In response to Tribe DAO’s proposal to enter a terminal state, we propose disabling Deposits, disabling Borrowing and changing the Liquidation Penalty to 0 for FEI on
@AaveAave
v2.
Separately we'll propose redeeming aFEI for FEI and swapping for DAI.
Recent events have highlighted the power of transparent DeFi protocols. No need to trust someone when you can verify on-chain. Revenues, treasury balances, reserves & more for anyone to see.
Check out our
@AaveAave
October Financials to see what we mean.
The Aave <> Balancer token swap proposal passed unanimously and has been executed!
This is one of the larger strategic partnerships between two DeFi OGs and it's only the beginning of what's to come.
cc
@AaveAave
@BalancerLabs
The initial phase of the testnet bug bounty program for the
@apecoin
staking deployment has concluded.
Over the two weeks we received 26 submissions:
• 25 have been closed & deemed ineligible for a reward
• 1 uncovered a medium severity bug
Aave
We'll be hosting a Twitter Spaces next week to discuss our recent work in the ecosystem and answer any questions from the community.
We hope you'll join us!
Our 12-month proposal to work with
@AaveAave
on protocol upgrades, treasury management, and analytics was approved by the DAO!
We're grateful for the high voter turnout and near-unanimous support: 650k AAVE in support, representing 99.99% of the vote.
The bug bounty program for the ApeCoin staking deployment on Goerli is live. This testnet program will run for two weeks.
We encourage whitehat hackers to try to find vulnerabilities for the chance to earn over $1M in payouts.
Details below:
New bounty live!
ApeCoin TESTNET has launched their bug bounty on Immunefi 💪
@apecoin
is an ERC-20 governance and utility token used to empower a decentralized community building at the forefront of web3.
Find those bugs 🔍 - get yourself $1,008,888:
Designing a Nounish DAO: Analysis of Auction Frequency
@_gumfather
explores the impact of auction frequency on a variety of key metrics for Nounish communities in our latest Mirror post.
It has been 1-month since our proposal with
@AaveAave
passed. Check in with our progress so far including having 3 on-chain proposals executed, publishing 3 ARCs and beginning work on the infrastructure for our Data Warehouse.
Along with
@gauntletnetwork
we are proposing a repayment plan for the ~$1.6M USD in bad debt that has accrued on
@AaveAave
.
Currently, we believe the best path forward is using Gauntlet’s insolvency refund and Aave’s Treasury.
Thank you to everyone who voted and supported adding stMATIC by
@LidoFinance
to the
@0xPolygon
@AaveAave
v3 Pool. The AIP has been executed and the market is live 👻
We've made a proposal along with
@Alastor_ooo
to help manage ENS's endowment entirely on-chain and trustlessly.
@ensdomains
has achieved significant adoption. The endowment can take this to the next level by funding protocol expenses and future growth.
Llama is coming forward as a delegate for SafeDAO. We are bringing our expertise from working across the DAO ecosystem to help
@safe
thrive and drive impact from the start.
Consider delegating SAFE tokens to us at: 0x5b3bffc0bcf8d4caec873fdcf719f60725767c98.
Join us tomorrow for our third Llama <>
@AaveAave
Spaces where we will go over our recent work in the ecosystem and answer any questions from the community.
Let us know any topics you would like to have covered!
.
@LucaProsperi
takes readers on a voyage through the current DeFi landscape: OG protocols are converging on launching stablecoins.
The Great Convergence: $GHO and the Story of the Five Old Kings
.
@nounsdao
has allocated 14,835 ETH since inception across 292 proposals via on-chain governance,
@nounsprophouse
, and small grants.
@sovereignsignal
explores Nouns' treasury allocation mechanisms and their effectiveness
In the last 6 months, we proposed and executed 23 proposals for Aave.
We estimate that these proposals will generate an annualized revenue of $2.0m for
@AaveAave
Here is more information on our AIPs and their impact:
Today, protocols spend precious engineering resources forking frameworks, integrating access control modules, and hacking custom frontends
Llama provides a fullstack solution for access control & governance that lets teams focus on what they do best: building their core product.
Llama presents the fifth monthly update of our work with
@AaveAave
governance.
As a reminder, our areas of focus include protocol upgrades, treasury management, analytics, and growth.
