Delegate to Llama

Hi Aave Community :wave:

Llama has been an active contributor to the Aave ecosystem and we would like to present ourselves to the community as a trusted delegate. We have created this thread to share more about Llama and how we vote.

Llama is the leading governance contributor for DAOs, working on protocol engineering, treasury allocation, and analytics. We have implemented protocol upgrades, designed treasury strategies and liquidity incentive programs, and built financial dashboards and reports.To date, Llama has deployed several internally written payloads and supported many more AIP submissions for Aave.

Here’s a sample of our work with Aave:

  • Treasury Vision
    • Comprehensive treasury management vision for Aave, outlining a governance structure, a philosophy around risk management, and key reporting objectives.
  • Asset Management Guidelines
    • Objectives, constraints, and risk management guidelines for Aave’s treasury.
  • Initial Treasury Strategy
    • Proposal to deploy a portion of the reserve factor to earn additional yield by acquiring BAL rewards on Balancer V2.
  • Updated Treasury Strategy
    • Proposal to consolidate Aave Reserve Factors and deploy the capital to BAL, CRV, CVX, stkAAVE, and LDO to earn yield and direct CRV rewards.
  • Treasury Analytics Dashboard
    • Easy-to-use resource for diving into Aave’s treasury balances and growth, revenue and expenses, token holdings, and see where the funds are coming from/going to.
  • Aave Guardian
    • Worked on the election and on-chain vote to set up Aave Guardian to temporarily hold keys of new deployments of the Aave Protocol on other chains.
  • Financial Reports
    • Monthly financial reports
  • Grants DAO renewal
    • Put up on-chain proposal to renew Aave Grants for two more quarters
  • V2 Liquidity Mining Program
    • Index Coop worked on this but Llama put up the on-chain proposal.
  • Strategic Partnership with Balancer
    • Acquire 300,000 BAL tokens via a combination of performing a BAL for AAVE token swap and deploying a Bonding Curve contract.
  • Consolidate Reserve Factors and Enable DPI Borrowing
    • Consolidate revenue earned on all Aave markets on mainnet into one reserve factor
    • Re-enable borrowing of DPI, after it was disabled with AIP-44
  • CVX Listing
    • Risk analysis and on-chain proposal to list CVX on Aave
  • Aave Governance Proposal Payload Template
    • An open-source template for creating AAVE governance Proposal payload contracts.

Outside of the Aave ecosystem, Llama contributes to Balancer, Gitcoin, Nouns, dYdX, Tribe DAO, FWB, and PoolTogether, among others. Our community consists of engineers, DeFi strategists, data analysts, financial analysts, quant analysts, and accountants.

Here are our core values:

  • Rigor. Work done by Llama is of the highest quality. We care deeply about getting the details right in anything we do: smart contracts, governance forum posts, or analytics dashboards. .
  • Trust. We seek to actively earn the trust of the DAOs we work with. We involve the community in our rationale and progress and incorporate feedback where relevant.
  • Transparency. We believe in open lines of communication and are comfortable working in a DAO-native manner.

We discuss each proposal internally, incorporate input from external experts and stakeholders, and then arrive at a vote on the proposal. We look forward to staying active within Aave and working together to grow the Aave protocol and its ecosystem. If anyone would like to delegate to us, please do so to the address shown below. Thank you in advance for any delegation!

Delegate Address: 0x5B3bFfC0bcF8D4cAEC873fDcF719F60725767c98

:llama: :handshake::ghost:

17 Likes

[AIP] Add 1INCH to Aave v2 market

Vote: YAE

Llama reviewed the previously canceled proposal and re-submitted this proposal after it was peer reviewed by @bgdlabs. There is a long history of Aave and 1inch working together and listing the 1INCH token on the Aave market is a great way of extending that relationship. @bgdlabs has verified the proposal, here.

3 Likes

[AIP] Greenlight for GHO

Vote: YAE

Llama is excited about the possibilities of a decentralized asset-backed stablecoin native to the Aave protocol. Llama intends to support the growth and adoption of GHO across DeFi and may consider expressing interest in becoming a facilitator.

Tweet

2 Likes

[Snapshot] Extend SM protection to Aave v2 market on Avalanche

Vote: Llama did not vote

The Avalanche v2 market is obsolete. Users should be encouraged to interact with the Aave v3 market.

  • Note: Index Coop leadership group voted YAE on this proposal which is currently delegated to this wallet.

[Snapshot] Extend SM protection to Aave Arc market Snapshot

Vote: YAE

Llama voted to support extending the Safety Module to cover the Aave Arc Market. The v2 contracts are battle tested and the Arc market can not be easily upgraded to v3 so will remain v2 for the foreseeable future. Extending the Safety Module to the Arc Market will encourage adoption by giving institutions further confidence to interact with the protocol.

  • Note: Index Coop leadership group voted YAE on this proposal which is currently delegated to this wallet.

[Snapshot] Extend SM protection to Aave Arc market

Vote: Llama did not vote

The Polygon v2 market is obsolete. Users should be encouraged to interact with the Aave v3 market.

  • Note: Index Coop leadership group voted YAE on this proposal which is currently delegated to this wallet. Do note, Index Coop has products that currently utilize this market.

