. Transparency brings trust which will help the community do bigger and better things together
The community calls have become among my favorite Aave Rituals. It’s been so incredible to hear Aave builders from all corners of the world. This bonding event is a fantastic way to increase the sense of connection within our DAO
I believe one of the objectives of the Aave DAO this quarter should be to grow active contributors. For this we need to continue helping members connect and build trust. We also need to find ways to encourage leadership within the community. This is already taking shape with the formation of Aave grants, Aave treasury working group, Aave Risk DAO… and we should continue to invest in the onboarding of community members and contributors.
One idea would be to continue focusing on strong connections with even more regular calls on DAO themes or office hours. For example:
-
Aave DAO onboarding
- How to get involved with the Aave DAO?
- What is the Aave DAO? Its values
- How to get a grant?
- Contributors / Working Groups hours
- Builders hours
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Aave protocol
- How does the Protocol work?
- Workshops (using the APIs, making AIPs, gitHub deepive …)
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Grants applications review and follow up calls - could the community participate more actively in awarding grants with a specific snapshot space (decentralised grants)?
This last year, the Aave community has had a chance to work closely with the Index Coop with many shared contributors. Indeed the Index Coop has been incredible at building a solid community and onboarding tens of outstanding contributors to DeFi. The Aave DAO could take inspiration from the Index Coop internship program that helped grow a diverse community by facilitating the transition to web3 work. These interns would contribute to forum debates and help working groups such as AAVE tokenomics, the Safety Module or the Aave DAO treasury group.
As Aave Grants is 6 months, it’s great to see the team grow and organise. A roadmap for scaling the Aave ecosystem and foster the community would help to understand the path to growing the number of Aave DAO contributors and community. A clear view of the road ahead will make it more straightforward for the community to allocate more resources and for members to start participating more actively