For anyone who thinks they should own their digital roots, featuring: Aave Weekly โก๏ธ, Risk ๐, State of the protocol ๐ฐ , Ecosystem ๐ง, Governance โ๏ธ, Upcoming events ๐ , & Water cooler ๐
The Aave Weekly Newsletter brings readers insights on protocol liquidity, income and other performance metrics.
The Aave Protocol closes week 6 of 2022 with $22.5 billion of liquidity:
42.2% Utilisation, generating $5.8m of estimated interest for depositors
$47m of Flash Loan volume, generating $42k of fees for depositors
$2m liquidated, generating $96k of fees to liquidators
$706k for the ecosystem collectors now holding $43m โ $6.7m generated by the protocol this week
With an additional $1.8m $StkAAVE, $2.9m $WMATIC & $2.6m $WAVAX distributed
*at the weekly close price
You can download the Aave Weekly pdf from the governance forum.
In case you havenโt seen it, check out the Aave Risk Dashboard by Gauntlet at gov.gauntlet.network/aave. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.
Market Risk Review:
Details can be found in this forum post
Gauntlet has published a Market Downturn Risk Review to provide the community with an update given the notable market downturn from January 21-24th. We have been analyzing the markets closely and have observed that there were no insolvencies that occurred on Aave V2 during the market crash. The protocol was able to healthily liquidate $110M in collateral across 1,846 positions and 913 users. There were no outsized liquidations on Aave; the single largest liquidation was $7.6M. One user faced $14M in liquidation (>13% of all liquidations). For more detail and visuals, see here.
On-chain votes:
Snapshot votes:
Other discussions:
Does JPM even still have water coolers?