Balancer DAO approves winddown affecting Alchemix ALCX/WETH pools
Balancer DAO approved an orderly winddown (BIP-928), and Alchemix is telling liquidity providers what that means for its ALCX/WETH pools. The companion fork proposal, BIP-929, did not pass.
- Until October 30 nothing changes: pools work as usual and LPs can withdraw anytime.
- From October 30, the v3 80ALCX/20WETH pool moves to withdrawals-only, with withdrawals still available after that date. Alchemix is reminding LPs and recommends moving liquidity to its Curve ALCX/FRAXBP pool instead.
Sources
- Reminder that from October 30 the v3 80ALCX/20WETH pool moves to withdrawals only. Alchemix recommends moving liquidity to our Curve ALCX/FRAXBP pool. More below 👇 https://t.co/Bifny47uoUx.com ↗
- RT @AlchemixFi: Balancer DAO has approved an orderly winddown (BIP-928). If you provide liquidity in the ALCX/WETH pools on Balancer, here…x.com ↗
