A recap of the Aave ecosystem, August 2nd to August 8th, 2021
Aave News: Gelato Summer, 🦙, AMPL Revamp, and BOND ❌
Welcome to Aave News đź‘» The top stories from the spookiest ecosystem.
Keep reading for coverage on: Aave Grants DAO Update 🏗 , State of the protocol 📰 , Ecosystem 🧉 , Governance ⚖️ , New market watch 💹 , Mark your calendar 📆 , Aavengers in the wild 🎙 , and Water cooler 🆒
Bring on Gelato Summer. Aave users on Polygon can now kickback and relax with no fear of liquidations thanks to the launch of Cono Finance by Gelato Network. Cono Finance rebalances an Aave user’s debt position if it falls below a specified health factor. Shout out to @gitpusha and team who went from grant to product launch in less than one month 🤯
Treasury management 👻 🤝 🦙. After unveiling their Aave Treasury Analytics dashboard, Llama ended the week by sharing their Aave Treasury Management Vision, "to encourage innovation, accelerate growth, and prudently manage financial assets, while providing relevant and transparent financial reporting". The full post is comprehensive, covering portfolio construction, risk management, hedging, borrowing, liquidity, early investments, DAO alliances, productivity, and reporting.
Progress updates.Omni Analytics and JellyFi also share updates.
Call for developers. You can still apply to join the Developers DAO - your best opportunity to work for a top DeFi protocol.
https://twitter.com/HelloShreyas/status/1422478468193738755?s=20
All time highs. Aave's total market size is back to its ATH of 22 Billy. Adoption has compensated for the lower asset prices now compared to May, as evidenced by Polygon having twice as many active users compared to Ethereum L1.
More metrics. Check out: