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The Aave community has implemented six on-chain proposals for protocol upgrades, treasury management, and growth, including asset additions to Ethereum V3 and Polygon Aave V3, and interest rate upgrades. The Q1 2023 financial report showed a $7m revenue and a $135.6m treasury, with other actions including the addition of rETH and LUSD to Aave V3 Arbitrum Liquidity Pool, and the proposal to onboard the new boosted Aave V3 BB-A-USD as collateral.
The Aave community has been actively working on protocol upgrades, treasury management, analytics, and growth, as shared by Llamaxyz1. Six on-chain proposals have been executed, aimed at expanding Aave's revenue. These include the addition of various assets to Ethereum V3 and Polygon Aave V3, increasing supply and borrow caps, and upgrading interest rates.
Safety Module upgrades were also proposed, focusing on asset diversification, risk tranching, growth synergies, and capital efficiency. The Q1 2023 financial report showed a total revenue of $7m and a treasury standing at $135.6m, with 74% in AAVE. Other actions included the addition of rETH and LUSD to Aave V3 Arbitrum Liquidity Pool, weekly treasury claims for Aave V3 deployments, and the development of Aave's data warehouse.
In addition to these, Llamaxyz created a proposal on Sturdy Finance to onboard the new boosted Aave V3 BB-A-USD as collateral and announced the continuation of incentives on Polygon V3 with the support of Polygon Foundation, Stader Labs, and Lido DAO1. A community Twitter Spaces event was also announced, scheduled for May 11, 20232.
In conclusion, the Aave community has been making significant strides in protocol upgrades, treasury management, and growth. The community's active involvement in discussions and proposals is driving Aave's progress and expansion.
Posted 7 months ago
Last reply 7 months ago
Summary updated 2 months ago
Last updated 08/12 04:39