What is the impact of Olympus Pro on Alchemix? Which KPIs can be measured to highlight this?
Introduction
Alchemix voted to start Protocol Owned Liquidity around the 10 Sept 2021, they moved it to a snapshot vote which ended on the 17 Nov 2021.
Analysis
Price of their token didn't do well in the following days until around Oct 13 where you see the spike in volume traded and price.
However, the BTC price started pumping around that time which brings me to the conclusion that that it was not Olympus Pro that made the pump, rather it was by BTC increasing in price which made all the alt coins go up. You could even say that because LP incentives were pulled from the LP, the token price took a hit.
Conclusion
Alchemix's token price is currently around the same price after the huge dump when POL was implemented. Hopefully we don't see it deteriorate anymore as people who wanted to dump the token have all left their protocol.