Discover more from The Ranch by Llama
The Ranch, Issue 39
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 May 2023 financial report. Aave treasury holdings at month end totaled $120.2m (with 67% of the treasury in AAVE).
In the month of May, Aave had inflows of $1.1m in revenue, while deposits totaled $8.1 billion.
This Saturday, we shared a new ARFC on Aave’s forum to add rETH to Aave v3 Optimism as collateral and to the ETH correlated eMode. By adding rETH and providing LST diversification, Aave presents itself as a neutral platform offering users the choice between various LSTs.
In other news, we recently hosted a Twitter Spaces session featuring a special guest, Stani Kulechov. Together, we discussed updates from our 8th month of work and the exciting future of Aave and GHO. In case you missed it, check out the replay.
2. Herd on the Street
Overcoming ‘Token Debt’, Mason Nystrom
Mason delves into the concept of token debt, emphasizing the crucial role of tokens as products and the significance of aligning their value with the needs of the protocol and user expectations.
Noun Nyms, @personae_labs
Personae Labs introduces Noun Nyms, a subreddit-like platform that offers persistent pseudonyms for nouners to communicate from, representing a step toward the future of naming on Ethereum and the internet as a whole.
If you're an early-stage protocol looking to decentralize, feel free to contact us!