Alchemix Newsletter

Share this post
Governance Update #6
alchemixfi.substack.com
Governance

Governance Update #6

Snapshot voting is live for AIP-51!

oldrustyhammer
Jun 17
2
Share this post
Governance Update #6
alchemixfi.substack.com

AIP-51 Staking Pools Emissions Allocation Adjustment

Status: AIP-51 is up for a snapshot vote in two parts, AIP-51a and AIP-51b, until June 19, 2022 at 19:00 UTC

A recent reduction by 50% in Tokemak’s reward allocations, with respect to tAsset holders, prompted AIP-51 to be discussed in the community. This proposal continues the protocol’s efforts to scale down unproductive emissions by reducing the gALCX and tALCX staking pool emissions (at-scale with the Olympus PRO reductions of AIP-49) and doubling the amount of ALCX staked in the Tokemak ALCX reactor. The hope is this will improve the utility of ALCX emissions. A modification to the voting options was recently made and there is now an additional outcome that ends the tALCX pool, instead of reducing both gALCX and tALCX pools; the original AIP options can be seen here. Be sure to check out both versions of the proposal (and snapshot votes!) for a complete breakdown of the options and impacts.

Since the last update…

AIP-50 was voted on here and was approved, greenlighting the core team to initiate an 8-week Warden Quest with ALCX from the protocol’s treasury. The quest began on June 1st; the team will evaluate the quest to determine if Warden offers a viable at-scale alternative to vlCVX bribes.

Share this post
Governance Update #6
alchemixfi.substack.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Snape
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing