AIP-101 - [Updated] alETH Rebacking (Mainnet AND OP) Plan
Status: AIP-101 is up for a snapshot vote until December 17, 2023 at 00:21 UTC
If approved, this proposal will begin to enact a Mainnet/Optimism alETH rebacking plan that will distribute recovered funds; AIP-101 outlines the specific steps that the Alchemix DAO and Multisig will take to enact this plan. Once Curve deploys the recompensation contracts (completed!), funds will be recovered and converted to re-establish the AMO and Mainnet liquidity incentives for alETH/frxETH and alETH/wETH pools will begin. The Arbitrum, Optimism, and Mainnet alETH bridges will then be reopened and the Multisig will rebalance some of the liquidity pools to achieve a fully-backed alETH on Mainnet and Optimism. The full proposal goes into much more detail on each step, so check it out to see exactly how this process will unfold!
Since the last update…
AIP-100 passed a snapshot vote, allowing the AMO Harvest Framework to be updated.