AIP-72-A Initiation of the alUSDFRAXBP AMO
Status: AIP-72-A is up for a snapshot vote until December 10, 2022 at 03:00 UTC
This proposal presents five options that can initiate changes to the current alUSD3CRV AMO and the alUSDFRAXBP AMO. AIP-72-A has the potential to significantly improve the efficiency of the AMO; with Frax’s assistance on Votium incentives and additional FXS rewards for LPs, the alUSDFRAXBP AMO can make liquidity incentivization into a net positive gain for Alchemix. Initially the DAO will accumulate all harvest FXS tokens, which can be locked to gain influence and economic benefits in the FRAX ecosystem. Alchemix will not sell any FXS tokens until a governance consensus is reached. This proposal will utilize ranked voting to determine the path forward, so be sure to read AIP-72-A and vote for the option that makes the most sense for you.
AIP-72-B Addition of FRAX as alUSD collateral
Status: AIP-72-B is up for a snapshot vote until December 10, 2022 at 03:00 UTC
AIP-72-B discusses the option of adding FRAX as collateral for alUSD. If approved, this proposal will update the Alchemists on mainnet to include FRAX, aFRAX, vaFRAX as collateral types at the parameters laid out in the proposal. A FRAX transmuter will also be deployed and will follow the standard parameters of other alUSD transmuters. After initial launch and stabilization, increases to the FRAX strategies will be made based on how the community votes on the three options discussed in this proposal.
AIP-73U Fair Funding Platform by Unstoppable
Status: AIP-73U is up for a snapshot vote until December 8, 2022 at 04:59 UTC
This proposal is to approve grant funding to be paid to Unstoppable for the audit cost of the Fair Funding platform built on Alchemix. Unstoppable is an early stage DeFi project that focuses on easy access to DeFi, risk optimization, and charitable efforts. Unstoppable hopes that the addition of this product on Alchemix will bring additional value and volume to AlchemixDAO. There are a few options to vote on here (and it is a quick one!) so be sure to check out the proposal and vote!
Since the last update…
AIP-71 passed a snapshot vote, approving a migration of all funds that have not been migrated by users from the temporary v1->v2 migration contract to v2.
AIP-73 passed a snapshot vote, approving a 6 week trial of StakeDAO’s incentive platform. Upon the 4th week of the trial, economic efficiency data will be provided and if it proves more economical than Votium, a follow up proposal to transition incentives to StakeDAO will be put up for voting.