Concentrator aETH Vote: xALD

Concentrator will be launching a new auto-compounding ETH target vault based on Curve LPs of either Frax’s fxsETH or Lido’s steth. Both vaults will be launched eventually, but in order to grow systematically and not dilute new TVL, only one will be deployed now.

Details and some discussion of the two vaults and the decision are available in on the Concentrator forum: https://forum.concentrator.aladdin.club/t/concentrating-to-eth-liquid-staking-tokens-where-to-start/60

veCTR holders (including xALD holders who control Aladdin’s veCTR share) will vote to determine which of the two vaults will be deployed first. Whichever vault wins the most votes will be deployed, with deployment targeted before the end of December.

This vote has no minimum quorum requirements (since one vault will be deployed no matter what the result).