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. Keeping the global deposit caps…

Recently, some community members noticed discrepancies between the amount of collateral they initially deposited and the amount that they had actively working to repay their debts. After some investigation, the Alchemix core team noticed a small bug in the Alchemist.liquidate() function.

Last week we shared our vision for the Alchemix DAO and updated tokenomics to great reception among our community. Now, we would like to share the general outline of our vision with the rest of the DeFi community. Please keep in mind that this is a high-level overview and that…

Our multi-chain strategy Alchemix is diversifying 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, especially where audits have the advantage to…

When Alchemix was originally launched, we never anticipated our peg stability module, the Transmuter, to exceed 9 figures in value, with both the alUSD and alETH transmuters holding over $100m in value each. To take advantage of this, Alchemix began deploying these reserves in Yearn and passed the extra yield…