The Ranch, Issue 25

Updates on our work with Aave and ApeCoin. Plus, Llama contributor NFTs!

Daniel Schlabach

Dec 15, 2022

Welcome to The Ranch, Llama’s Substack newsletter.

In this publication, we’ll share quick and easy to digest insights on:

Updates from Llama 🦙
Herd on the Street - interesting insights on DAOs
Opportunities - ways you can get involved with Llama

1. Updates from Llama 🦙

Aave

We’ll be hosting a Llama <> Aave Twitter Space at 11:00 am ET this morning where we’ll cover our work in the ecosystem and give community members a chance to ask questions. We hope you’ll join us!

We currently have 2 proposals live for on-chain votes:

Aave v2 ETH Interest Rate Curve Update
This proposal will update the rate curve for ETH, resulting in a higher utilization and more revenue for the DAO.

In anticipation of an Aave V3 deployment on mainnet, with a wstETH and ETH eMode likely, we are proposing to update the ETH interest rate on V2 such that a looped recursive strategy breaks even within Slope 1, where the Interest Rate changes are less volatile.

Llama @llama

Our proposal to update the ETH Interest Rate Curve on @AaveAave V2 is now live for voting. Voting ends in 3 days.

app.aave.comAave - Open Source Liquidity ProtocolAave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services.

Set LDO, stMATIC, MaticX and SD Emission_Admin for Polygon v3 Liquidity Pool
We also resubmitted our proposal to assign the Emission_Admin role for LDO, stMATIC, MaticX, and SD tokens for Aave’s Polygon V3 Pool after quorum was missed on the previous vote. This proposal allows multisigs from Lido, Polygon Foundation, and Stader to distribute liquidity mining rewards across the Polygon V3 deployment.

Llama @llama

After quorum was missed in the previous vote, we resubmitted our proposal to assign the Emission_Admin role for the LDO, stMATIC, MaticX, and SD tokens on the @AaveAave Polygon V3 Pool.

ApeCoin DAO

After a successful bug bounty on Goerli, ApeCoin DAO’s staking program launched this Monday. DAO members can visit ApeStake.io to begin staking their APE, BAYC, MAYC, or BAKC.

Animoca Digital Research shared the amount of APE staked in each pool:

Animoca Digital Research @animocaresearch

2/ Amount of $APE staked has reached 24.3 Mil., 9.1 Mil. & 1.9 Mil. in the #BAYC, #MAYC & #BAKC pools respectively. The BAYC pool is most highly utilized, with staking amount reaching 24.1% of max staked amount, followed by BAKC at 23.2% and MAYC at 23%.

Upgradeable Llama NFTs

In partnership with Metagame, we launched a collection of upgradeable NFTs for members of the Llama community. These NFTs represent membership in Llama and are upgradeable, allowing contributors to reflect their Llama contributions on-chain.

Llama contributors are now able to mint their NFTs on the Llama platform. Each NFT contains a unique combination of fur color and eye style. Over time, contributors will unlock traits for their llamas as they continue contributing to Llama. At launch, the NFT’s background attribute is upgradeable.

To read more about our upgradeable contributor NFTs, see our Mirror post.

2. Herd on the Street

Nouns DAO Debates Funding a Custom Governance Platform - Boardroom
Currently, Nouns DAO’s governance system is a fork of the popular Governor Bravo framework. A proposal was made from House of Nouns to build an improved UI and framework. After a controversial vote, House of Nouns withdrew their proposal in order to incorporate community feedback.

Aera AMA with Gauntlet and Auditless
Check out the transcript from Aera’s recent AMA with Gauntlet and Auditless.

3. Opportunities

We’re looking for someone with expertise in managing social media and communications. If you’re interested, please fill out this form and we’ll get back to you.

The Ranch by Llama