A recap of the Aave ecosystem, June 28th to July 4th 2021
Aave News: Second Community Call and Aave Pro
This is Aave News, a selection of the finest stories and updates from the Aave ecosystem. This week the community call takes centre stage, so updates from AGD are bumped to the top.
New brand. Our new brand by @Lauracsc_ was unveiled. The visual identity reflects its connection to Aave, with the main elements representing different aspects of the community. What do you think?
Second community call. The second ever AGD community call and what we believe was the first for a DeFi Dao to do on Twitter Spaces took place on July 1st. Over 200 Aavengers were listening in at the peak and the call was packed with 🔥🔥🔥 updates. In case you missed the call or could not keep up, below are highlights from each speaker.
Also, Introducing '👻 Ask' !
Make your voice heard. These are requests for the Aave community to provide feedback or opportunities to get involved. Each of the '👻 Ask' made during the call were:
Updates on Aave Grants DAO by @HelloShreyas
So far, AGD has funded seven projects and distributed $293k total. Projects include the following:
Aave News - rundown by @0xbilll
@paraficapital proposed the original liquidity mining program that launched in April. The program distributed 2200 stAAVE/day (800,000 per year) over three months and is set to end July 26th.
The program has made solid progress towards the two objectives set out in the original proposal.
Migrating liquidity from V1 to V2. The V1 market has decreased from $2.5 billion to $436 million.
Increasing the dollar value of assets deposited. There has been a 4x to 10x increase in the dollar value borrowed and lent across USDC, USDT and DAI.
ParaFi wants to hit the ground running on July 26th:
ParaFi will gather community feedback over the next few weeks and then release a new proposal including thoughts on making the process of adding new assets more scalable.
👻 Ask: Community analysis on the success of the liquidity mining program or any other feedback on what a new program should look like. Post any response or feedback as a comment to the original post on the governance forum.