Governance Update #3
Snapshot voting live for AIP-47 & AIP-48
AIP-47 Alpha Vaults
With a growing number of v2 strategies in R&D and limited Runtime Verification audit slots available, this proposal seeks to authorize certain new vaults to be released with limited parameters ahead of a formal audit. If passed by a governance vote, new vaults will be released as “Alpha Vaults” with the potential of growing into “Beta Vaults” and finally, after a formal audit, fully released for scaling. Alpha Vaults will be clearly marked as high-risk strategies and will be limited to a deposit cap of $1M or 300 ETH. The maximum loss of each strategy will also be set to 5 bps (0.05%). Several strategies are being considered; check out the proposal for full details into this new process and the new vaults being offered.
AIP-48 Tokemak C.o.R.E.3 Vote Allocation
Status: AIP-48 is currently up for snapshot vote, ending May 8th at 12:00 UTC.
If passed, this proposal will authorize the core team to allocate Alchemix’s Toke votes according to the best available offers during the C.o.R.E.3 voting period. The C.o.R.E. votes will determine the next 5 protocols to receive a Toke Reactor, and with over 200k TOKE available, Alchemix has significant voting power in this event. There are a few paths that Alchemix can take with this event, and the core team has already been approached by other protocols with an offer for our voting power - including an offer by Paladin in the Alchemix forums.
This proposal bypassed the normal procedure of posting to the Alchemix governance forums first, so see the snapshot vote for details on the various options that are available.
Since The Last Update…
AIP-45 passed with 99% of the vote. The precedent is set and there is no further action necessary to execute.
AIP-46 passed with 99% of the vote. Alchemix will purchase $6.15M in CRV and will initiate a swap of $500k in ALCX for the equivalent in SDT with StakeDAO. Alchemix will work with StakeDAO to lock the CRV for sdCRV and the SDT for veSDT, and will begin to apply gauge votes to alETH and alUSD.