The Aave DAO has earned and currently holds ~619,186 units of aFEI. With the proposal for Tribe DAO to enter a terminal state, Llama is proposing
@AaveAave
avoid becoming a trapped lender in the FEI market by redeeming its aFEI before liquidity dries up.
Our proposal to update the risk parameters of the
@AaveAave
FEI market is live for on-chain voting over the next 3 days. The proposal received 100% (272k AAVE) 'YAE' votes during the Snapshot. Please vote now if you have voting power.
Our August Financial Reports for
@AaveAave
are live. With the Merge coming up, this month we highlight revenue from WETH. We continue adding more metrics to track protocol performance across all chains including revenue generated and treasury balances.
We have joined the
@Uniswap
delegate race! Uniswap is still in its early innings of adoption, so we will support initiatives that can take it to the next level. We value a governance system that's focused on long-term impact, experimentation, and action.
Along with
@gauntletnetwork
we have put together a comprehensive plan to repay the bad debt that accrued on the
@AaveAave
Ethereum CRV Pool, while allowing the DAO to maintain all strategic assets.
There's an emerging meta in DAO governance that could accelerate the space drastically.
Analyzing the
@aaveaave
x
@balancer
partnership,
@flipsidegov
's new research report breaks down the anatomy of DAO-to-DAO partnerships.
Read it for free:
The Q3
@AaveAave
Financial Report from Llama is live 👻
Our vision: enable anyone to publish accurate financial content on Aave.
We give a glimpse into what will be possible with treasury holdings over time, a V3 payback period and crosschain analysis.
Please vote in the Snapshot for our proposal to assign the `Emission_Admin` role on the
@AaveAave
v3 Polygon Liquidity Pool to a Gnosis Safe controlled by
@stader_polygon
.
This will allow Stader Labs to distribute SD rewards to the MaticX Reserve.
It has been great working with the
@apecoin
community,
@immunefi
, and the
@HorizenLabs
team on this launch.
We look forward to reviewing all the submissions
We are proposing updating the wMATIC parameters on the
@AaveAave
@0xpolygon
V3 Pool to increase capital efficiency.
Currently, wMATIC borrowing costs exceed the yield of MaticX and stMATIC so users do not have an incentive to enter into the Matic eMode.
Llama presents the ninth monthly update of our work with
@AaveAave
.
As a reminder, our areas of focus include protocol upgrades, treasury management, analytics, and growth.
Using Llama, teams can deploy fully-independent instances that define granular roles and permissions for executing transactions, known as "actions.”
Actions could include upgrading a protocol, transferring funds, changing protocol parameters, or activating an emergency pause.
Llama supports the creation of the Uniswap Foundation!
As market conditions fluctuate, developers and contributors to Uniswap need a continued source of funding and support. Uniswap’s treasury is well positioned to attract top talent to grow the protocol.
We have shared July financial statements for
@AaveAave
in accordance with our accounting standards
This month we do a deeper analysis into the treasury holdings, Safety Module and Reserve Factor holdings.
We are excited to support
@boost_xyz
!
Boost is a distributed incentives network.
Fees from Boost protocol and Boost Pass mints go directly to an onchain account managed by the community.
See the mint fees go directly to the treasury in real-time:
Join contributors from Llama along with
@StableNode
discussing the state of governance and delegation. Set a reminder below and let us know any questions we should ask!
The voting period for our first
@ApeCoin
DAO proposal ends in 4 hours
We’re excited about the chance to partner with
@immunefi
on a bug bounty program that helps ensure the security of the upcoming staking system launch
Set a reminder for our next Llama <> Aave Spaces where we cover our work in the ecosystem and answer any questions from the community. Share any topics you want covered below or in the governance forum.
We hope you'll join us!
New Llama contracts coming soon 🦙
Security professionals and wardens: participate in our
@code4rena
contest and stand a chance to win up to 60,500 USDC!
Excited to team up with our friends
@VectorDAO
to deliver a new experience to
@nounsdao
Pronouns: a Nouns interface for bidders to make smarter auction decisions
Pronouns is a
@Llama
x
@VectorDAO
collaboration
We're building a Nouns interface for bidders to make smarter auction decisions
Learn more on Prop House:
Subscribe for updates:
Llama is designed for role-based governance. Examples include:
- Risk managers can optimistically update risk parameters with a time delay unless token holders veto
- Grant reviewers have a low approval threshold for small grants but high threshold for large grants
Llama voted for the creation of the Uniswap Foundation.
