Hi everyone, we would like to share our monthly progress report and field any questions from the Aave community.
As a reminder, our areas of focus are:
- Protocol upgrades
- Treasury management
- Analytics
- Growth
Highlights
- Proposed and executed 6 on-chain proposals:
- Published 5 topics on Aave’s forum for discussion.
- Continued development of treasury tooling to acquire and utilize strategic resources.
You can find all this information and more at community.llama.xyz/aave.
Actions Taken This Month
| Task | Actions Taken | Notes & Commentary |
|---|---|---|
| Grow Aave’s Revenue | Proposed & executed AIP-257: Optimism - Create ETH eMode Category | |
| Earning Yield | Proposed & executed AIP-261: Treasury Management - Acquire wstETH & rETH | |
| Strategic Partnerships | Proposed & executed AIP-267: Treasury Management - Acquire B-80BAL-20WETH | |
| Grow Aave’s Revenue | Proposed & executed AIP-275: Add rETH Aave v3 Optimism | |
| Grow Aave’s Revenue | Proposed & executed AIP-278: MaticX Polygon Supply Cap Update | |
| Treasury | Passed AIP-282: Acquire More aUSDC on Aave Ethereum Collector | |
| Earning Yield | [TEMP CHECK] Introducing “Curator” by Llama | The Curator is a dedicated contract for managing the exchange of assets with MEV and price-impact protection, where possible. The below provides a high level overview of the functionality provided by the Curator: * Swap Assets * Acquire LSTs * Transfer Assets This TEMP CHECK has passed on Snapshot and the payload has been shared with BGD for review |
| Strategic Partnerships, Earning Yield, Grow Aave’s Revenue | Introduced [ARFC] Treasury Management - Introducing StrategicAssetManager | After research on the Collector and in anticipation of Aave’s upcoming veBAL, sdCRV, and other strategic asset holdings, we’ve developed a lightweight way for Aave to maximize the governance and yield of its holdings. The payload has been shared with BGD for feedback. |
| Strategic Partnerships | Shared Analysis of B-80BAL-20WETH Acquisition | We recently made use of CoW Swap to acquire B-80BAL-20WETH. This architecture resulted in Aave receiving an additional 1,918.72 (USD: $24,732.30) units of B-80BAL-20WETH compared to a direct deposit. |
| Grow Aave’s Revenue | [ARFC] Polygon Supply Cap Update 07.07.2023 | This was later passed through onchain governance. |
| Accounting Reports | June 2023 Financial Report | Key takeaways: * Revenue totaled $1.2m in June * Total treasury holdings = $122.9m (68% AAVE) * Deposits = $8.5b |
| Develop a Data Warehouse for Aave | Continued development of Aave’s data warehouse which powers financial reporting and Llama’s Aave dashboard. | |
| Claim Revenue to Treasury for Aave V3 | Continued weekly treasury claims for Aave V3 deployments. |
We thank the Aave community for their support! Please feel free to share any questions or feedback on our work.