[READY] [GF: Phase 1 Proposal] Saddle Finance

I can answer this - of these pools,
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Velodrome covers all of them, including Alchemix’s coin (we’ve been in contact with them since launch and have been directly influencing them to move toward Optimism sooner rather than later)

The only one i think we don’t have substantial liquidity on is FRAX/USDT.

I’d also take a moment to point out that to give Frax a foothold on Optimism we gifted them a veNFT on our launch, and if they desired they could costlessly direct votes to the USDT pool as well. There is currently roughly $2mm FRAX in our pools, ultimately incentivized at our expense.

This means that Saddle would provide no new pools to Optimism under this proposal other than perhaps FRAX/USDT, and we’re already directly incentivizing many of these pools in coordination with the token issuers. Our own sETH/ETH pool, for instance, currently has $2.3mm of liquidity in it, also co-incentivized at our expense.

I’m probably too conflicted to make any value judgements regarding this proposal, although I’ve seen others do as much without too much pushback, but I think I’m fine to offer factual context.