It provides developers and contributors to Uniswap a continued source of support and funding.
@devinawalsh
and
@nkennethk
are thoughtful operators who can help take Uniswap to the next stage.
Join us for our Llama <> Aave Twitter space later today 🦙
We have a special guest
@StaniKulechov
joining today! We'll chat about future of Aave and GHO.
We recently executed AIP-267 to acquire B-80BAL-20WETH. We built our proposal payload with
@CoWSwap
to protect the DAO from MEV, slippage, and reentrancy risk.
@AaveAave
received an additional 1,918.72 units of B-80BAL-20WETH compared to a direct deposit
We're incredibly excited to become a Nouns delegate and start building our voting history on Agora
Shoutout to
@cryptoseneca
,
@eladmallel
,
@0xWiz_
,
@zhayitong
and everyone else in the Nouns community who supported
Final outcome of the delegate race:
🥇
@7x7x7eth
🥈
@llama
🥉
@jaesmail
Congrats to all the winners who will be getting delegated a noun, and thank you everyone who participated. This was a phenomenal experience!
Llama is deployed on
@Blast_L2
.
Now, protocols building on Blast can access a best-in-class access control and governance solution. All without writing a single line of code.
Llama previously contributed to leading crypto protocols. We used our learnings to build the product we wish we had.
With Llama, decentralization is achieved through access control. Each governance participant is granted the minimum power to do what they are best suited to.
Llama has loved working with 👻 fam & we are excited to further our involvement in the
@AaveAave
ecosystem by becoming a trusted delegate
If you like what we have been up to, consider delegating to: 0x5B3bFfC0bcF8D4cAEC873fDcF719F60725767c98
🦙🤝👻
The Ranch - What’s happening at Llama & in the ecosystem
Learn about our Maker delegate platform, Aave's treasury across chains, & our new dYdX dashboard. Plus: The transition proposed for Tribe DAO & our proposals for Aave's FEI market and aFEI holdings.
Llama’s May & June financial statements for
@AaveAave
are live in accordance with our accounting standards
These include a comprehensive view of v3 by including treasury assets across Arbitrum, Avalanche, Fantom, Harmony, Optimism and Polygon
$DEGEN Onchain Creator Fund: WEEK 3 PAYOUTS are live!
🎙️ 15 Drakula artists & podcasters including
@LayahHeilpern
@BanklessHQ
@laurashin
& more!
🎁 20,000 $DEGEN airdropped
🧛♂️ Check your wallet on Drakula (links below)
Not in this week? Apply in the next tweet!
🚨 Today, we shipped Org Activity 🚨
Organizations on Llama can now view:
◆ Number of actions over time
◆ Top action creators
◆ Top approvers
◆ Account balance
As part of our
@AaveAave
treasury management, we present two options for how to deploy the ~100k BAL that was previously acquired:
1. veBAL
2. staking auraBAL
We highlight the holdings under both strategies, the pros and cons and our recommendation.
We built a module on top of the Llama governance framework at the
@ElectricCapital
hackathon:
- Mint an onchain policy
- 0.001 ETH mint fee goes to a shared treasury
- Policy holders govern over the shared treasury
Try it out here:
8/ Finally,
@llama
is an onchain governance product for protocols.
At the hackathon, they built a module called Alpaca on top of their framework that allows anyone to mint a Llama policy and govern over a shared treasury.
You can try it out here:
Llama is proud to power
@Drakulaapp
's 2nd round of Creator Grants!
800,000 $DEGEN distributed to creators on Drakula.
- Batch transfer to 40 addresses
- Search & identify recipient addresses based on Drakula user names
- Confirm tx with
@TenderlyApp
simulation
Another week, another $50,000 giveaway to video creators on
@Drakulaapp
👀
And this time the airdrop is brought to you by
@llama
🦙 thanks
@AustinGreen
@HelloShreyas
for all the help!
If you're a video creator and you're not on drakula dot app, you're missing out on free money
Voting starts in 1 hour for our AIP for
@AaveAave
to acquire 100k BAL tokens through a bonding curve contract.
