# LlamaRisk - Monthly Community Update **URL:** \ **Category:** Governance\ **Created:** [June 10, 2024, 3:46pm UTC](https://governance.aave.com/t/llamarisk-monthly-community-update/17935 "2024-06-10T15:46:22Z")\ **Posts on this page:** 1\ **Showing post:** 5
**Author:** ![LlamaRisk](https://dub1.discourse-cdn.com/flex013/user_avatar/governance.aave.com/llamarisk/32/12865_2.png) [@LlamaRisk](https://governance.aave.com/u/LlamaRisk)\ **Post date:** [August 1, 2024, 2:41pm UTC](https://governance.aave.com/t/llamarisk-monthly-community-update/17935/5 "2024-08-01T14:41:55Z")
# LlamaRisk - Monthly Community Update # July 2024 ## Overview LlamaRisk presents our July 2024 monthly update, summarizing key activities and outlining upcoming priorities. ## Highlights - Attended Stable Summit, EthCC, and Restaking Day in Brussels, meeting with different service providers, stakeholders, and ecosystem partners. - Published our comprehensive assessment of rsETH in the context of [[ARFC] Add rsETH to Aave V3 Ethereum](https://governance.aave.com/t/arfc-add-rseth-to-aave-v3-ethereum/17696/8) - Recommendation for [[ARFC] Onboarding weETH to Aave V3 on Scroll](https://governance.aave.com/t/arfc-onboarding-weeth-to-aave-v3-on-scroll/18301/6) - Recommendation for [[ARFC] Onboard slisBNB to Aave V3 on BNB Chain](https://governance.aave.com/t/arfc-onboard-slisbnb-to-aave-v3-on-bnb-chain/18378/2) - Recommendation for [[ARFC] Onboard dlcBTC to Aave v3 on Ethereum](https://governance.aave.com/t/arfc-onboard-dlcbtc-to-aave-v3-on-ethereum/18377) - Reviewed [[ARFC] Deploy USDC and USDT GSM On Arbitrum](https://governance.aave.com/t/arfc-deploy-usdc-and-usdt-gsm-on-arbitrum/18111) - Joined [Ethena Labs’ Risk Committee](https://x.com/ethena_labs/status/1815857750515278070), where we intend to impact integration with Aave positively. - Shared our support for [[ARFC] GHO Flash Minter Facilitator Arbitrum](https://governance.aave.com/t/arfc-gho-flash-minter-facilitator-arbitrum/18445/2) - Started a review of the proposed [Umbrella](https://governance.aave.com/t/bgd-aave-safety-module-umbrella/18366) and [AAVEnomics update](https://governance.aave.com/t/temp-check-aavenomics-update/18379) to share our queries and observations in the next few days. - Started working on a tool to simulate different slashing conditions ### Quarterly report on spending In addition to the month’s deliverables and in keeping with our original commitment to transparency and accountability, we are pleased to provide our first quarterly report on spending. - Spent 100,283 out of 125,000 GHO claimable in first three months - 76% of funds used directly for applied research ![image](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/b/b2c99605327080602c4e33b4bff56585e8534ef2.png) We continue ramping up our involvement, onboarding talent, and appointing dedicated resources to Aave. Below is our forecasted spending for the next period: ![image](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/4/4ae58400c06d97d830325659a445fade1bfe2b0e.png) ![image](https://europe1.discourse-cdn.com/flex013/uploads/aave/original/2X/f/f6adce9f6df495740608365c9871fe588105a143.png) ## Upcoming Focus Areas - Providing feedback with regards to the newly announced [Umbrella safety module](https://governance.aave.com/t/bgd-aave-safety-module-umbrella/18366) and [AAVEnomics update](https://governance.aave.com/t/temp-check-aavenomics-update/18379), which we are thrilled about - Ramping up our involvement with the GHO stablecoin - Continue the educational explainer series; we have an article in the works on ChainLink CCIP and its use in Aave - Continue research on tradeoffs of using market vs. exchange rates - Monitor ongoing loyalty (points) programs and analyze their implications for listed assets in Aave We welcome community feedback and suggestions. Please share any questions, ideas, or areas where you would like increased focus from the LlamaRisk team. --- _[View the full topic](https://governance.aave.com/t/llamarisk-monthly-community-update/17935)._