Llama Month 9 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 July 13, 2023 at 11:00 am ET - we hope you’ll join us!


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-241: Polygon Supply Cap Update This AIP increased the stMATIC and MaticX Supply Cap on Polygon to 40M units and 38M units, respectively.
Grow Aave’s Revenue Proposed and executed AIP-242: Add rETH to Arbitrum v3
Grow Aave’s Revenue Proposed and executed AIP-243: Add LUSD to Arbitrum Aave V3
Grow Aave’s Revenue Proposed and executed AIP-250: Polygon v2 - Parameter Update This AIP updated risk parameters on Polygon v2 to encourage users to migrate funds to v3. No user funds are at risk.
Grow Aave’s Revenue Proposed AIP-257: Optimism - Create ETH eMode Category
Grow Aave’s Revenue Published [ARFC] wMATIC Supply & Borrow Cap Increase Polygon v3
Grow Aave’s Revenue Published [ARFC] Add rETH Aave v3 Optimism
Grow Aave’s Revenue / Treasury Continued development of treasury tooling to acquire and utilize strategic resources, such as veBAL and sdCRV.
Accounting Reports May 2023 Financial Report Key takeaways:
* Revenue totaled $1.1m in May
* Total treasury holdings = $120.2m (67% AAVE)
* TVL = $8.1b
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.

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