[AIP-106] Invest in Blueprint

Proposal

Invest $50k in Blueprint protocol.

Context

Blueprint is a new ve(3,3) DEX that is launching on Ethereum soon. What Blueprint brings to the table are new mechanics on top of the ve(3,3) system that make it viable in high-gas environments such as Ethereum mainnet, and concentrated liquidity pools. The way they achieve this is by removing the need for weekly gauge voting, rebase and bribe claiming, etc. for those parties that are too small for this to be viable or simply do not wish to deal with these tasks. More specific information can be found in their medium articles at https://medium.com/@blueprintfi They have attended one of the Alchemix firesides and introduced the protocol to our community.

The team behind Blueprint is the same as Retro on Polygon PoS and the soon-to-be launching Zero on Polygon zkEVM. Retro has been very successful, growing to be the 5th largest DEX on Polygon PoS in terms of volume according to DefiLlama, while only launching 6 months ago.

The initial ve(3,3) codebase for Retro was that of Thena’s (most of which is a variation of the original Solidly code), both of which have now been around for an extended period of time. Blueprint and Zero contain the addition of the automated ve(3,3) mechanics and will use the same codebase. Also, the underlying pools are Uniswap v3 forks and the Solidly stable and correlated pools, all of which are considered to be amongst the most battle tested codebases out there.

The valuation for the seed investment would be the same as their presale valuation as shown here: https://www.blueprint.fi/presale Alchemix would immediately receive a vote-locked position and would be able to start using it upon the launch of the DEX.

As one of the more unique DEXes launching on Ethereum mainnet lately and run by a well-known team, this proposal calls for an initial $50k investment in Blueprint to acquire voting power for alAsset pools.

Voting

Voting is single-choice.

• A yes vote approves the investment of $50k in Blueprint
• A no vote signals that no funds should be invested in Blueprint
• Abstain