Alchemix DAO Takes Control of Mix-Yield Token Strategy Management

Alchemix has integrated Auto-powered automated liquidity provider (LP) yield farming into its Mix-Yield Token (MYT) vaults on Mainnet, expanding beyond traditional lending markets and liquid staking tokens. **Key Features:** - Captures optimized trading fees and incentives through automated LP farming - Minimizes impermanent loss risk - Provides diversified yield layer for Mainnet strategies - Complements existing integrations with Euler, Aave, Fluid, and Yearn **Governance:** - DAO controls strategy compositions, risk tiers, and caps - All changes are transparent and on-chain - Community-driven yield sourcing decisions Full strategy details, risk classifications, and vault caps are available in the [official documentation](https://docs.alchemix.fi/user/concepts/myt-and-yield#per-chain-variants).

Alchemix has reintroduced rewards for its ALCX/WETH liquidity pool on Balancer, offering a 10% APR. **Key Details:** - Direct incentives now run through [Merkl](https://merkl.xyz) following Balancer's discontinuation of the veBAL system - BAL emissions are no longer distributed to pools under the old model - Liquidity providers can deposit at [Balancer's V3 pool](https://balancer.fi/pools/ethereum/v3/0x1535d7ca00323aa32bd62aeddf7ca651e4b95966) This follows Alchemix's earlier migration from Balancer V2 to V3 pools in January 2026, when the protocol shifted incentives to a new Core Status pool structure.

Alchemix has temporarily extended transmutation times to **20 weeks for alETH** and **16 weeks for alUSD** as part of a strategic scaling initiative. **Key Changes:** - Transmuter caps raised to 115 alETH and 100k alUSD initially - Further cap increases every 2 days over the next two weeks - Extended durations enable 1.6x faster capacity scaling **The Strategy:** Longer transmutation periods allow the protocol to absorb more liquidity while maintaining competitive APRs. This increased liquidity enables more loans, which in turn opens up additional Transmuter capacity—creating a positive feedback loop. After this adjustment period, the team will re-evaluate caps and durations to ensure transmuting immediately remains more attractive than waiting. The v3 Transmuter converts discounted alAssets to their underlying assets at 1:1 ratio, providing fixed-rate yield opportunities while supporting peg stability. [Learn more about fixed yield](https://alchemix.fi/fixed-yield)

**The v3 Transmuter** is Alchemix's peg stability mechanism that converts discounted alAssets into their underlying assets at a 1:1 ratio. **How it works:** - When alAssets trade below peg, users can deposit them into the Transmuter - The protocol burns these alAssets and locks in today's discount - Users receive the underlying asset 1:1 at a predetermined maturity date - This creates a fixed-rate yield opportunity while supporting the peg Alchemix v3 launched with comprehensive audits from Spearbit, Cantina, Nethermind, yAudit, Immunefi, and independent researchers. The upgrade introduces 90% LTV vaults, new Mix-Yield Tokens, and the Fixed-Duration Transmuter. Liquidity providers benefit from tighter pegs, more reliable fees, and reduced volatility risk. [Read the full article](https://alchemixfi.medium.com/introducing-alchemix-v3-037a2ed26ab6)