Hey, it’s Scoopy Trooples from Alchemix.
The Alchemix Protocol would love to join the referral program whitelist. Alchemix is a CDP platform specializing in self-repaying, non-liquidatable loans ‚essentially an advance on your future yield. We have two core products currently, alUSD and alETH. We have also just launched our v2 architecture, which enables multi-collateral, multi-strategy CDPs on Alchemix.
The Alchemix core team has been working on a wstETH adapter for alETH to add it as collateral type, and we are now close to releasing it. Users will be able to deposit either ETH or wstETH into Alchemix for alETH collateral, with the ETH deposits being deposited into Lido wstETH. When withdrawing from the system, users can withdraw wstETH, or use a zap that sells their wstETH back to ETH.
We believe that wstETH with be an enormously popular addition to Alchemix, enhancing functionality for existing users, and attracting more users for Lido products. We at Alchemix are excited to enhance the utility of holding Lido wstETH and for wstETH to enhance the Alchemix protocol.
We have a solid history of core and community lead governance, and are approaching our 40th Alchemix Improvement Proposal. We currently use a combination of snapshot and a community multisig to facilitate governance, and will upgrade to a full DAO with on-chain execution. The members of the 5/8 community and dev multisig have had a sterling track record in administering the governance mandates.
Governance discussion takes place primarily on our Discord and Forum
If accepted, it will be our contract that is depositing the ETH into Lido, but we’d prefer for the referral payout to go to the operational multisig.
alETH v2 Alchemist (depositor):0x062Bf725dC4cDF947aa79Ca2aaCCD4F385b13b5c
Alchemix operational multisig: 0x9e2b6378ee8ad2A4A95Fe481d63CAba8FB0EBBF9
Thanks for your consideration!