AIP-103 Deposit to Fyde Protocol
Status: AIP-103 is up for a snapshot vote until December 27, 2023 at 13:40 UTC
AIP-103 seeks approval to deposit 1500 ALCX tokens from the treasury into Fyde, a protocol that is dedicated to improving asset management and diversification for DAOs and crypto investors. Fyde creates a basket of assets that allows users to obtain diversified exposure to the market without selling their asset, and while retaining governance rights. Fyde presented their product to the Alchemix community during one of the early December Friday Fireside sessions, and the feedback was positive. The Alchemix team sees potential in Fyde and, through this proposal, wants to take advantage of pre-launch airdrop opportunities with a small deposit of ALCX. Fyde has been audited by Halborn and is run by a public team. Head over to the full proposal and the Fyde documents to learn more about the specifics and don’t forget to vote!
Since the last update…
AIP-101 passed a snapshot vote, greenlighting the alETH rebacking plan on Mainnet and Optimism.
AIP-102 passed a snapshot vote, retroactively approving deposit cap reductions for the alETH and alUSD Mainnet and Optimism vaults. This vote was done after the deposit caps were reduced to avoid "front-running" of the vaults in question.