Discover more from The Ranch by Llama
The Ranch, Issue 37
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 🦙
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).
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.
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:
Meanwhile, multiple proposals have progressed to the Snapshot phase; voting ends today at 6 pm ET.
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.
We’re looking for a senior frontend/full stack engineer. If you fit the bill, please email firstname.lastname@example.org.