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
- Proposed and executed 2 on-chain proposals:
- Deployed v1 of Aave Swapper which is able to manage the DAO’s veBAL holding. Shared an update regarding our plans for the Swapper on the forum
- Progressed development of Strategic Asset Manager.
- Published July 2023 financials
- Published Shortfall Analysis dashboard
You can find all this information and more at community.llama.xyz/aave.
|Task||Actions Taken||Notes & Commentary|
|Treasury management||Deployed Aave Swapper. Shared an update on the forum regarding the Swapper||Swapper contract address: 0x3ea64b1C0194524b48F9118462C8E9cd61a243c7|
|Treasury management||Progressed development of Strategic Asset Manager||The code supporting veBAL position is already implemented via the StrategicAssetManager contract and can be deployed pending community feedback. There is a discussion currently on vlAURA; if it makes sense technically and the community supports, we can add vlAURA to the StrategicAssetManager.|
|Treasury management||Progressed development of Polygon ERC20 bridge||Developed a contract to bridge ERC20 tokens from Polygon to Mainnet as another tool for managing treasury assets.
Currently, Polygon assets cannot be withdrawn from Polygon and thus, assets held on that network cannot be used as part of a treasury management strategy.
|Treasury management||Proposed and executed AIP-302: Swap assets to aUSDC||This is a follow-up proposal to AIP 282.|
|Treasury management||Proposed and executed AIP-282: Acquire more aUSDC on Aave Ethereum Collector|
|Shortfall Analysis||Finalized Shortfall Analysis dashboard||This dashboard models the effect of a shortfall event on the Safety Module’s backstop and AAVE token price.
Here, we analyze:
|Accounting Reports||July 2023 Financial Report||Key takeaways:
|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.