Llama Month 7 Update
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
We’re planning to host our next Llama <> Aave community Twitter Spaces on May 11, 2023 at 11:00 am ET - we hope you’ll join us!
Highlights
- Proposed and executed 6 on-chain proposals:
- Published 9 topics on Aave’s forum for discussion.
- Added a live runway analysis to our Aave dashboard.
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 and executed AIP-197: Add UNI, MKR, SNX & BAL to Ethereum V3 | Thanks to @fig and Flipside Governance for assistance in submitting this proposal. |
| Grow Aave’s Revenue | Proposed and executed AIP-199: Increase wMATIC Supply Cap and BAL Borrow Cap | Thanks to @marczeller and ACI for assistance in submitting this proposal. |
| Grow Aave’s Revenue | Proposed and executed AIP-201: Add LDO to Ethereum Aave v3 | Thanks to @fig and Flipside Governance for assistance in submitting this proposal. |
| Grow Aave’s Revenue | Proposed and executed AIP-209: Increase SupplyCap stMATIC Polygon & wETH Arbitrum | |
| Grow Aave’s Revenue | Proposed and executed AIP-210: Add wstETH to Polygon Aave V3 | |
| Grow Aave’s Revenue | Proposed and executed AIP-211: BAL Interest Rate Upgrade | |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Update Part I - Migrate AAVE/wETH Balancer v1 Pool to Balancer v2 | Proposed creating a new AAVE liquidity pool on Balancer v2 and including the BPT in Aave’s Safety Module (SM). |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates | Presented Safety Module (SM) upgrades that enhance asset diversification, introduce risk tranching, and enable potential growth synergies. |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT) | Proposed improving the capital efficiency of the Safety Module (SM) by enabling deposits to earn yield from other protocols and discussed the smBPT gauges proposal. |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Upgrade Part IV - Incentives Management Upgrade | Overview of how incentives are distributed and options to reduce the overall AAVE spend and enhance the profitability of the Aave DAO. |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Upgrade Part V - veToken Holding Management Framework | Presented a proposal for the community to elect a voting committee and define a framework to manage the DAO’s strategic assets. |
| Safety Module Upgrades | [TEMP CHECK] Safety Module Upgrade Part VI - Future Considerations | Discussion of the global SM strategy design and discuss future considerations. |
| Grow Aave’s Revenue | [ARFC] Add rETH to Aave V3 Arbitrum Liquidity Pool | |
| Q1 2023 Financial Report | Q1 2023 Financial Report | Revenue for Q1 2023 totaled $7m. As of March 31, 2023, the treasury stood at $135.6m, with 74% in AAVE. |
| Grow Aave’s Revenue | [ARFC] Add LUSD to Aave v3 on Arbitrum | |
| Claim Revenue to Treasury for Aave V3 | Continued weekly treasury claims for Aave V3 deployments. | |
| Develop a Data Warehouse for Aave | Continued development of Aave’s data warehouse which powers financial reporting and Llama’s Aave dashboard. | |
| Runway Analysis | Published live runway analysis on our Aave dashboard. | Allows community members to view Aave’s stablecoin and AAVE obligations, monthly spend, and estimated runway. We’d love your feedback on how we can make these dashboards more useful to the community! Feel free to comment below or on our dashboard topic. |
| Strategic Partnerships / Grow Aave’s Revenue | Made 7 Balancer gauge proposals to support Aave’s growth. [1, 2, 3, 4, 5, 6, 7] | |
| Strategic Partnerships / Grow Aave’s Revenue | Created proposal on Sturdy Finance to onboard the new boosted Aave V3 BB-A-USD as collateral. | |
| Grow Aave’s Revenue | Continued to enable incentives on Polygon V3 by supporting Polygon Foundation, Stader Labs, and Lido DAO. |
We thank the Aave community for their support! Please feel free to share any questions or feedback on our work.
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