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The Ranch, Issue 37

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The Ranch, Issue 37

Updates on our work with Aave

Efraim Barriuso
Jun 1, 2023
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The Ranch, Issue 37

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Welcome to The Ranch, Llama’s Substack newsletter.

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

  1. Updates from Llama 🦙

  2. Herd on the Street - interesting insights on DAOs

  3. Opportunities - ways you can get involved with Llama

1. Updates from Llama 🦙

Aave

We recently shared our April 2023 financial report. Aave treasury holdings at month end totaled $130.7m (with 69.8% of the treasury in AAVE).

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Aave had inflows of $4.7m in revenue in April, including ~$3.6m in airdropped ARB tokens. Total Value Locked (TVL) stood at $7.9b.

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In the last two weeks, Llama proposed and executed 3 onchain proposals:

  • wMATIC Supply & Borrow Cap Increase Polygon v3 - proposes increasing the wMATIC Supply and Borrow Cap on Polygon v3.

  • MaticX Supply Cap Increase Polygon v3 - proposes increasing the MaticX Supply Cap on Polygon v3 from 17.2M units to 29.3M units.

  • AGD Approval - corrects the Aave Grants DAO aUSDT allowance that was previously incorrectly set.

We also kicked off several discussions on Aave’s forum:

  • [ARFC] Polygon & Arbitrum v3 Supply Cap Update 19.05.2023

  • [ARFC] Polygon v3 Supply Cap Update 2023.05.21

Meanwhile, multiple proposals have progressed to the Snapshot phase; voting ends today at 6 pm ET.

  • [ARFC] Polygon Supply Cap Update 23.05.2023

  • [ARFC] Optimism Create ETH E-Mode

  • [ARFC] Optimism v3 Supply Cap Update

  • [TEMP CHECK] Safety Module Upgrade Part II - Asset Diversity, SM Categories & Slashing Updates

  • [TEMP CHECK] Safety Module Upgrade Part III - Enable gauges on BPT in Safety Module (smBPT)

We’ll be hosting our monthly Llama <> Aave community call next Thursday, June 8th at 11:00 am ET. This month, we’ll share updates and insights from our eighth month into our 12-month engagement with Aave. Set a reminder and we hope to see you there!

2. Herd on the Street

Heavy Chandeliers, haonan
haonan shares thoughts why there are so many scammers in crypto, why they’re able to succeed, and how the industry moves forward more productively.

Don't overload Ethereum's consensus, Vitalik Buterin
Vitalik discusses the risks of overloading Ethereum's consensus by using it beyond its intended purpose.

3. Opportunities

We’re looking for a senior frontend/full stack engineer. If you fit the bill, please email careers@llama.xyz.

Stay Up to Date on Llama 🦙

Follow us on Twitter, check out our website, and read our writing on Mirror.

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