# sCIP#41 - Add an alETH/ETH Pool **URL:** \ **Category:** Proposals\ **Created:** [June 15, 2021, 10:09am UTC](http://gov.curve.finance/t/scip-41-add-an-aleth-eth-pool/1857 "2021-06-15T10:09:00Z")\ **Posts on this page:** 4\ **Page:** 1
**Author:** ![charlie\_eth](http://gov.curve.finance/user_avatar/gov.curve.finance/charlie_eth/32/646_2.png) [@charlie\_eth](http://gov.curve.finance/u/charlie_eth)\ **Post date:** [June 15, 2021, 10:09am UTC](http://gov.curve.finance/t/scip-41-add-an-aleth-eth-pool/1857/1 "2021-06-15T10:09:01Z")
**Summary** : > Alchemix recently launched their new product, an Ethereum derivative backed by collateral in Yearn vaults. alETH was [audited by Certik](https://alchemix.fi/a208baf6ca7e0d6b0116461f05e27cd9.pdf). **Abstract** : > This proposal would add a pool of alETH and ETH to the [Curve.fi](http://Curve.fi). It would not add a gauge and there are no plans to submit this pool to receive CRV as it already receives yield from CRV. **Alchemix** : > Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary\* deposits of stablecoins. > The alETH contracts are based on the original Alchemist and Transmuter contracts (audited by Certik: [Alchemix](https://alchemix.fi/a208baf6ca7e0d6b0116461f05e27cd9.pdf)), with the ability to transact in ETH and WETH. Additionally, we have added functionality to allow users to swap ETH directly to alETH, 1:1, via the Alchemist. Swapped ETH goes directly into the transmuter; ready to back the newly minted alETH, maintain the peg, and increase yield for borrowers and stakers in the Alchemist. **Notes** : > Curve will in the coming weeks transition to a fully permisionless set up for plain pools like we have for metapools. **Specification** : > Proposed A Parameter: 60 > Address / [Etherscan link: 0x0100546f2cd4c9d97f798ffc9755e47865ff7ee6](https://etherscan.io/token/0x0100546f2cd4c9d97f798ffc9755e47865ff7ee6) > [Audit](https://alchemix.fi/a208baf6ca7e0d6b0116461f05e27cd9.pdf) **Poll** : > [https://signal.curve.fi/#/curve.eth/proposal/QmR6jWbBJ87tK5TGgPy8he7MEN3rLeZwSZY4H4EtWmGC8e](https://signal.curve.fi/#/curve.eth/proposal/QmR6jWbBJ87tK5TGgPy8he7MEN3rLeZwSZY4H4EtWmGC8e) ---
**Author:** ![danielesesta](http://gov.curve.finance/letter_avatar_proxy/v4/letter/d/f08c70/32.png) [@danielesesta](http://gov.curve.finance/u/danielesesta)\ **Post date:** [June 15, 2021, 5:33pm UTC](http://gov.curve.finance/t/scip-41-add-an-aleth-eth-pool/1857/4 "2021-06-15T17:33:39Z")
Good Evening, Due to the fact the alETH-ETH pool would have no CRV Rewards i suggest we make a metapool as alETH-[stETH-ETH] the benefit is evident, would bring more depth on the pool and potentially a higher yield to both alETH and stETH holders I’ve prepared a Signal Voting here: [https://signal.curve.fi/#/curve.eth/proposal/QmdnDY85cPcaKQW2WkNjS9cMjSwe4oGGgAbT2Rmxmqq9Sw](https://signal.curve.fi/#/curve.eth/proposal/QmdnDY85cPcaKQW2WkNjS9cMjSwe4oGGgAbT2Rmxmqq9Sw) Best Regards everyone ---
**Author:** ![charlie\_eth](http://gov.curve.finance/user_avatar/gov.curve.finance/charlie_eth/32/646_2.png) [@charlie\_eth](http://gov.curve.finance/u/charlie_eth)\ **Post date:** [June 16, 2021, 2:57pm UTC](http://gov.curve.finance/t/scip-41-add-an-aleth-eth-pool/1857/5 "2021-06-16T14:57:43Z")
Am closing this following a bug found in alETH. ---
**Author:** ![charlie\_eth](http://gov.curve.finance/user_avatar/gov.curve.finance/charlie_eth/32/646_2.png) [@charlie\_eth](http://gov.curve.finance/u/charlie_eth)\ **Post date:** [June 16, 2021, 2:57pm UTC](http://gov.curve.finance/t/scip-41-add-an-aleth-eth-pool/1857/6 "2021-06-16T14:57:47Z")