LlamaRisk - Monthly Community Update

[LlamaRisk]

LlamaRisk - Monthly Community Update

September 2024

Overview

LlamaRisk presents our September 2024 monthly update, summarizing key activities and outlining upcoming priorities.

Highlights

• Recommendations and inputs:

  • Adjusting WBTC parameters to address BitGO transition risks
  • Harmonizing weETH parameters across networks
  • Onboarding STONE to Aave V3 on Scroll (conditional)
  • Onboarding USDS and sUSDS to Aave v3
  • Onboarding cbBTC to Aave v3 on Base and Mainnet
  • Reducing wstETH borrow cap in the Lido Instance
  • Removing community preference for supply cap limits on LST/LRT, considering the high supply concentration on Base and Scroll networks
  • Reviewed and supported proposals for reducing wstETH Borrow Cap

• Research and analysis:

  • Conducted research on GHO users’ interactions and patterns, providing insights for future development
  • Published a deep-dive research report on Chainlink CCIP integration with Aave for cross-chain expansion of GHO
  • Assessed the impact of high supply concentration of LSTs on Base and Scroll networks
  • Continued due diligence with BitGo and established communication with BitGlobal regarding the WBTC transition
  • Ongoing analysis of LST oracle comparison (not yet published)

• Community Engagement:

  • Participated in a live stream on September 20, 2024: "LlamaRisk Tackles WBTC
  • Engaged with delegates to gather feedback on recent parameter adjustments and research outputs
  • In discussions with Chainlink to join a RWA integration task force

Upcoming Focus Areas

• Progressing with research on using GHO for liquidations and comparative analysis of CCIP and OFT
• Preparing to present the DAO with a proposal to renew our risk provider engagement
• Further monitoring and analysis of the WBTC transition process with BitGo and BitGlobal

We welcome community feedback and suggestions. Please share any questions, ideas, or areas where you would like increased focus from the LlamaRisk team.