Alchemix Grants Program Now Live
Alchemix Grants Program Now Live
The Alchemix grants program is now live, offering an initial $100,000 in ALCX for builders to collaborate and strengthen the ecosystem. The grants will be processed through Questbookapp in approximately one month's time and will be divided into four milestones. The Council has a wishlist of projects they would like built, but they also encourage creative suggestions from the community. Successful applicants will be rewarded in ALCX. More information can be found in the Notion documentation.
DeFi Protocols Adopt Safe Harbor Agreements for White Hat Hackers
A dozen DeFi protocols have joined the **Safe Harbor Agreement**, providing legal protection for white hat hackers who intervene to save funds during protocol exploits. The agreement promises **not to prosecute** ethical hackers who step in to prevent or mitigate damage from security breaches. This creates a safer environment for security researchers to act quickly when they discover vulnerabilities. Key benefits: - Legal immunity for white hat interventions - Faster response times during exploits - Enhanced protocol security through community participation This initiative represents a significant step toward **collaborative security** in DeFi, encouraging responsible disclosure and intervention rather than malicious exploitation. [Read the full details](https://www.dlnews.com/articles/defi/a-dozen-defi-protocols-adopt-safe-harbor-agreements-for-white-hat-hackers/)
Stake DAO Curve Strategies Upgrading to V2
**Stake DAO is transitioning its Curve strategies** on mainnet to Staking V2 starting next week. **Key details:** - Affects users LP'ing with alAssets - Curve sUSD/sUSDe strategy users must upgrade to v2 - **Action required this week** to continue earning rewards **What you need to do:** - Check if you're using affected Curve strategies - Upgrade to Staking V2 before the transition - Review the official update from Stake DAO **Timeline:** Transition begins next week, so users should act promptly to avoid interruption in earnings.
Euler V3 Enters Audit Phase
Euler's V3 protocol has officially entered the audit phase, marking a significant milestone in its development roadmap. Three respected firms will conduct comprehensive security reviews: - ChainSecurity - SpearbitDAO - OpenZeppelin This follows the successful completion of multiple audits for Euler v2 in April 2024. The audit phase represents one of the final steps before the V3 deployment. *Security remains a top priority* as Euler continues building robust DeFi infrastructure.
Alchemix Reports 112% Growth on Arbitrum in Q3 2024
Alchemix has released its Q3 2024 Financial Report covering July through October. The protocol showed significant growth across multiple chains: - Improved pricing for alETH and alUSD tokens - 112% expansion on Arbitrum network - 20% growth on Optimism chain The report demonstrates continued expansion of the self-repaying loan protocol across Layer 2 networks. Full details available in the comprehensive report and summary on Medium.
Beefy Finance Launches New alETH-alUSD CLM Vaults on Optimism
Beefy Finance has introduced new Concentrated Liquidity Management (CLM) vaults for alETH-alUSD pairs on Optimism. - The vaults feature auto-compounding yield functionality - Users can choose between 50/50 or single-sided positions - CLM technology optimizes utilization for enhanced yields Available now on app.beefy.com under the Optimism network selection. *Visit Beefy Finance to explore these new yield opportunities.*