AIP-100 - AMO Harvest Framework Update
Status: AIP-100 is up for a snapshot vote until November 4, 2023 at 14:53 UTC
Much of the DeFi world is still dealing with the Multichain exploit from earlier this year, including Alchemix. There have been several AIPs to address the situation and AIP-100 is a continuation of that effort. This proposal will shift AMO harvests to better balance the treasury and provide additional breathing room to the operating budget. Currently, the AMO harvests are allocated ⅓ to each ETH/stables for the treasury, liquidity driving assets for the treasury, and ALCX/bribe purchases for liquidity. If approved, this AIP will redirect the AMO harvests until the launch of veALCX (expected EOY), up to 100% to the treasury in the form of ETH/stables and the remainder for liquidity-driving assets. This change will rebalance the treasury towards ETH/stables and will provide stability for the protocol (should the bear market continue) or room for expansion post veALCX launch. Read the full proposal for all the details!
Since the last update…
AIP-99 passed a snapshot vote approving the alETH Rebacking Plan and Initial alETH/ETH LPer Refund Plan detailed in the AIP.