Great question, one of the co-founders of Alchemix is extremely supportive of the proposal, community has been nothing but warm in welcoming and supporting the whitelisting. And you’re right, ALCX does have a good incentive at the moment but my guess is that LP’s are getting rekt on IL, the IL protection could draw many longer term holders to Bancor, ALCX is already down -86% from ATH, my bet is that holders now are going to stick around and want to protect their assets. If DeFi runs again, I wouldn’t be surprised if liquidity flows to Sushi as well, but during this cool off period, Bancor stands to rake in many ALCX LP’s by protecting them from the IL they would face otherwise.
Picture below of a community member voicing support.
Link to my tweet here: https://twitter.com/_krris/status/1416055943507415044?s=20
