AIP-61 Migrate v1 to v2 and sunset v1
Status: AIP-61 is up for a snapshot vote until September 1, 2022 at 13:00 UTC
This proposal lays out a plan to migrate funds in v1 over to the new v2 contracts and will sunset the v1 contracts. Back in March, Alchemix launched v2 and provided a migration tool for users to move their positions. Since then, a majority of assets have been moved, but over 10k ETH and 50m DAI still remain in v1 contracts. AIP-61 proposes automatically migrating these funds in a few steps. Note that the final step is manual, initiated by the user, and funds will remain idle until this final step is completed. The core team has already developed the migration tool to accomplish this, which has passed several rounds of internal audits. After AIP-61 passes, a grace period will be available for those users that prefer to complete the migration manually. Once the migration is complete, the v1 contracts will be rendered inoperative. Head over to the proposal and check out the details that Scoopy provided on the migration!
Since the last update…
AIP-60 did not pass a snapshot vote, which means the treasury multisig is not authorized to deploy ALCX to Resonate.