TechFlow News – DeFi lending protocol Alchemix has announced its participation in Balancer's 8020 proposal. Balancer will serve as the primary liquidity provider for ALCX and lay the foundation for the upcoming veALCX launch.
Previously, Balancer introduced the 8020 proposal to address the issue of liquidity loss following governance token staking. According to Balancer, the key advantages of this proposal include providing deep liquidity, reducing impermanent loss, enabling effective incentives, and hedging against price volatility.
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