Katya Ternopolska (@katya) • Hey
DeFi Growth @ Aave 👻
Publications
- happy #summeroflens 🌿
- incredibly based
- Celebrating GHO live with a little custom anim gif! 👻🎉
- I tried to touch grass but turns out: not your keys - not your grass
#SummerOfLens
- biggest life hack is saving whitepapers on a kindle
which whitepapers should i read next?🤔
- Designed my first ever building!🌇🤩
(5 editions, 0.5 WMATIC)
- the lineup at ETH Prague has me so hype - so many defi legends under one roof
plus @aavegrants.lens has some sick hackathon prizes 👻
- gen z behavior is always taking 0.5x photos
- Proof of @stani.lens !
@chelo.lens @vwandres.lens @katya.lens @bradorbradley.lens
- @llamaxyz.lens is thrilled to propose a revised outlook for the @aaveaave.lens Safety Module to the community.
Following feedback, the strategy was split in 6 posts on the Aave forum.
The summary can be found here, but this post will dive into each topic
https://governance.aave.com/t/discussion-safety-module/12029/9
The strategy aims to improve the SM design on several aspects, such as:
~ Increase the SM cover value
~ Improve Incentives management
~ Increased SM depositors rewards
~ Reduction of the cover cost
*PART I: Migrate the StkABPT to @balancerprotocol.lens V2*
The publication proposes an update of the initial SM pool parameters to consider several configurations on Balancer
~ B-80AAVE-20wETH
~ B-80AAVE-20wstETH
~ B-50AAVE-50wETH
~ B-50AAVE-50wstETH
Proposal I: https://governance.aave.com/t/temp-check-safety-module-update-part-i-migrate-aave-weth-balancer-v1-pool-to-balancer-v2/12748
*PART II: Assets diversity, SM Categories & Slashing*
This proposal introduces risk tranching by creating 3 categories with different slashing, parameters & rewards
~ Single Assets: Similar to current design (Reduced emission, 30% max slashing)
~ Volatile & Stable BPTs: LPs staked in Balancer gauges through @AuraFinance
(BAL + AURA rewards, 45% max slashing for volatiles, 60% max slashing for Stables)
Proposal II: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-ii-asset-diversity-sm-categories-slashing-updates/12749
*PART III: Enable smBPT gauges*
This proposal proposes to improve the capital efficiency in the SM by creating gauges on smBPT instead of classic BPT
To generate enough BAL + AURA rewards, the Aave DAO will need to attract vote on the associated gauges, which can be done by voting or creating vote incentives for veBAL & wrappers holders.
Classic gauges would dilute the SM reward budget since anyone could receive yield while bypassing the SM risks & cooldown.
smBPT allows anyone to deposit in the pool & earn fees, but only SM depositors would receive BAL + AURA rewards.
Proposal III: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iii-enable-gauges-on-bpt-in-safety-module-smbpt/12750
*PART IV: Incentives management upgrade*
This proposals focuses on updating the current AAVE reward budget management
~ 25% of the current SM budget as liquidity mining on single assets (no gauges)
~ 75% of current SM budget as vote incentives on smBPT gauges through Warden Quest by @paladin.lens for volatile & stable BPTs categories
This allows to leverage the premium of gauge weight power compared to direct liquidity mining and benefit from several Quest benefits such as
~ Defined amount of votes needed
~ Fixed reward / vote paid to voters
~ Ability to retrieve unspent rewards
~ Incentivize veBAL & wrappers
Proposal IV: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iv-incentives-management-upgrade/12751
*PART V: veToken Management framework*
This proposal aims to define a framework to manage the strategic assets locked on the collector contract by electing a committee in charge of the following actions
~ Lock / relock assets
~ Cast gauges votes
~ Monitor the market
~ Create the Quests
~ Claim & Compound the yield
Proposal V: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-v-vetoken-holding-management-framework/12752
*PART VI: Future considerations*
This proposal aims to recap the design proposed and add future considerations for this strategy
~ Progressive incentives migration to the new design
~ Incentives budget sustainability
~ Protocol Owned liquidity considerations
~ Framework to add new assets to the SM
Proposal VI: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-vi-future-considerations/12753
Looking forward to get feedback on the forum and discuss these topics with the community
- I wanted to try something new.
This will be my first music release here on lens.
It's an early demo of my song "This Song" which came out in 2017. I probably wrote this on the road around 2015/2016. It has a lot of the final ideas, but totally different type of beat. This is what I showed Rostam, and we built from there.
It's unfinished and unpolished but it's kinda fun to look back at where ideas originated.
1 matic to collect, only open for 24 hours. 25% mirror referral
- Let's GHOOOOOOO! We are live on Testnet! 👻 gho.xyz
Stay up to date on all things GHO here (and grab the genesis edition collect!)
- Say it, collect it
- Web3 Music rocks! 🎧🎸
Mirror this post to receive 0.1 WMATIC*! 🌿
(up to 5 WMATIC)
- Hey @stani.lens! I sent you a DM about this.
Fuji Finance is building some tools that will enable for these types of things to happen. We are building the first crosschain money market aggregator. We've discussed some concepts with your team about what our infrastructure can enable. For example, the potential for debt/collateral swaps cross chain; migrations from Aave v2 --> v3 crosschain; deposting on Chain A, and borrowing on Chain B; harvesting yield on other chains (e.g. yield generated on Ethereum, and harvesting it on Polygon); among some other cool things.
Lmk if you want to learn more 😎
- The best free research tools to find the ultimate alpha:
1: Twitter
2: DeFi Llama
3: Etherscan
4: Dune Analytics
5: Token Terminal
6: Whale alerts
7: Coin Market Calendar
8: Messari
9: Crypto Quant
- **POOLTOGETHER HOODIE GIVEAWAY**\n\nwant to win this awesome hoodie designed by me for @pooltogether.lens?\n\njust #LMCC (like, mirror, comment & collect) this post! the draw will happen using the random post collector module of https://lenstats.xyz/giveaway when all 69 are collected 👀\n\nLFG! 🌊🏆\n\nmore details about the hoodie here: https://pooly.me/product/pooler-hoodie-by-pedro-vilela/
- Hello, Community!
Lens badge by @alisagrislis.lens was a hit, so today Alisa ask me to post a scheme of the badge for you!
Collect it for 0,5 $MATIC if you like the badge and drop your creative version in comment!
**Merry Christmas and Happy New Year, frens!**
#lens #diy #LMCC #creativity
- Happy holidays from me and my cat Sabrina!
- happy holidays aave fam!
what is something you are excited about in the new year?
i'll gho first
- Last week of 2022, how do you feel?
- @aaveaave.lens fam visiting London this week! 🇬🇧👻 @katya.lens
- spooooooky season is upon us 👻
- As a tribute to BeReal now trending on every web 2 social app.
Collect the first BeReal post on @lensprotocol with @katya.lens & I.
- For folks that do not know what is GHO, will share some wisdom
- GHO is an asset that is tracking an underlying value, USD in this case
- GHO has facilitators that govern how GHO is distributed within DeFi
- The interest rate, facilitators and minting caps are governend by the Aave Community
- First facilitator will allow GHO minting against certain collateral assets on Aave Protocol
- In the future new facilitators can be voted in that could range from RWAs to minting GHO on L2s
- Long game is to see GHO being used as internet money and solving payment problems IRL
- Impact will be important as well - paying with GHO should create positive net impact 💚
Learn more https://governance.aave.com/t/introducing-gho/8730
- hello world 👻