Summary On July 30th, 2023, Curve contacted the Alchemix team alerting us of a vulnerability in several of their pools, including our alETH — ETH pool. The Alchemix Multisig team immediately started work to pull AMO-owned liquidity from the affected pool, and they successfully removed 8,027 alETH before the remainder of…

Alchemix has developed a liquidity migration tool designed to facilitate the seamless transition of liquidity from any Sushiswap or Uniswap v2 liquidity pool to a corresponding 50/50 or 80/20 Balancer pool, while also staking the LP tokens in Aura. Instead of creating a one-time-use solution or a tool that needs…

Are you LPing in the Sushi pool? As a precursor to the deployment of veALCX, the DAO is transitioning its liquidity from the current Sushi 50/50 ALCX/ETH pool to the new Balancer 80/20 ALCX/ETH Pool. This will mark the first step on the path towards Alchemix revenue being directed towards…

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. …

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…