This is a summary of the Alchemix Q1 2023 report which can be found in full in the Alchemix GitBook. This report provides relevant data for Q1 2023, 1 January 2023 to 31 March 2023. The first quarter of 2023 brought many developments into the crypto space and into the…

Ever lost your ENS? Now you never have to again. Alchemix is proud to present its Self-Repaying ENS tool, SRENS. Anyone with an ETH position in Alchemix may authorize the tool to mint new loans as necessary to automatically renew one or more ENS domains of their choosing. Before we…

This is a summary of the Alchemix Q4 2022 report which can be found in full in the Alchemix GitBook. Key Insights The fourth quarter of 2022 brought many developments into the crypto space and into the Alchemix world, including the following: The FTX exchange and Alameda Research collapsed in early November…

What is delegation? As the protocol becomes more decentralized, it is key that the community’s participation in governance is at a high level, and that each proposal is considered carefully. To that end, Alchemix recently introduced a minimum quorum of 50k ALCX. To aid in achieving quorum for governance, an ALCX vote delegation…

Back in May, we shared a general outline for the Alchemix DAO and updated ALCX tokenomics. The positive reception from the community gave us the go-ahead to create a detailed specification around how veALCX will function. We are pleased to report that the specification is done, and that development has…

Working with KlimaDAO, we have offset our entire historical carbon footprint. KlimaDAO calculated we would need 4,390.96 tCO2 of on-chain carbon offsets to make Alchemix carbon neutral, allowing us to amplify our climate impact messages with a dedicated media partnership. Background According to Kyle McDonald’s emissions estimates, the Ethereum network…

Our multi-chain strategy Alchemix is continuing to diversify across multiple chains as they become feasible. There are many factors that contribute to our expansion plans, including the integrity of our product and security of our alAssets. Managing the protocol across multiple chains should be as consistent as possible. One way…

Since we launched Alchemix v2 in March, we have seen a significant amount of TVL move over from v1 to v2, aided by the migration tool we provided for Alchemix users. Despite having this tool and several months to migrate, there are still over 10k ETH and 50m DAI locked…

AAVE Vault strategies are now live on Alchemix. The addition of these vaults adds further yield sources to our continually expanding ecosystem. The global deposit cap for each asset has been kept the same or reduced by taking unused cap space from the Yearn-strategy vaults. …