The goal of this proposal is to reduce the incentivization cost/unit of alETH liquidity by making transmuter yield more accessible and predictable.
Revest Finance will build an ERC4626 alETH vault that loops alAssets through their respective transmuters (buy alAsset, transmute, withdraw underlying ETH, repeat). This vault strategy will be reviewed by the core team and/or audited by Sherlock.
Alchemix will partner with Revest to offer 1 months of optional upfront yield for users to lock their LP for 1 months. The program will run for 6 months. The up-front yield will be 0.667% (8% APR)], paid in ETH, funded by the Alchemix treasury selling assets deemed fit. The total offering will be 100 ETH or 16.67 ETH/month*
For - new strategy, revest option Against - no strat or revest Abstain