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!
Highlights
- 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.
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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