Alchemix DAO Tokemak Core 2 Vote

The core event will end in 1 day and 17 hours. While this is short notice due to much of the team being off last week, we on the core team would like to propose that Alchemix use all 440,098 TOKE voting power on a CRV reactor.

The primary reason to vote for Curve is that the CRV token is more or less the backbone of much of DeFi and promoting its health and liquidity is beneficial for ALL OF DEFI. As of now, it has no direct pool2 incentives, leading to relatively illiquid markets compared to some of their counterparts with a pool2. A Tokemak reactor for CRV would help increase the liquidity for CRV and give CRV holders another source of yield, which would increase demand for CRV.

One interesting thing we learned from the previous reactor events is that even if you don't win, you can carry your votes onto the next round. So even with Alchemix's support, CRV is unlikely to win, but despite that, it would put them in a much better position to win the next round. I think it is Alchemix's best interest to see a successful Curve, and we should support them when given the opportunity since they have given back so much to the DeFi ecosystem.

For this proposal, we will give the DAO two choices.

Choice 1: Vote with all of the DAO's power for CRV. Choice 2: Spread out votes proportionally to bribe amounts.

If the DAO does not get behind the CRV vote, then the most neutral and expedient option is to follow the bribes on votemak and vote accordingly.