Bill

Posted on Sep 15, 2022Read on Mirror.xyz

Aave News #66

Happy Merge! Did you collect the post of the historic day? This week Aave News covers: Spotlight 🔦 | Protocol 📰 | Ecosystem 🧉 | Risk 🔎 | Governance ⚖️ | Events 📆 | Hey Anon 👻 | Community Call ☎️

Spotlight: SoLo 🔦

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Under-collateralized loans? Yes, please. The SoLo Protocol allows individuals to compute a unique credit score (dubbed the SoLo score), based on their off-chain open banking data and on-chain wallet analytics, to secure a personal loan. The first prototype is now open to the public, so head over to soulloan.io to learn more about under-collateralized lending in DeFi and find out your SoLo score. The first cohort of 200 users to successfully calculate their scores will receive the SoLo Early Bird NFT, offering a boost on a future potential airdrop!

Protocol 📰

Tweet from Aave - Happy Merge 👻

Ecosystem 🧉

Risk 🔎

Re-enable ETH Borrowing:

Details can be found in this AIP

AIP-97 paused ETH borrowing on the Aave V2 Ethereum market to mitigate the risk of high utilization ahead of the Ethereum Merge. This proposal re-enables ETH borrowing to revert the market back to normal conditions. Given the timing of the Merge, this proposal allows for a few days of monitoring post-Merge before this AIP can be executed. Should conditions turn undesirable, voters should vote No.

Analytics Dashboards:

Dashboard can be found here

Gauntlet has launched the Analytics Dashboard to provide the community with greater insight into key protocol metrics. The dashboard provides statistics on supply, borrow, usage, liquidations, and debt repayment. These analytics dashboards are in addition to Gauntlet’s existing Aave Risk Dashboard.

In addition, Gauntlet has published Dashboard FAQs to provide the community with more resources to understand Aave’s market risk.

Governance ⚖️

On-chain votes:

Snapshot votes:

Other discussions from the forum:

Events 📆

rAAVE Ghost

Hey Anon 👻

100 proposals. How many have you voted in?

Tweet from Ernesto

Community Call ☎️

September 8th 2022, Twitter Spaces

[AGD] Shreyas - AGD Overview

  • executive summary of AGD

  • follow up form sent out tracking grantee completion rate

  • working on more accurate tracking of new TVL and new users acquired

[AGD] Fig - Community Grants RFPs

  • Top Priorities

    • Governance UI - facilitate votes, delegate, and monitor governance

    • Stablecoin growth - grow Aave’s stablecoin TVL and integrations

    • Credit Delegation - allows lenders to deposit into Aave earning interest and then delegate borrowing power users in need of borrowing credit

[Aave Co.] Stani - Aave Ecosystem General Overview

  • level of contributor engagement is still very high

  • starting to see an ecosystem forming around funding from the DAO

  • value capture from Aave protocol -> Aave DAO -> contributor ecosystem

  • retroactive funding model of Aave DAO towards long-term contributors could allow for a unique and competitive space for Aave

[Aave Co.] Mark - Technical Update

  • first audit round for GHO stablecoin is in from OpenZepplin with no significant findings

  • currently Aave Co. is writing tests and optimising for gas on contracts

  • writing technical paper for GHO which will be shared soon

  • Aave Co. has also seen an increase in dev activity around Aave GitHub with uptick in pull requests recently

[Community] Paul - Gauntlet current works

  • on-chain proposal to pause ETH borrowing before and during merge - executed:

intended to mitigate high utilization of eth going into the merge

  • for reenabling ETH borrowing post-merge gauntlet has put up a governance post

  • updates:

    • recently published an analytics dashboard

    • starting to work on V3 market integration into risk simulation platform

    • made pull request to add a disclaimer to borrower UI letting users know governance can change risk parameters based on market conditions

[Community] Ernesto - BGD current works

  • published governance post on how Eth merge will affect Aave protocol

  • continued work on proof of reserve integration with Chainlink

  • migration of Aave V2 -> V3 will involve two phases due to impact and complexity, phase one is done and phase two is in progress

  • post on Aave V1 sunset

  • working on aspects of on-chain governance to allow for control of all Aave pools cross-chain - will publish to the forum in the coming weeks and hope is it will set Aave as a leader in the space for that area

[Community] Juan - Penn Blockchain (Franklin DAO) delegation

  • creating a platform engaging actively in protocol governance of Aave - using ongoing knowledge from involvement in Compound and other governance spaces

[Grantee] Jack & Carl - Metrics DAO

  • covered recent build of flash loans dashboard that has allowed for interesting finds around flash loan use in Aave

  • Carlos explained two Metrics DAO products recently built for Aave:

[Grantee] David - Nakji Network

  • public beta is live for their API product

  • actively hiring and will be sharing lots of updates publicly on product and future plans shortly

[Grantee] DMars - Cryptoversidad

[Grantee] Gloria - Orange Protocol

https://aavenews.substack.com/p/aave-news-66?utm_source=substack&utm_medium=email&utm_content=share&action=share

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