Alchemix Community Announcement: ALCX Tail Emissions Activated
Alchemix Community Announcement: ALCX Tail Emissions Activated
After celebrating their three-year anniversary, Alchemix has successfully activated the $ALCX tail emissions, setting them at a fixed rate of 2200 ALCX per week. This represents a 4.5% inflation of the supply, which will gradually decrease in the future. The responsibility will now shift to future veALCX holders. Follow @AlchemixFi for more updates.
V3 Cap Raises Paused Amid KelpDAO/LayerZero Security Review
The protocol has temporarily paused planned v3 cap raises while addressing an ongoing issue between KelpDAO and LayerZero. **Key Points:** - Cap raises on hold until security concerns are fully resolved - Team prioritizing thorough resolution over speed - Update expected soon The decision reflects the protocol's commitment to ensuring all systems are secure before scaling operations. This follows previous statements about v3 being designed to handle evolving DeFi challenges and unknown future scenarios. The team emphasized wanting "everything airtight" before proceeding with expansion plans.
Alchemix V3 Launches with Capped Deposits, Full Release Monday
Alchemix has officially launched **V3** with a new user interface and completed migration of all positions from V2. **Key Details:** - New UI is now live at [alchemix.fi](http://www.alchemix.fi) - All V2 positions have been fully migrated - **Limited deposit caps** currently in place as safety measure - Caps will be lifted Monday for full public launch The phased rollout allows the team to verify system stability before opening deposits to all users. This follows the previously announced migration timeline from February.
馃幆 Migration Complete
A major protocol upgrade has successfully concluded, moving user funds from v2 to v3 contracts across three blockchain networks. **Migration Statistics:** - 6,413 user positions transferred - $4.87M in stablecoins migrated - 12,107 ETH moved to new contracts - Nearly 20,000 transactions executed - 7 signers coordinated the process The week-long migration process, which began in early February, required the protocol to go offline while the team snapshotted all accounts and recreated positions in the updated v3 infrastructure.
Alchemix v3 Launch Imminent After Week-Long Migration from v2
**Alchemix v3 is set to launch in approximately one week** following the completion of a major protocol migration. **Key Updates:** - v2 contracts have been frozen as the migration process begins - All existing positions are being transitioned to v3 over the next week - The protocol will return online with the v3 launch **Major v3 Features:** - **90% loan-to-value ratio** (up from previous limits) - New Transmuter system - MYT (Manage Your Transmuter) vaults - Complete architectural upgrade **Migration Details:** The team has published a comprehensive migration guide explaining the transition process and new features. Users are encouraged to review the documentation to understand how their positions will be affected. Full migration details: [The Great Alchemix v3 Migration](https://alchemixfi.medium.com/the-great-alchemix-v3-migration-df1c4d77ccdb)
Smol v3 Audit Progress Update
**Audit Milestone Reached** Smol v3 development continues with key security progress: - yAudit DAO system-wide audit began last week - All additional testing completed - Further updates coming soon This follows the previously announced Immunefi audit scheduled for October 6th. The protocol offers self-repaying, interest-free, and non-liquidating loans.