Putting this here as a reference because Snapshot doesn't let me sign long messages. There was healthy debate in the discord prior to snapshot, and the text here is what I wanted to put in snapshot but was unable.
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$ALCX is being considered for listing on a tier-1 exchange. This is mainly contingent on Alchemix DAO offering a token grant of ALCX for this exchange. While securing this grant does not absolutely guarantee a listing, it will greatly increase our chances. This is different from a listing fee, as the ALCX granted to the exchange will be rewarded to ALCX depositors on this exchange. This grant is not going to the exchange, but rather to the users of it. So, in effect, it is more of a temporary rewards program to get liquidity onto this exchange so we can have a stronger presence on CEXs.
The more people that take their ALCX onto this exchange, the greater your share of the farming pools should be too, so the temporary increase in emissions will benefit current stakers.
Another benefit of this is increasing awareness and access to $ALCX to a broader community. Growing our community and increasing the diversity of our token holders is paramount for the long term health of Alchemix.
Furthermore, as we are working with Chainlink to create secure price feeds for our assets, getting on an additional tier-1 exchange will allow them to have more data points for their oracles, ensuring more accurate and less manipulable price feeds.
Currently the DAO treasury holds 430k ALCX tokens, and 1000 tokens of that is 0.2% of the total supply the DAO holds. In Scoopy's opinion, this is a small price to pay for the potential upside.
The options are:
- 0 ALCX tokens granted to this exchange
- 500 ALCX tokens granted to this exchange
- 1000 ALCX tokens granted to this exchange
