Discover more from The Ranch by Llama
The Ranch, Issue 36
Updates on our work with Aave
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 🦙
This Tuesday, we shared a new ARFC on Aave’s forum to increase the wMATIC Supply and Borrow Cap on Polygon v3. This will enable Balancer linear pools to deposit wMATIC into Aave Protocol.
We also kicked off several discussions on Aave’s forum:
Multiple proposals have progressed to the Snapshot phase; voting is live until tomorrow at 6 pm ET.
Llama currently has two AIPs live for on-chain votes: MaticX Supply Cap Increase Polygon v3 and AGD Approval. Stader Labs is currently offering SD rewards to user who deposit MaticX. This increase in Supply Cap aims to incentivize Stader Labs to continue the distribution of SD rewards, allowing a greater amount of MaticX to be deposited into Aave.
In other news, we recently hosted a Twitter Spaces where we discussed updates from our 7th month of work. In case you missed it, check out the replay.
2. Herd on the Street
Open Source & Open State Software, @sreeramkannan
DAOs and onchain governance are useful for controlling upgrades of software which has a single living instance.
What exactly does “onchain” mean? And why does it matter?
We’re looking for a senior frontend/full stack engineer. If you fit the bill, please email firstname.lastname@example.org.