# Llama Month 10 Update

**URL:** <https://governance.aave.com/t/llama-month-10-update/14288>\
**Category:** General\
**Created:** [August 3, 2023, 5:49pm UTC](https://governance.aave.com/t/llama-month-10-update/14288 "2023-08-03T17:49:06Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![Llamaxyz](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamaxyz/32/2044_2.png) [@Llamaxyz](https://governance.aave.com/u/Llamaxyz)\
**Post date:** [August 3, 2023, 5:49pm UTC](https://governance.aave.com/t/llama-month-10-update/14288/1 "2023-08-03T17:49:07Z")

</div>

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:
  - [AIP-257: Optimism - Create ETH eMode Category](https://app.aave.com/governance/proposal/257/)
  - [AIP-261: Treasury Management - Acquire wstETH & rETH](https://app.aave.com/governance/proposal/261/)
  - [AIP-267: Treasury Management - Acquire B-80BAL-20WETH](https://app.aave.com/governance/proposal/267/)
  - [AIP-275: Add rETH Aave v3 Optimism](https://app.aave.com/governance/proposal/275/)
  - [AIP-278: MaticX Polygon Supply Cap Update](https://app.aave.com/governance/proposal/278/)
  - [AIP-282: Acquire More aUSDC on Aave Ethereum Collector](https://app.aave.com/governance/proposal/?proposalId=282)

- 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](https://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](https://app.aave.com/governance/proposal/257/) | |
| Earning Yield | Proposed & executed [AIP-261: Treasury Management - Acquire wstETH & rETH](https://app.aave.com/governance/proposal/261/) | |
| Strategic Partnerships | Proposed & executed [AIP-267: Treasury Management - Acquire B-80BAL-20WETH](https://app.aave.com/governance/proposal/267/) | |
| Grow Aave’s Revenue | Proposed & executed [AIP-275: Add rETH Aave v3 Optimism](https://app.aave.com/governance/proposal/275/) | |
| Grow Aave’s Revenue | Proposed & executed [AIP-278: MaticX Polygon Supply Cap Update](https://app.aave.com/governance/proposal/278/) | |
| Treasury | Passed [AIP-282: Acquire More aUSDC on Aave Ethereum Collector](https://app.aave.com/governance/proposal/?proposalId=282) | |
| Earning Yield | [[TEMP CHECK] Introducing “Curator” by Llama](https://governance.aave.com/t/temp-check-introducing-curator-by-llama/13972) | 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](https://snapshot.org/#/aave.eth/proposal/0xf845c68e9838140dbb6c744b246ffe54f5cd54b782492a15dcdf5831c2652d67) and the payload has been shared with BGD for review |
| Strategic Partnerships, Earning Yield, Grow Aave’s Revenue | Introduced [[ARFC] Treasury Management - Introducing StrategicAssetManager](https://governance.aave.com/t/arfc-treasury-management-introducing-strategicassetmanager-by-llama/14128) | 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](https://governance.aave.com/t/analysis-of-b-80bal-20weth-acquisition/14005) | 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](https://governance.aave.com/t/arfc-polygon-supply-cap-update-07-07-2023/13928) | This was later passed through [onchain governance](https://app.aave.com/governance/proposal/278/). |
| Accounting Reports | [June 2023 Financial Report](https://llama.xyz/reports/aave/june-2023-financials.pdf) | 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](https://community.llama.xyz/aave). | |
| 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.