Aave News: YOLO with Symphony Finance 🎵, HackMoney Winners, Aave Seatbelt, Boosted DAI Rewards, & More

For anyone who remembers when Aave was only on one chain, featuring: Spotlight 🔦 | Risk 🔎 | Protocol 📰 | Ecosystem 🧉 | Governance ⚖️ | Events 📆 | Hey Anon 👻 

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Spotlight: Symphony Finance 🔦

Symphony’s signature product is YOLO (Yield Optimized Limit Orders) which allows users to earn yield on their tokens while waiting for a limit order to execute. Symphony has not stopped shipping since receiving their grant and they recently crossed $10mm in total volume. Join their Twitter Spaces this Wednesday to celebrate and get this sweet POAP 👻🤝🎵

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Risk 🔎

In case you haven’t seen it, check out the Aave V2 Risk Dashboard by Gauntlet at gov.gauntlet.network/aave.  Gauntlet has also launched the Aave Arc Risk Dashboard. The Gauntlet team is particularly keen on iterating on this dashboard for the community and would love feedback via this Google Form.

For more details on how Gauntlet manages market risk for Aave, please see Gauntlet’s Parameter Recommendation Methodology and Gauntlet’s Model Methodology.

Risk Parameter Updates:

Details can be found in this ARC

Gauntlet proposes adjusting nine (9) total risk parameters, including LTV, Liquidation Threshold, and Liquidation Bonus across three (3) Aave V2 assets.

In addition, this ARC proposes adjusting two (2) total risk parameters, including LTV and Liquidation Threshold, across one (1) Aave Arc (Fireblocks) asset. These parameter updates represent Gauntlet’s first set of parameter updates for the Aave Arc market.

This batch update of risk parameters aligns with the Moderate risk level chosen by the Aave community. These parameter updates are a continuation of Gauntlet’s regular parameter recommendations. Following the recent market crash, our simulation engine has ingested the latest market data to recalibrate parameters for the Aave protocol. Please note that this set of parameter changes will be lowering liquidation threshold for LINK and WETH. Voting for these parameter changes will begin on Tuesday, May 31.

Aave V2 Parameter Changes Specification:

Aave Arc (Fireblocks) Parameter Changes Specification:

Protocol 📰

Ecosystem 🧉

Governance ⚖️

On-chain votes:

Snapshot votes:

Other discussions from the forum:

Events 📆

Hey Anon 👻

Are you interested in building on Lens Protocol? Check out their own grants program ran by Aave Companies going on now!

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