AIP-59 Increase Velodrome stake
Status: AIP-59 is up for a snapshot vote until September 3, 2022 at 03:53 UTC
If passed, this proposal would increase the voting power in Velodrome Finance on Optimism by purchasing $50k of VELO tokens to lock into veVELO. Additionally, 50% of treasury owned alETH-ETH Curve LP tokens would be migrated to farm VELO on Velodrome, further strengthening Alchemix’s voting power. This is a strategic plan that supports the protocol’s expansion to L2’s, allowing Alchemix to build liquidity for alAssets on Optimism. Alchemix currently has about $5.5M of assets in alUSD and alETH liquidity pools on Optimism. Accumulating additional VELO and Velodrome voting power will put Alchemix in a good position to support higher TVL on Optimism when Alchemix is deployed on the L2. This proposal is not for the deployment on Optimism (that is AIP-62), so be sure to check out the full details and voting options!
AIP-62 Alchemix Optimism + AAVE Launch Configuration
Status: AIP-62 is up for a snapshot vote until September 3, 2022 at 03:57 UTC
AIP-62 furthers Alchemix’s plan to increase exposure by proposing a deployment to Optimism, utilizing AAVE strategies. Following a successful launch on Fantom, Alchemix identified Optimism and Arbitum as a strong choice for the next deployment. These chains have been on the protocol’s radar for a while but were not feasible in the past, due to nonexistent yield strategies at scale. The core team believes the recent growth of AAVE on Optimism, along with the OP grants program, will provide a viable yield strategy that will benefit both Alchemix and Optimism to incentivize TVL growth. There are three main components to this launch: the Alchemists, alAsset liquidity, and the OP grants program. Parameters for the launch are based on previous proposals and are laid out in detail in the proposal. Head over to AIP-62 for more information on this exciting proposal!
Since the last update…
AIP-61 passed a snapshot vote with 76% approving the migration plan and sunset of v1 contracts.