We’ve been dropping sweet new features all month, and now we’re back with even more exciting additions! We reached $50M market size for the first time, and the support from our Aavesome community has been crucial to this growth — we are always striving to improve Aave Protocol, and we appreciate all of your feedback ❤

Liquidations Page

On a normal basis, liquidations occur automatically according to the smart contract. However, in response to the Crypto Black Thursday events, we decided to include a user-friendly liquidation page that allows users to manually execute liquidations. This page will not normally be available, but if another Black Swan event like this happens, the liquidation page will be available so that users can come buy the collateral for a discounted price.

Complete your own liquidations with our user-friendly UI

New Menu

The Aave UI gets sexier every day. Our Design team has incorporated a brand new menu into the design updates, giving the user interface a much sleeker look (in both light and dark mode, of course).

Connect to the menu from the home page and navigate around the DApp! The menu will automatically adjust to the screen size of the user. Mobile users can view the menu by clicking the icon in the top right, or they can simply swipe from right to left on their screen to bring up the menu:

Simply swiping to access the menu gives more flow to the mobile experience

Users can expand or collapse the menu using the arrow button on the bottom left:

Customize the menu based on your personal preference! Choose the full menu or just the icons

When a user hovers over the icons in the menu, the labels showing what each button is appear and remain for a few seconds so users can easily see which page they are selecting. This makes the whole experience super easy and intuitive, and is great for users on touch devices like phones or tablets.

New Homepage

The Design team also created a new homepage for the DApp to give users an overview of the available assets and total market size of the protocol. Removal of the “mini-use cases” that were shown in the previous version frees up more room for the ever-growing list of available assets in Aave Protocol!

Just as before, users can view the value of each asset in terms of USD or the native cryptocurrency. Users also keep the option to skip the homepage and go straight to their dashboard the next time they use Aave, making it fast and easy to jump into your personalized dashboard.

Token Burn Page

It’s heating up outside and LEND is burning! All fees for borrowing and executing Flash Loans are redirected to burn the LEND token and decrease the monetary supply of LEND. The Aave Dev team has built a fun and imaginative interface so users can burn the LEND themselves!

You can see how much LEND has been burned so far as well as the breakdown of the fees into total origination fee from borrowing and fees from Flash Loans.

Users can select the asset they want to burn on the dropdown, and that asset is then converted to LEND and burned! Check out our Token Burn page here.

Aave’s Risk Framework

Our Risk team put together a comprehensive Risk Framework that describes our methodology for measuring risks, adding a new currency in Aave Protocol, and setting the risk parameters. It also includes a detailed risk assessment for each currency.

We take risk and security very seriously, and we believe it is important for DeFi to develop these risk frameworks to create and uphold industry standards and manage the risks that arise from such a hyperconnected system. Check out the Risk Framework for an analysis of the fundamental risks of the protocol and details on how we mitigate them.

We’re Hiring!

We’re currently looking for some part-time community managers for our Korean and Vietnamese communities!

Profile/Job Description:

Fluent in English + Korean and/or Vietnamese

Attend the community through different channels (mostly discord, telegram, and the live chat)

Task management, gitlab, and daily report of bugs or incidences

Technical knowledge & some crypto and DeFi knowledge recommended

Hit us up at wecare@aave.com if you’re interested — we’d love to have you join the Aave fam!

Join us and stay tuned…

There are lots of exciting virtual events coming up to keep you busy in quarantine. We will be at HackMoney, DeFi Discussions, and Ethereal in the near future! Can’t wait to see you there!

Talk to us in our Discord, or follow us on Twitter! We’d love to hear your feedback on the new features and addition to our documentation.

That’s what up with Aave!