Alchemix Grants Program Launch on Questbook

Alchemix has officially launched V3 with a new user interface and completed migration of all positions from V2. **Key Details:** - V3 is now live at [alchemix.fi](http://www.alchemix.fi) - All V2 positions have been successfully migrated - Initial launch includes limited deposit caps as a safety measure - Full launch with lifted caps scheduled for Monday The team is taking a cautious approach by implementing temporary deposit limits to ensure the platform operates correctly before opening to full capacity.

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 team is now finalizing the last technical steps before the protocol goes live on the upgraded infrastructure.

**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)

**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.

The Alchemix Treasure Hunt has officially concluded with four winners claiming prizes. **Winners:** - Three participants found physical envelopes hidden around Denver, Colorado: @smashleybelle, @jason_mart99993, and @alej14and14ro - One winner (@nextblock_eth) won through an online draw The treasure hunt involved physical locations in Denver marked by specific GPS coordinates and What3Words addresses. Winners who haven't submitted their wallet addresses are being asked to DM the Alchemix team. This community engagement event combined real-world scavenger hunting with digital rewards.