Hi everyone, we’ve gotten some really positive feedback on this page so far and would love to hear your thoughts/input to learn how we can make the dashboard even more useful for Aave community members. Please feel free to comment below or message anyone at Llama with your thoughts!
As we update the dashboard, we’ll continue to post updates below.
Runway Analysis
Excited to share that we’ve added a Runway section to our Aave dashboard! You can view it at community.llama.xyz/aave/runway.
Our goal with this dashboard was to give the community an overview of Aave’s third party vendor obligations, stablecoin balance, and AAVE-denominated runway.
In preparing the analysis, we’ve made several assumptions:
- Monthly Spend (Stablecoins) is determined by amortizing service providers’ stablecoin payment over the life of their respective contracts.
- Where applicable, we’ve assumed that service providers earn all relevant bonuses and incentives (i.e., Gauntlet’s Insolvency Refund and Llama’s KPI bonus).
Given today’s revenue (3 month trailing average) and monthly stablecoin spend on third party vendors, the DAO is roughly at breakeven on its stablecoin-denominated expenses. Note that this does not include any potential revenue from the launch of GHO or other future projects.
A list of Aave’s vendors, along with their contract details, are shown in the table below. We’ve amortized these stablecoin and AAVE costs to come up with a monthly spend of $1.5m in stablecoins and 6.1k in AAVE. Hovering over the datapoints in the table will provide more details, such as how much of the value has been withdrawn from a contract’s stream.
We also wanted to provide an overview of the DAO’s actual stablecoin position, considering all vendor obligations. For instance, many vendors have streams denominated in USDC; while USDC is the largest stablecoin holding in the treasury today, once all vendor streams are paid, the DAO will hold just $4.2m of USDC. We hope this will be useful to community members when assessing future proposals for funding.
Finally, we considered Aave’s AAVE-denominated revenue. Aave currently has 1.3 million AAVE in the Ecosystem Reserve. It pays roughly 6.1k AAVE to vendors in monthly costs, and 33k AAVE in Safety Module rewards (1,100 AAVE/day). At this rate, Aave has 2.7 years of AAVE-denominated runway.
