Summary
This proposal seeks to negotiate terms for Alchemix DAO to vote for Paladin in the next Tokemak Core event (first week of May) with its 201,611 tTOKE.
Rationale
We’re fully aware that other projects will intend to bribe TOKE holders for votes. We will not do so publicly as it would create significant sell pressure on PAL (previous data has shown that most bribes are dumped). Instead we would like to prepare OTC deals with a few DAOs we're currently preparing collaborations with.
Using data from the previous Core Event, we're offering a deal at the rate of bribes of the last round (0.12$/vote). This would result in a 129,607 PAL OTC deal for all of the DAO's vote (we're using a 14-day TWAP for PAL price).
While we've heard some speculation about an increase in bribes, we believe it is a fair offer as TOKE price was also divided by four during the same period, which means you're better off buying on the market than bribing large amounts.
Moreover, our token will offer particularly strong synergies with the current strategies deployed by Alchemix by offering free and discounted boost and gauge access in the near future.
[EDIT: At least 50% of the fees from Paladin will be available for locked PAL to be re-used in our dapps to buy / rent voting power with]
We've offered a similar deal to the APWine DAO, you can look at the details here: https://gov.apwine.fi/t/apgp-7-vote-for-your-toke-pals/203
You will notive we also offered them an LM program on top of an integration they did for one of our wrappers. If an idea like this could be ported to Alchemix we would also be open to it.
Means / Technical Implementations
Click the vote button with the treasury account holding the tTOKE.
Voting Options
For - Direct treasury deal
Against - Do Nothing.
Abstain
PS: Whatever the outcome of this vote, we hope you'll join us in celebrating Tokemak for the Reactor Festival this week!