We ultimately need to focus on greater utilisation of our "al" assets in DeFi standing on their own I think.
The ALCX is a governance token, and should reflect the strength and profitability of the DAO and all of its operations and services it provides.
We need smart and relatively safe ways of conservatively raising the debt caps on alUSD and alETH that bring in more users and more TVL. The issue as I see it preventing this, is that we are rightly managing the risks to the pegs of these assets.
The Yearn alUSD vault was a good idea I thought and good first step towards this, even though Curve are kicking us in the balls a bit about it.
As a DAO let's get our thinking hats on. What can we do, who can we partner with, what further utility can we bring to native al-assets to reduce sell pressure of punters swapping al-assets for more "meaningful" assets. If we can get more al-assets doing productive things outside of the swap pools, it is going ensure we can maintain the peg better and keep raising the debt cap, growing the Alchemix ecosystem.
All of this will point to increased upside of the ALCX token and more people speculate on the worth and value of having governance rights, and the potential to share in the 10% yield repayments in the future.
Creative ideas + technical skills = higher ALCX price
