Our friends at Alchemix faced some issues this week with the migration of ALCX-ETH LP to Sushi, leading to a period of no ALCX rewards. This was resolved and for the coming week we now have DOUBLE ALCX rewards to enjoy, leading to some impressive APY returns on that Jar! The Pickle team handled the migration on behalf of users which went smoothly and meant no need to unstake/restake, saving those precious gas fees.
The alUSDCRV strategy that had been undergoing beta testing is now being updated to incorporate the additional rewards available from Convex Finance. This updated strategy is planned for launch within the coming week.
Alchemix are also due to launch alETH this weekend, which we’ll be keeping a close eye on to determine the opportunity for a Pickle Jar.
Beta testing of Pickle’s Polygon offering has been in full swing this week with users testing seven Jars which we planned to be available at launch. But we figured that while the frontend work was finalized, we may as well whip up a couple more Jars … so now nine are in the mix for launch day!
We are entering the launch preparation phase and plan to launch on Polygon in the coming week.
A number of people are working away on a brand new website for Pickle, incorporating the new branding. This will include a brand new landing page and full app makeover, aiming to not only look nice but deliver an optimized UX.
Two much requested features will also be incorporated — please be sure to add further requests to https://feedback.pickle.finance/
- A single Jar<>Farm interface
- Zaps directly into Jar
Lots happening this week with our partners at Sushi.
1) The DILLDAO unanimously approved a token swap of $300k worth of Pickles for Sushi in order to further cement the bond between our communities and to strengthen our ongoing partnership. Again an outstanding turnout with 104 holders voting!
2) The snapshot vote has also now concluded approving the migration of the PICKLE-ETH LP from Uniswap to Sushi’s dual rewards pool, meaning it can receive both Pickle emission and Sushi allocation. This vote received 100% of votes in favour … bring on the Sushi!
And there’s more …
The dev team are also working on two other new Jars … at least one of which is planned for release this coming week too.
Plus investigation continues into the Pickle Safety Module plus some other new novel strategies for future implementation.
And that’s it for this week — happy brining!