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AlchemixAlchemixby0xeEEC0e4927704ab3BBE5df7F4EfFa818b43665a3overkoalafied.eth

[AIP 70] Resume stETH Strategy

Voting ended over 3 years agoSucceeded

Discussion here: https://forum.alchemix.fi/public/d/372-aip-70-resume-steth-strategies/5

A vote "FOR" executes the following changes:

  1. Increase the stETH deposit cap on mainnet Alchemix to 3,000 ETH with multisig discretion to decrease to 0 again if necessary.
  2. Modify the stETH adapter to utilize the ChainLink price oracle to report the price of stETH, capped at a maximum of 1 ETH per stETH.
  3. Update the maxloss() parameter to check stETH vs ETH and increase to 10% (1000 bps). 4, Keep rETH deposit caps at 0 (due to lack of rETH oracle).
  4. A raise of 2,000 additional stETH is recommended 1 month after the initial cap raise, at the discretion of the multisig, provided stETH price exceeds 0.99 ETH.

A vote "against" does not authorize these changes.

Off-Chain Vote

For
63.49K ALCX99.3%
Against
224.52 ALCX0.4%
Abstain
206.49 ALCX0.3%
Download mobile app to vote

Discussion

Alchemix[AIP 70] Resume stETH Strategy

Timeline

Nov 09, 2022Proposal created
Nov 09, 2022Proposal vote started
Nov 12, 2022Proposal vote ended
Mar 05, 2026Proposal updated