AIP-75 L2D4 alUSD Liquidity on Arbitrum
Status: AIP-75 is up for a snapshot vote until January 7, 2023 at 14:07 UTC
Over the past year, Alchemix has expanded its reach beyond just mainnet Ethereum and continues to look for new launching opportunities. With this new proposal, AIP-75 will begin laying the groundwork to establish alUSD liquidity on Arbitrum. To establish alAsset liquidity on Arbitrum, a new liquidity pool will be created by Saddle and include alUSD, FRAX (Frax Finance), USDs (Sperax), and USX (dForce). All four protocols in this pool agree to provide $50k worth of incentives (bribes) over the next 6 months to establish a FRAX gauge. In addition, L2DAO and Saddle have agreed to provide incentives for this pool. Alchemix plans to fund this effort with an equivalent value of ALCX. Based on the parameters of this proposal, it is expected to be a low risk endeavor, but be sure to read the full proposal and discuss it with the community!
Since the last update…
Status: AIP-74-A passed a snapshot vote, almost unanimously approving an Optimism grant allocation of 50% yvWETH, 25% yvDAI, and 25% yvUSDC for vault boosts. This will be spent over a period of 6 months.
Status: AIP-74-B also passed a snapshot vote for Optimism grant allocation for liquidity incentives. The community chose an allocation of 50% alETH, 25% alUSD, and 25% MAI for this proposal.