[AIP-8] New Liquidity Pool Choice on Sushi Onsen

ZiggyOi

Awesome news! I would love to see an alUSD/ETH pool added. Alchemix is making tons of moves -- love to see it

Thelionshire

After reading other’s posts and thinking more in it, I’m more in favor of the alUSD/eth pool (although I like both). The curve alUSD/dai pool is sufficient and this would provide a lot more exposure to alUSD, since dex tx’s are denominated in eth (as others pointed out).

BeNu

I also vote alUSD/ETH. I actually harassed JiroOno about it. My case is similar to others. An alUSD/ETH pair makes alUSD more "real" as a stable coin. If you can tell people yeah, just mint alUSD and go buy ETH they get it. Sending small to mid size user to the CRV pool now kinda hurts since it is a gas intensive transaction to get DAI. it will also open more paths to other assets using aggregators. Exciting news!

bceth

Echoing others' sentiments in here but I'm in favor of an alUSD/ETH pool since Curve has been sufficient for alUSD/DAI up to this point.

edenblock

Echoing much of what many here have said, particularly @ButlerAndTheThirdStringers, I believe the addition of an alUSD/ETH pool would be a monumental milestone for the Alchemix network and community.

Without repeating anything that's already been said, I believe that Alchemix has the potential to grow exponentially with the addition of important pools like alUSD/ETH (and other big milestones right around the corner). With sustainable scaling in mind, I'd say this decision is a clear positive as it brings so much more utility to alUSD (and keeps stability, by concentrating existing liquidity on CRV pool) as well as a low-hop way for users to get exposure to this growing ecosystem.

Great to see this conversation happening, and looking forward to supporting this addition!

HarryK

Like the others above me have already said, alUSD/ETH makes the most sense. The go to way to trade alUSD/stable is Curve and thus creating another stable/stable pool becomes redundant imo.

isthian

alUSD/ETH definitely has the strongest arguments. Agree with alUSD/ETH.

boyeatzworld

What I like about a stable/stable pool is that it's easier to swap alUSD to Dai now without using Curve, which is fairly gas intensive. Additionally it might be better for keeping the peg.

yuyoman

I also like alUSD/ETH pair because everything in the space is around ETH and a better peg to stablecoin. It is going to be a great help for Alchemix

brillopad12

I think overall the alUSD/ETH pool offers more utility and room for growth. The only think that makes me think an alUSD/DAI might be worth it is the fact Uniswap v3 stuff will directly compete with Curve's stable coin algorithm. If curve was to get beaten out we would lose our only stablecoin pool. I know this is a worse case type thing but thought I would bring it up for discussion. What are your thoughts?

ETH-alUSD is likely to attract more liquidity and make the trade between alUSD to ALCX much more efficient.

alUSD-DAI will probably have low liquidity (because Curve is vastly superior and better yield returns with ALCX + Curve tokens). Remember that this “extra” sushi pool will not receive ALCX rewards, only Sushi (and a small amount at that). But this pool would greatly help the Oracle problems where everyone keeps asking why alUSD is breaking the peg (because CoinMarketCap and Coingecko only point to Uniswap or Sushiswap). Lots of other DeFi projects would use alUSD but the Oracle problem hurts them as well.

These are some of the thoughts I've gathered from friends and colleagues about it. Thought I would repost here as well.

RogueItachi

I agree with what many have said. alUSD/ETH pool is the move here. It makes it much easier and more gas efficient for users to directly yunt into their favorite shitcoins with their loan. It also increases the usability and attractiveness of alUSD as stablecoin which is key for the future.

whalegoddess

Slight concern about Impermanent Loss with an alUSD/ETH pool, but ultimately in favor of either new pool

ChickenBunz

alUSD/ETH sounds most sensible. Gets my vote too.

Grizzy

I really like the alUSD/ETH pool as I can see myself using this. But for the alUSD/DAI, doesn't it dilute the needs of ppl using the transmuter ? We already have the curve pool don't we ?

exhuman

I vote for alUSD/ETH pool. IMO later on if people will want to swap anyERC20 token <> alUSD there will be a need for lower fees when doing such trades and provide a lot of exchanges (alUSD -> ETH -> anyERC20) in the middle of the trade. I understand that ETH token is the most liquid pair for many erc20 tokens on Sushi so making the stable and deep liquidity for pair alUSD/ETH will then decrease the problems of going from alUSD to anyERC20.