February 7, 2021: Skimp and $SAave 🏦📈

Keep Ahead of the Curve

Here are today’s trends to watch from Curve Market Cap.

Today we highlight the third of the three new pools Curve is adding, the $SAave pool. We recently featured the other new pools, $ankrETH and $yv2.

Charlie - Curve.fi @charlie_eth

sAAVE pool by popular demand without any custodial stablecoins and yv2 (as in Iron Bank) to help power @AlphaFinanceLab leveraged strategies! This one might find itself with some interesting rewards😉

Curve Finance @CurveFinance

Two new pools are up! - sAAVE (DAI+SUSD): https://t.co/2dD1iw6Rfx, very decentralized, lending on @AaveAave v2; - yv2 (DAI+USDC+USDT): https://t.co/eFNPx6Ap90, @iearnfinance lending pool v2.

The newest pool is here to $SAave the day! Welcome to the $SAave pool, the fulfillment of sCIP#16 from November 2020, proposed by the DeFi Dollar team.

The pool targets “decentralization maximalists who want to hedge against any particular centralized stablecoin failing.” Unlike many other Curve pools, $SAave has no exposure to Tether, a persistent source of anxiety and FUD.

$SAave is only exposed to two assets, the Aave SUSD and the Aave DAI stablecoins. Both of these can themselves see gains on their own. The proposal notes: “it is common to see Dai, sUSD, giving out 30%+ APR but only for a few hours.” Indeed, the Curve team has teased “interesting rewards to come.”

Aave has emerged as a cornerstone of the DeFi ecosystem, recently passing the $5 billion mark.

Aave @AaveAave

A new market size milestone for the Aave Protocol! Thank you all for being Aave Fam 👻♥️👻

Julien Bouteloup @bneiluj

The 5 Billion Dollar DeFi Club. Incredible execution and piece of work. Congrats my friends and small fam' @AaveAave and the amazing Team ofc 🚀 https://t.co/Jx25MOb0uZ

Julien Bouteloup @bneiluj

The 5 Billion Dollar DeFi Club. Incredible execution and piece of work. Congrats my friends and small fam' @AaveAave and the amazing Team ofc 🚀

Aave has definitely been a hit since the first Aave pool launched on Curve in late 2020. The pool now regularly falls within the top ten by daily trading volume:

Like many protocols, Aave is busy actively migrating users from V1 to V2.

Aave @AaveAave

The migration tool for Aave V1 ➡️ V2 is now available! You can now migrate everything, even if you have borrowing positions opened. Head over to your V1 dashboard to check it out!

medium.comAave Protocol migration tool releasedThe wait is finally over — the migration tool to upgrade full positions from Aave V1 to Aave V2 is now available to all users! Migrating full positions, even when you have positions opened, is now…

The migration efforts have largely been successful so far:

sakulstra @sakulstra

@AaveAave v2 just caught up to v1 flash loan volume. Within a single day ~1.8B$ have been flashed ⚡️🌈, pushing eth depositors average APY to 7% in the last 30days. #defi is wild

The incentives are nicely set up and growing fast. This week they introduced a proposal to add liquidity incentives for v2:

Nick Chong @n2ckchong

We welcome feedback from the community on this proposal. Check it out below and please let us know what you think.

governance.aave.comProposal: Introduce Liquidity Incentives for Aave v2Background: Aave has grown from $0 to $5 billion+ in total liquidity in just over a year. This growth has impressively been achieved without any liquidity incentives. In fall 2020, Aave V2 was launched on mainnet and the LEND token was migrated to the new AAVE token. 3MM of the 16MM AAVE token sup…

Santiago R Santos @santiagoroel

1/ We (ParaFi) are proposing the rollout of liquidity mining incentives in @AaveAave to drive further growth & v2 migration Aave has grown from $0 to $5B+ in liquidity in just over 1 year. This growth has impressively been achieved w/o liquidity mining (LM) incentives. Why now?

stani.eth 👻 v2 is live 👻 @StaniKulechov

Liquidity Mining where users would not only receive governance power but also become backstoppers with StkAAVE is fascinating. Read more about LM proposal 👇🏽

Santiago R Santos @santiagoroel

3/ Key benefits of LM: - Grow lending & borrowing activity in targeted markets - Incentivize v1 to v2 migration - Increase long-term pools of capital via stkAAVE distribution Read more: https://t.co/WwgUZBV4MM h/t @JordanLzG @StaniKulechov @The3D_ @anjan_vinod @n2ckchong

If you want to learn more about the vision for Aave, founder Stani Kulechov has been hitting the circuit lately:

Joyce Yang 🧘 @JoyceInNYC

🚨ALPHA alert for founders Our new podcast episode with @StaniKulechov @AaveAave is live 👻 👻 Stani shares so much unique thought around fundraising, angel investing and inspiring an amazing team #aave #defi Just an amazing episode 👇👇 podcasts.apple.com/us/podcast/liq…

podcasts.apple.com‎Liquid - Crypto Investing | Startup Pitch | Token Investing and Crowdfunding.: Top Advice for Founders When Fundraising, Building and Grow…Please remember to rate and review our podcast! Stani Kulechov is the CEO of Aave and also an active angel investor. We talk about how Stani started angel investing, his advice for founders on how to fundraise and hire, how to avoid early startup mistakes, how to inspire teams and where he thinks…

Jeremy Allaire @jerallaire

Going live with @StaniKulechov of @AaveAave on Money Movement in 20 minutes, tune in on YouTube live...

circle.comEpisode 33: DeFi in 2021 with Aave Founder Stani KulechovThe Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money.

In the middle ages royalty had difficult relationship with the church. Nowadays thanks to the magnificence of Aave, at least one King has bent the knee:

KING CO฿IE 🌙 @CryptoCobain

Aave is literally godlike. But here is a secret: It is simply leading the way. Others will follow.

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