Now that the governance vote on Moonwell Apollo to kick off an Aera pilot has passed, we will provide regular updates going forward using this thread as a continuation of our prior proposal thread.
For our first update we would like to share that we have successfully funded the Aera Vault! We carried out the steps as described here. To repeat for clarity we:
Now that the vault is funded we will now be submitting weights against the vault on a daily basis. In the next couple of days we will be releasing a dashboard for the community to monitor and see key statistics on the vault.
Here is a sneak peek of the dashboard from the funds that were just deposited into the vault:
We want to give the community a sense of how the vault is performing relative to alternatives, specifically a vault of all WETH and a vault of all USDC. We visualize the performance relative to these vaults below:
Next you will see the ongoing execution costs that the vault experiences as a result of maintaining the portfolio weights, specifically the arbitrage loss/gain from keeping the vault in line with the weights Gauntlet is setting against the vault on a daily basis. Note that lower is better, but that Arbitrage is important to the ongoing functioning of the vault.
Lastly we include a chart of the vault weights over time and all the transactions that have been executed against the vault. The most common transaction you will see here is updateWeightsGradually, which is simply Gauntlet’s daily weight update executed in order to target the 15% volatility.
