Update from AGD - October 2024
This update post will serve as housekeeping related to the wind down of AGD: announce the final grants that were awarded and share a breakdown of the current treasury holdings.
June & July Grantees
While AGD’s wind down was underway, the update posts in this thread were paused. As such, several grants that had been awarded and paid out in June and July 2024 still need to be announced.
In case you missed it, updated details on all grants awarded since AGD’s inception can be found on our website.
-
The University of Tennessee’s McClain Torch Fund - $4,500(full) - applications and integrations
- The University of Tennessee’s McClain Torch Fund is integrating Aave into their finance curriculum to help drive adoption and awareness. Students gain hands-on experience with DeFi and interacting with Aave V3, to deepen their understanding of the Aave protocol.
- Funds will be used to allocate each of the 113 students with $40 to fund their own EOA and cover gas fees
-
The Aave and GHO Ecosystem Advancement Round by Gitcoin - $25,000(full) - committees & DAOs that serve Aave’s ecosystem
- Hosted in May 2024, this grant round was ran on Gitcoin’s Grants Stack platform and targeted funding teams directly building with Aave and GHO. In total, the round brought in $39k through 20 donors and supported 13 innovative projects directly impacting Aave and GHO.
- The full amount of the grant was paid in $OP and used as matching funds for the round. Gitcoin contributed an additional $25,000 making the total matching pool for the round $50,000.
-
Alignment Games by Butter - $95,000(full) - committees & DAOs that serve Aave’s ecosystem
- Butter, who previously led the incentivized Aave delegate campaign in 2023, is introducing a novel approach to distributing ecosystem funding. Alignment Games are a collection of mechanisms for increasing alignment between participants in a decentralized network.
- $20,000 will be used by Butter to develop Alignment Games, specifically Conditional Funding Markets (CFMs), and submit a proposal to the Aave DAO to deploy CFMs, including an overview of the mechanism, an implementation plan, and expected outcomes and metrics to measure success. The remaining $75,000 has been earmarked for incentives to push forward Alignment Games in the Aave ecosystem.
-
Spindl - $10,000(full) - applications and integrations
- Spindl is helping to drive attention and growth to Aave and GHO projects. Through their on-chain network of wallet-based publishers (wallets, dApps, onchain social platforms), Spindl will work with Aave and GHO projects to run targeted growth campaigns based on users’ onchain behaviors. Spindl is currently able to target wallet addresses through Rainbow Wallet, Phaver, Quickswap, TheCryptoApp, and CollabLand. They’re also onboarding new projects to expand the potential reach and ability for Aave projects to target wallets wherever they appear on-chain.
- Funds will be used to run initial campaigns to bring attention and grow grantees or other teams with opportunities impacting GHO or Aave.
Current AGD Treasury
As mentioned in the wind down post, please see below for a current standing of the AGD treasury:
| Asset | # of Tokens Held in Treasury or Allowance |
|---|---|
| DAI | 478.61 |
| GHO | 321,768.10 |
| USDC | 6,738.05 |
| USDT | 7,281.89 |
| SAFE | 5,243.26 |
| AAVE | 2,275.81 |
| OP | 259,221.75 |