A recap of the Aave ecosystem, August 30th to September 5th, 2021

Aave News: The Next Aave is Aave šŸ‘»

Welcome to Aave News šŸ‘» Diarizing each week in Aave

Covering:Ā Aave Grants DAO update šŸ— , State of the protocol šŸ“° , Ecosystem šŸ§‰ , Governance āš–ļø, Request for comments šŸ—£, Mark your calendar šŸ“† ,Ā andĀ Water cooler šŸ†’

Aave Grants DAO update šŸ—

Listen in.Ā Join us on September 14th at 4pm UTC for ourĀ next community call.

State of the protocol šŸ“°

Up and to the right.Ā Marc 'Chief TVL ATH Notifier' Zeller was busy this week with TVL leaping pastĀ $25,Ā $26Ā andĀ $27 Billion. Marc also explainsĀ why Aave's TVL is quoted differentlyĀ across DeFi tracking sites for any readers who want toĀ understand which number is correctĀ (spoiler: they all are). Aave also announced plans toĀ hire a Head of PeopleĀ to bring more talent to Web3. Who wants to assemble a squad of Aavengers to build the future of France?

For more stats,Ā cryptofees.infoĀ addedĀ historical fees accrued by the protocolĀ and Alex dropped anotherĀ in depth summaryĀ of protocol metrics. There are alsoĀ growth,Ā governance, andĀ treasuryĀ metrics to explore.

Ecosystem šŸ§‰

Building.Ā Sacred,Ā Nevermind,Ā 2001DeFi,Ā Solace.Fi,Ā BENĀ and theĀ other granteesĀ we announced last week are heads down to improve the Aave ecosystem. For any readers who want to get their hands dirty, Flipside Crypto releasedĀ new data tools to help users solve bounties, and GoodGhosting is rolling out aĀ super charged quest poolĀ - complete at least two quests to be eligible.

Governance āš–ļø

RWA and risk.Ā The Snapshot vote from Centrifuge to add a real world asset market to AaveĀ ended with support from the community.Ā This brought up an important question,Ā wen rwaaave?Ā If you're wondering, yesĀ this is alpha.

Gauntlet had two proposals on the go this week -Ā AIP 34Ā was executed to reduce the liquidation incentives for ten V2 assets, and the community indicated their preference of a moderate risk appetite in aĀ Snapshot vote.

āš”ļøšŸ—³ Currently live on Snapshot:Ā AMPL interest rate curve adjustmentĀ - read theĀ proposal here.

Request for comments šŸ—£

Quiet.Ā The governance forum had a quieter week as work is being done to update previous proposals likeĀ fixing the liquidity mining parametersĀ on the newly added assets. One new proposal hit the forum:Ā Add V2 Market assets to Polygon Market that are relevant to Polygon Network

Mark your calendar šŸ“†

Aave Grants Community Call 4Ā - September 14th at 4pm UTC

#ETHOnline by ETH GlobalĀ - September 17th to October 15th