AIP-105 Deposit to Spark
Status: AIP-105 is up for a snapshot vote until January 22, 2024 at 19:09 UTC
Spark is a DAI centric money market protocol, powered by MakerDAO, that allows borrowing of DAI against ETH and other DeFi assets. This proposal is to provide Spark with $150k worth of treasury held ALCX to supply half of a lending market for ALCX; Spark will provide the other half in DAI. This partnership hopes to bring more utility to ALCX, allowing depositors to receive the interest paid by borrowers on this platform. This new lending market would also yield a small amount of additional income to the treasury through interest payments. A new partnership could also boost the visibility of Alchemix within the DeFi ecosystem.
Since the last update…
AIP-104 passed a snapshot vote, approving new OP vault boost allocations of 33% yvUSDC, 33% yvWETH and 33% stETH.