Governance Update #5
Snapshot voting is live for AIP-50!
AIP-50 Fund Initial Warden Quest for alETH
Status: AIP-50 is up for a snapshot vote until June 1, 2022, 19:00 UTC
This proposal seeks to improve the protocol’s efficiency when securing liquidity for alAssets. There is currently an opportunity to do this with Paladin’s Warden Quest dApp, which establishes an incentive structure for veCRV holders. AIP-50 proposes that Alchemix start an 8 week Quest on the platform to test out its functionality and efficiency. Before the Quest is complete, the team will put up a new AIP to update allocations to the Quest based on the performance. The ALCX for this proposal will be sourced directly from the Alchemix treasury, but is implicitly funded by the amounts redirected from Olympus Pro bonds. The amount equates to 1.8% of emissions for the duration of the Quest. Check out AIP-50 for the full details!
Since the last update…
AIP-49 was voted on here and both options of the proposal were approved. The Olympus Pro bonds have been paused and the protocol will look to sell a portion of the TOKE farmed from the treasury-owned tALCX for CRV.