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
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!
- Proposed and executed 4 on-chain proposals:
- Published 3 topics on Aave’s forum for discussion.
- Continued development of treasury tooling to acquire and utilize strategic resources, such as veBAL and sdCRV.
You can find all this information and more at community.llama.xyz/aave.
|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.
If you’d like to get these updates directly to your email, sign up for our email list here.