This is part 2 of the Aave DAO’s strategic partnership with
@balancerlabs
. A future proposal will determine how the BAL tokens are utilised.
Llama empowers protocols with an onchain policy engine to set permissions for action creation and roles for action approvals and disapprovals.
Protocols have an onchain audit trail of their roles and permissions, providing guarantees to users and investors.
Llama presents the seventh monthly update of our work with
@AaveAave
governance.
As a reminder, our areas of focus include protocol upgrades, treasury management, analytics, and growth.
Through Llama’s native accounts feature, teams can set granular rules for token approvals and transfers.
They can have multiple accounts for distinct capital allocation decisions rather than one big treasury for every decision.
We currently onboarding customers who are building smart contract applications. If you are looking for an onchain access control and governance solution, fill out our interest form.
Llama is open-source and permissionless. Anyone can deploy a Llama instance!
While we're working on making it easier to deploy an instance, reach out to us if you'd like to use the product.
From a usability perspective,
@llama
is much more user-friendly than
@safe
. If Llama can run instances deployed by anyone, I would be very interested in using Llama
From
@Flynnjamm
on Llama:
It's only been in the past year or so that we've had the infrastructure to reward people with ownership that can be represented as access rights on specific parameters in a smart contract.
We've been able to identify the power users of
@boost_xyz
and
DAO Delegate Database -
@koheingt
(
@SenateLabs
)
Looking to delegate your governance tokens or understand the delegate landscape? Check out this database of delegates across 9 different DAOs by Senate.
Introducing
@dYdX
’s analytics dashboard: a deep dive into user and market data for dYdX
s/o to Llama
@elenahoolu
for working on the report and
@dydx_grants
for the grant
⚡️Voting is open to extend the
@AaveAave
Safety Module protection to Polygon, Avalanche & ARC v2 markets
See the individual votes below and join the discussion
Our proposal to add UNI, MKR, SNX & BAL to
@AaveAave
Ethereum v3 is now live! Voting ends in 3 days.
This proposal bundles four asset listing into a single governance submission.
🏆
#1
: Pronouns: The Nouns interface for power users
A client built for active bidders with features like historical pricing insights, automated conditional bids, and more.
By:
@llama
&
@VectorDAO
Prop:
The Ranch 15 is live - a biweekly rundown of everything from the Llama ecosystem
Learn about our work executing one of the largest treasury swaps in DeFi, why you should delegate AAVE to us, a deep dive into Noun auctions, how to join Llama & more
Welcome to The Ranch, a recap of Llama's past two weeks & what has caught our eye in the DAO ecosystem.
This issue highlights our 1 month update with
@AaveAave
, our delegated Noun from
@nounsagora
and our first engagement with the
@apecoin
community.
We lured the
@llama
herd out of the ranch 🦙
Governance and delegate team
@llama
join us tomorrow for a chat 🫡
We’ll dive into
• state of delegation
• lessons and failures
• what’s next for llama
See you there ↓↓↓
Delegate your noun and follow our voting history on
@nounsagora
We're committed to never missing a vote and leaving comments when we feel strongly about a governance proposal
llama voted yes for prop 167
@nounsbuilder
will both democratize access to the best model for bootstrapping internet communities + serve as a testing ground for nounish DAO parameter changes in production
Check the chain - storm
@notnotstorm
Check the chain is an open-source tool for analyzing historical Ethereum data. The library can be used as a CLI tool or as a Python library. Let us know if you're building anything cool with it 👇
juicy 🧃 crypto 🧮 data 📊 thread 🧵
ctc 0.3.0 is out today
this is a large release with lots of new features
i want to share some of them with you in an oversized megathread (cc
@adamcochran
)
many examples and screenshots incoming...
1 / 48
Liquidity for stMATIC has been consistent over the past week. The chart below illustrates the impact of a 1%, 3%, and 5% swap from stMATIC to wMATIC via
@paraswap
on
@0xPolygon
.
A liquidator can sell up to 10.92m units of stMATIC with a 3% price impact swap.
Take a look at the latest issue of The Ranch - a biweekly rundown of everything from the Llama ecosystem
Learn more about Aave’s treasury breakdown, our progress on
@nounspronouns
, the Gitcoin-Radicle public goods alliance, how to join Llama & more