- June 2023
Overview
June is the fifth month since Aave Grants DAO’s most recent renewal in January earlier this year. This update covers AGD’s work completed in June and is the second post from our seventh quarter.
Grants Summary
Total numbers for the grants program’s spending are listed below spanning from the program start until the end of June.
- Total Grant Applications Received: 1972
- Total Applications Approved: 238
- Acceptance Rate:
- written(stage 1): 12%
- video call(stage 2): 75%
- Total Amount Disbursed: $4,508,067
- Complete Grant Payments: 84%
- In-progress/Incomplete Grant Payments: 16%
- Amount and Quantity Approved by Category:
- Applications and integrations (103) ($2,578,566),
- Code audits (3) ($82,000),
- Committees & DAOs that serve Aave’s ecosystem (19) ($693,780),
- Community (marketing and educational) (51) ($683,550),
- Developer tooling (13) ($445,000),
- Events / Hackathons / Sponsorships (14) ($186,000),
- Other (12) ($294,900),
- Protocol development (20) ($479,200)
June Approved Grants
During June we received 107 grant applications and awarded three projects funding. The three grants awarded during June amounted to a cumulative $64,040 in funding spread across three of our standard grant categories with a median grant size of $21k. The list below covers what projects were funded as well as what they are building and how they plan to use the awarded funds:
- Grant Name - $ total grant amount(payment type) - grant type
- grant description - “grantee self-description”
- use of funds
- Governance Facilitation for Aave by Boardroom - $35,040(tranche) - committees & DAOs that serve Aave’s ecosystem
- Boardroom who have contributed to Aave DAO with the Governance Weekly Recap receive a second grant to continue posting them for another 6 months.
- funds will go toward a Boardroom analyst’s salary
- Libree - DAO’s treasury credit delegation - $19,000(full) - applications and integrations
- “Libree has created a Credit Delegation plugin that can be used by any existing and new Aragon DAO. This plugin allows DAOs to deposit their treasury in AAVE and grant a credit delegation on other DAOs, projects, or users. This will enable DAOs to make their treasury more capital efficient and to execute automatically approved credit delegation proposals”
- funds with go toward research, smart contract implementation, frontend implementation, data marketplace integration, and an awareness and marketing campaign
- Decentralized Analytics for Monitoring GHO’s Health and Stability - $10,000(full) - developer tooling
- Dapplooker a past grantee who developed the V3 User Retention dashboards have received another grant to create a GHO Health and Stability dashboard that will be live at https://gho.dapplooker.com.
- funds will pay for development efforts and infrastructure costs of hosting/maintaining the dashboard
Grantee Updates
Some recent achievements from past grantees are as follows:
- the Unit a grantee from May of last year posted an update announcing that their UNIT product is finally ready for launch on the mainnet and the UNIT vaults will be available at unitindex.org. Here’s a tutorial video on how to create, and update a UNIT Vault also check out their latest blog posts for more.
- Fuji Finance’s allow listed V2 beta was released and then more recently the public version was launched just the other day.
- Senate Labs announced their discord plugin for governance notifications where you can track Aave activities right in your discord.
- Ithil Protocol gave some updates on the progress of their Aave-based strategies launching on Arbitrum.
- Projection Finance open-sourced all the logic for their simulation platform built around Aave V3.
A similar update to the achievements from past grantees is the ETHPrague hackathon winners who were awarded prizes for their hacks on Aave. The three prize categories and winners were as follows:
-
Best GHO Hack
Brian is an AI assistant that allows anyone to learn and interact with on-chain protocols via conversation text, for example:
- Ask questions like “How can I borrow GHO?” or
- Use the built-in tx builder to complete on-chain actions like “Borrow USDC using 0.1 eth as collateral”.
-
Best use of Aave with OP- Leverage ReFi’s mission is to become a new era for ReFi and stablecoins like GHO by making them powered by ecological real-world assets.
Praave enables private transactions for Aave and beyond with Railgun.
-
Best Governance Hack- PEER UP revolutionizes how we connect and live. Empowering individuals to build strong local communities by sharing resources, governing together, and positively impacting neighborhoods through a common treasury of aTokens.
To learn more about how the ETHPrague event went and the Aave DAO-related activities read our recent recap of it here.
Ongoing Updates
If you are excited about GHO’s launch and are considering applying for a grant make sure to keep an eye on the aavegrants Twitter we may have some requests for grants (RFG) to share soon.
Lastly, like always we are happy to include any other updates or stats the community would like to see in these posts just let us know below.