Tweet - highlighted that the votes were live, not our vote or rationale

2 Likes

[Snapshot] Risk-Off Framework for the Aave Protocol

Vote: 3%

Llama supports reducing the Liquidation Threshold by 3% to boost the capital efficiency of the market. Ie: The delta between the LT and LTV is reduced. This may lead to more liquidations during volatile periods in the market but that is for Users to manage and Aave has demonstrated an efficient liquidation mechanism.

2 Likes

[AIP] Appoint Securitize as a Whitelister to Aave Arc

Vote: YAE

Adding Securitize to the Aave Arc Market whitelist is expected to help grow the amount of Users who can interact with the market. Noting: @bgdlabs has verified the proposal, here. Llama and 3SE helped source the proposal power and submitted this AIP for voting.

2 Likes

[AIP] Risk Parameter Updates for Aave V2 (2022-08-03)

Vote: YAE

Llama is supportive of Gauntlets risk analysis findings across the Ethereum v2 market. Noting: @bgdlabs has verified the proposal, here and the community discussion, here.

2 Likes

[Snapshot] [ARC] Add MaticX to Polygon v3 Market

Vote: YAE

Llama is supportive of the asset listing and is working with Stader in preparing the AIP for the Aave community to vote on. Llama believes productive tokens like staked asset receipt tokens such as stMATIC and MaticX are great types of collateral. The recursive strategy should be a meaningful source of TVL and source of borrowing demand for wMATIC which in turn will attract more wMATIC deposits. Llama is working with Stader to bring this proposal to an on-chain vote shortly.

2 Likes

[Snapshot] [ARC] Ethereum v2 Reserve Factor - aFEI Holding Update

Vote: YAE

The FEI Reserve is to be frozen and Tribe DAO is removing support for FEI. It is therefore in the best interest of Aave DOA to minimise exposure to aFEI and FEI within the Reserve Factor. Llama is working to bring this proposal to an on-chain vote shortly.

2 Likes

[Snapshot] [ARC] Risk Parameter Updates for Ethereum Aave v2 Market

Vote: YAE

After recent events at Tribe DAO it is prudent for the Aave community to begin reducing exposure to the FEI Reserve. Liquidity for FEI will only deteriorate in time. Llama is working to bring this proposal to an on-chain vote shortly.

1 Like

[AIP] V3 Retroactive Funding

Vote: YAE

Aave v3 is the future and this proposal recognises the efforts of Aave Companies contribution to the community.

1 Like

[AIP] Add stMATIC to Aave v3 pool on Polygon

Vote: YAE

Llama is supportive of adding stMATIC to the Aave v3 Polygon Pool and welcomes more productive assets to the Pool.

1 Like

[AIP] Re-enable ETH Borrowing

Vote: YAE

Happy merge! With the merge being a resounding success and markets have returned to more normal levels. Llama is a supporter of enabling ETH borrowing. There are a number of leverage strategies built on Aave that borrow ETH and enabling borrowing will enable these strategies to rebalance and offer a better User Experience to holders.

1 Like

[AIP] Add MaticX to Aave v3 Polygon Pool

Vote: YAE

Llama is supportive of adding MaticX to the Aave v3 Polygon Pool and welcomes more productive assets to the Pool. It is great to offer a variety of staked MATIC receipt tokens as collateral on Aave v3 Polygon Pool.

1 Like

[Snapshot] Whitelist Balancer’s Liquidity Mining Claim

Vote: YAE

This proposal is like the earlier Curve Finance proposal, Aave should be encouraging communities to build on Aave Pools. Helping communities to retrieve stkAAVE rewards further encourages partners to work with Aave. Llama is for this proposal and is working with Balancer to bring this proposal to an on-chain vote shortly.

2 Likes

[Snapshot] [ARC] Risk Parameter Updates for Aave V2

Vote: YAE

Llama is supportive of the risk updates from Gauntlet to stETH and wBTC on Aave v2.

1 Like

[Snapshot] Aave v3 Ethereum. Approval of path forward

Vote: Deploy a new Aave v3 Ethereum

Llama is supportive of making a new v3 deployment on Ethereum. As noted in the governance discussion, the complexity and added risk of a migration along with other benefits like being able to review assets listed and support GHO liquidity makes a new deployment more beneficial for Aave.

1 Like

[AIP] Adjust Aave Governance Level 2 requirements

Vote: YAE

Llama voted for making adjustments to the level 2 governance requirements. Relaxing these requirements will make it easier to pass proposals related to the safety module, the AAVE token and Aave governance. The recommendations from bgdlabs are a good balance between enabling future progress for the protocol while prioritizing security.

2 Likes

[AIP] Risk Parameter Updates for Aave V2 ETH (2022-10-06)

Vote: YAE

Llama is supportive of the risk updates from Gauntlet to stETH and wBTC on Aave v2.

1 Like

[AIP] Whitelist Balancer’s Liquidity Mining Claim

Vote: YAE

Helping communities to retrieve stkAAVE rewards encourages partners and communities to build on Aave Pools. Further, Balancer is already a strategic partner so this will further align Balancer with Aave.

1 Like