Impressive progress in the crossroads of web3 governance systems and AI features. I would say that now covering Aave on-chain governance too, it is the only venue unifying visibility of forum, snapshot, and on-chain gov

Very glad to see this Aave governance proposal passed with full support: Aave v3 Polygon stays as functional as it always has been, and there is no plan for that to change in the future. No matter the noise around, users of Aave on Polygon have been there for years, and if they

The high activity rate of DeFi users and the public (even if possible to curate) nature of blockchain data can easily be an explosive moment for the usage of AI in our industry

You Can (Not) Feel the Rain

Introducing Aave v3.4 👻 (link to forum below 🔽)

Considering its nature and how deeply linked it is with the biggest DeFi protocol, Aave Umbrella's 👻☂️ activation will be worth following

Aave Umbrella 👻 ☂️ staking is active stake.onaave.com

Aave Umbrella facts. If supplying USDC, USDT, or ETH on Aave in Ethereum, planning to keep it for 20 days or more, and trust that Aave will not accrue bad debt, staking aTokens on Umbrella has exactly the same assumptions, but earns extra yield on top: cooldown (time to unstake)

Aave Umbrella facts. Each asset on Umbrella has a deficit offset parameter, indicating how much bad debt the Aave DAO itself would cover before any single asset is slashed from stakers. On the initial activation of Umbrella, this parameter was set to levels above the aggregated

Aave Umbrella facts. Umbrella has two slashing phases: the slashing itself, and the deficit coverage on the Pool. Slashing is automated and occurs immediately after deficit is accrued on any asset covered by the Umbrella in the connected Aave; first reducing the deficit offset

Aave Umbrella facts. Staking on Umbrella aTokens is a very yield market-aware. If staking for example aUSDT, you will get a yield component from Umbrella on a relatively limited range (e.g., optimised to ~3.50% at the defined target of $104m) plus the underlying rate on Aave.

With Aave v3 more than 3 years in production, countless improvements done & ongoing, and v4 approaching its latest stage of development, we have published our vision regarding the Aave v3.X product going forward, and its relation with v4. Link and a summary below ⬇️

Always a pleasure to talk with Jack Sanford 🛡️, this time on SHERLOCK Web3 security podcast

Particularly proud of this one, with all Aave systems (protocol, safety module Umbrella, governance, bridging, tooling, etc) reaching very optimal maturity levels

In days like these, it's a good time to study why we put focus on the Aave DAO on Umbrella and Aave <> Chainlink SVR, and what happens when they are strategically aligned. Aside from the DAO continuously taking very difficult (and frequently controversial) pricing decisions

Friday could have one of DeFi's worst black swan events. On paper, over $19 billion in liquidations hit across CEXs and perp DEXs. The real figure was likely higher. Many were surprised that on-chain lending markets came out mostly untouched, but outcomes can be misleading.

Regarding the current topic of DeFi lending and risk of "curators", it is really very simple: if you design a system with fully permissionless/no-skin-in-the-game collateral listings, you can be 100% sure it will be misused. Basically, as a protocol/platform allowing those

Some of my thoughts on this: - The reality on the Uniswap case is -gymnastics-aside- very simple: there is a single organisation really maintaining/moving forward a project, which is completely legit and should not be penalised regulatory-wise, especially being an arguably very