For anyone who has joined the Aave Fam community on Lens, featuring: Risk 🔎 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻
Risk 🔎
Check out the Aave V2 Risk Dashboard by Gauntlet at gov.gauntlet.network/aave. Gauntlet has also launched the Aave Arc Risk Dashboard. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.
For more details on how Gauntlet manages market risk for Aave, please see Gauntlet’s Parameter Recommendation Methodology and Gauntlet’s Model Methodology.
Risk Parameter Updates:
Details can be found in this ARC
Gauntlet has postponed the parameter changes of AIP-78 to give the few (5) users additional time and notice to unwind positions that may be partially liquidated.
Given the current levels of risk in V2, our optimization engine recommends lowering liquidation threshold for LINK and WETH. As such, this set of parameter changes may partially force-liquidate a few recursive borrow users on V2. Although it is essential to recalibrate risk on Aave to avoid potential liquidation cascades and insolvency, after gathering community feedback, we have decided to postpone these parameter changes. Our analysis shows that the potential forced liquidations will be very small. Gauntlet values transparency and is drafting a communications framework to better notify users of parameter changes like these moving forward.
AIP-78 also included parameter changes to the Aave Arc market. These changes are independent and separate from the V2 parameter changes, so Gauntlet will put up another on-chain vote specifically for the Aave Arc parameter updates tomorrow, 6/7/2022.
Protocol 📰
- Ernesto from BGD shared more insights on protocol risk management and why AIP-78 didn’t pass
- After the introduction of boosted AVAX rewards, the amount of DAI supplied on the Avalanche Market is over $739 million at time of writing
- Governance House, a group of ecosystem members who have been active in Aave governance gave their official introduction on the governance forum
- BGD shared a migration plan for upgrading the AAVE/WETH aBPT pool from V1 to V2
- Gauntlet will be extending their risk management to include Arc, the permissioned version of Aave for institutions
Ecosystem 🧉
- Gitcoin Round 14 starts in 2 days and Aave Grants is excited to be sponsoring the Crypto Advocacy Cause Round 🤖🌎****
- Atlendis (formerly JellyFi), one of the first Aave Grant recipients, dropped an update on the governance forum including some of the features you can expect in their V1 🚀
- Increment shared their May update which includes the status of their v2 beta and a promotion with Chainlink ⛓
- Check out Projection Finance to see the impact a price movement will have to your health factor 🎥
- Good Ghosting announced their Summer Savings Tournament 👻
Governance ⚖️
On-chain votes:
- Consolidate Reserve Factors and Enable Borrowing DPI | Governance discussion | ❌ | Read more in Risk 🔎
- Risk Parameter Updates for Aave V2 and Aave Arc (Fireblocks) 2022-05-26 | Governance discussion | ✅
Snapshot votes:
- Add Rocket Pool's rETH on Aave v2 Mainnet Market | Governance discussion | 🗳 Vote until June 7th
- ARC: Add GNO to Aave V2 | Governance discussion | 🗳 Vote until June 10th
- [ARC] - Whitelist deBridge for Portals V3 | Governance discussion | ❌ 120k AAVE (96.75%) - failed to reach 150k quorum as required by the Portals Governance Framework
- ARC: Risk Parameter Updates for Aave V2 and Aave Arc (Fireblocks) 2022-05-26 | Governance Discussion | ✅ 101k AAVE (99.99%)
- Add Transak fiat on ramp service on Aave | Governance Discussion | ✅ 43k AAVE (98.48%)
Other discussions from the forum:
Events 📆
- GR14 - June 8 - 23
- Consensus - June 9 - 12
- DAO NYC - June 22 → Read more about what to expect and why you should join!
- EthCC[5] - July 19 - 22
Hey Anon 👻
Do you think Aave should continue distributing Liquidity Mining rewards? Have your say in the governance forum
