Alchemix Extends Transmutation Times to Scale Liquidity 1.6x Faster
Alchemix Extends Transmutation Times to Scale Liquidity 1.6x Faster
⏰ Alchemix extends wait times
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.
Extending transmutation times lets us absorb more liquidity while offering competitive APRs. More liquidity enables more loans, which opens up more Transmuter capacity, and eventually allows us to bring transmutation times back down. 🔗 alchemix.fi/fixed-yield
The new Transmuter and redemption mechanics allow borrowing up to 90% Loan-to-Value (LTV) through our v3 vaults. Borrow against your deposit whilst earning interest on your balance. Watch your debt shrink, and your collateral grow.
Transmuter Update. We are raising Transmuter caps, starting with 115 alETH and 100k alUSD today, followed by further raises every 2 days over the next two weeks. We have also extended transmutation times. 🧵
aAsset Transmuter caps have been raised on mainnet. We'll also be raising caps in increments over the next few weeks, opening up more Fixed Yield opportunities. Keep an eye on Discord announcements to get in first.
When alAssets trade below their peg, you can deposit them into the Transmuter and lock today’s discount. This burns alAssets to receive the underlying 1:1 at a clear maturity date, supporting the peg and creating a fixed-rate yield opportunity.
Alchemix v3 marks our most comprehensive audit suite to date. We have completed audits from @spearbit / @cantinasecurity, @Nethermind, @yAuditDAO, @immunefi, and independent researcher @alpeh_v, alongside testing using our extensive in-house security suite.
The deep dive on Alchemix v3 is here. The second report with @AleaResearch covers the full mechanics of v3, including alchemist vaults, temporal mechanics, economic design, tokenomics, and much more. This is the complete reference for understanding v3.
x.com/i/article/2051…
Meet the v3 Transmuter, Alchemix v3's peg stability engine and a source of fixed yield for anyone. It converts discounted alAssets to their counterparts at a 1:1 ratio in a fixed time frame. Want to learn more? 🧵
After this period, we will re-evaluate Transmuter caps and durations to ensure it always makes sense to transmute now rather than wait.
The next era of Alchemy has arrived. Alchemix v3 caps are raised, and Transmuters are open. After years of building on what we learned from v2, today we open up 90% LTV vaults, new Mix-Yield Tokens, and the Fixed-Duration Transmuter. The future we envisioned, starts here. 🧵
The new Fixed-Duration Transmuter now creates predictable price support for alAssets. Deposit alUSD or alETH, lock for a fixed period, and redeem 1:1 at maturity. Predictable, fixed-rate yield. LPs also benefit from a tighter peg, more reliable fees, and less volatility risk.
Transmutation times have been temporarily extended to 20 weeks for alETH and 16 weeks for alUSD. These longer durations let us scale Transmuter capacity 1.6x faster.
Alchemix v3 is the new standard for decentralized yield, and we invite you to join us in this next chapter. Welcome to Alchemix v3. Read the full article: alchemixfi.medium.com/introducing-al…
Alchemix Adds Automated LP Farming to MYT Vault Strategies
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 Restores ALCX/WETH Pool Rewards via Merkl
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 v3 Transmuter Turns Discounted alAssets Into Fixed-Rate 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)
Alchemix DAO Takes Control of Mix-Yield Token Strategy Management
**Alchemix DAO now manages Mix-Yield Token (MYT) strategies directly** The DAO controls: - Strategy composition and allocation - Risk caps across conservative, moderate, and aggressive tiers - Fee structures **Key features:** - All changes are transparent and recorded on-chain - Community governance shapes yield sourcing decisions - Automatic rebalancing across risk strategies - Built on Morpho V2's open source infrastructure When users deposit collateral into Alchemix, it mints MYT tokens. The DAO then allocates these funds across different risk strategies without requiring manual management. This decentralized approach gives the community direct control over how yield is generated while maintaining transparency through on-chain governance.