Proposal:
Saddle will create a new liquidity pool with alUSD, FRAX (Frax Finance), USDs (Sperax), and USX (dFORCE). Alchemix will bribe an L2D4 Frax Gauge with $50k worth of ALCX over 6 months, on the condition that Frax, Sperax and dForce provide matching bribes and the pool recieves a FRAX gauge. The pool will also have incentives from Saddle and L2DAO. The quantity of ALCX will be based on the price of ALCX at the time each bribe is initiated.
Context:
The Alchemix community has interest in launching on Arbitrum, but this requires both alAsset liquidity and integrated yield strategies on arbitrum. This proposal seeks to establish alUSD liquidity on Arbitrum, which could serve as a base for an alUSD yield strategy.
Liquidity will link the assets of four protocols: Frax, Sperax, and dForce, all protocols providing $50k in incentives over 6 months. All protocols will work to request an L2D4 gauge from Frax. L2DAO and Saddle have also agreed to provide incentives.
Risk to Alchemix and alUSD is minimal. If any token in the pool were to fail, users would exit the pool with alUSD or another token, and look to redeploy elsewhere. Therefore, the primary risk is simply dilution of alUSD global liquidity rewards, which can be absorbed by the transmuter and Elixir AMO.
Voting Options
For - $50k in bribes to L2D4
Against - Do not bribe L2D4
Abstain - I just want to be included/help reach quorum
*Note: Bribing is conditional on all other protocols having their respective proposals pass vote, and on L2D4 receiving a FRAX gauge.
