Governance Update #50

Snapshot voting is live for AIP-113!

AIP-113 Initial Funding of the Alchemix Association

Status: AIP-113 is up for a snapshot vote until September 1, 2024 at 03:28 UTC

This proposal seeks an initial funding effort for the Alchemix Association, a newly registered Swiss entity that is focused on growing the Alchemix ecosystem.The funding will be all assets listed under https://alchemix-stats.com/, excluding 50,000 ALCX tokens. The association will achieve its goal of growth through technical and operational developments, driving strategy, partnerships, and governance, and general support of DAO best practices. Switzerland was chosen as a home base for the Alchemix Association for a variety of reasons, including a crypto-friendly environment and supportive banking system. The Alchemix Association will help Alchemix DAO manage payroll operations and treasury farming, support marketing efforts, and evaluating agreements within DeFi. AIP-113 goes into specific details about how and what the association will be in charge of, so head over to the snapshot and read the full proposal. 

Since the last update…

AIP-111 passed a snapshot vote, approving the proposed framework.