Redirect Dividends toward Protocol Growth Funds

Underscore

A major draw of DAO staking will be the ability for ALCX holders to receive dividend distributions from the protocol through the 10% fee on yield. While these payments attract capital to the ALCX token, I believe Alchemix would be better suited in the long run if these early dividends were reinvested back into the protocol.
Ideally, I see these dividends instead being pooled as follows:

Grant Programs
Productive Treasury Assets (stETH, alUSD3CRV, etc.)
Partnership Ventures/buying tokens of protocols we seek to cooperate with in order to have a collective say in their governance (Yearn, Barnbridge, Olympus)

I see these funds as further supports to the structure phenomenal structure Alchemix has built for itself up to now. As for the timeline on this, 6 months would provide a balance of deep funds and flexibility (IMO). Enough from me though, happy to turn this over to my fellow ALCX bag-holders, Pickler Jarers, and Yearn Apes.

Underscore

Some points made after further discussion:
Since ALCX is slashed to maintain alUSD peg, dividends are more necessary for Alchemix than most other protocols. This is because dividends rewards holders in such a way to hopefully outweigh this slashing risk.
Additionally, dividends could be more reasonably reduced once we get a sense of dividend APY. If it's high enough, it could make sense to redirect a portion toward growth funds.

scoopy

I makes sense to do a mix of dividend payouts, a separate endaoment to pay for operational costs, and reinvestments into the dao tvl. If they are parameterized, we can adjust as needed how much of the pie gets divvied up. The DAO will also be rewarding in ALCX, so even if the dividend yields start low, they will grow with time while the alcx emission rate lowers over time.