Alchemix Introduces Self-Repaying Loans with 0 Interest and 0 Liquidation

**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 All changes are **transparent and recorded on-chain**, giving the community direct influence over yield generation methods. **How it works:** - Users deposit collateral to mint MYT - DAO allocates funds across risk-tiered strategies - Automatic rebalancing maintains target allocations - Built on Morpho V2's open-source infrastructure This governance model removes manual management while maintaining community oversight of yield optimization.

Alchemix has introduced the **Mix-Yield Token (MYT)** as part of its v3 upgrade—a single token that bundles multiple DeFi yield strategies with automatic rebalancing. **Key Features:** - One-deposit access to diversified yield across protocols - Automatic risk management and rebalancing - Up to 90% loan-to-value borrowing capability - Multi-chain deployment on Ethereum Mainnet, Arbitrum, and Optimism **Integrated Protocols:** MYT wraps strategies from Euler Finance, Autopools, Aave, Fluid, Yearn Finance, and others. Compositions are curated and capped by risk tier. Full details: [Alchemix Documentation](https://docs.alchemix.fi/user/concepts/myt-and-yield) Get started: [alchemix.fi/mixed-yield](https://alchemix.fi/mixed-yield)

Alchemix has published a comprehensive technical report in collaboration with Alea Research, providing detailed documentation of its v3 protocol mechanics. **Key Coverage Areas:** - Alchemist vault architecture - Temporal mechanics implementation - Economic design framework - Tokenomics structure This follows the recent v3 launch, which introduced **90% loan-to-value vaults**, Mix-Yield Tokens, and Fixed-Duration Transmuters. The protocol underwent extensive security audits from Spearbit, Cantina, Nethermind, yAudit, Immunefi, and independent researchers. The report serves as the definitive technical reference for developers and users looking to understand the protocol's architecture and mechanics. [Read the full v3 introduction](https://alchemixfi.medium.com/introducing-alchemix-v3-037a2ed26ab6)

**Alchemix has integrated Chronicle Labs' Fundamental Oracles for alAsset valuation**, marking a shift from market-based to backing-based pricing. **Key changes:** - alAssets now priced on underlying backing rather than DEX market prices - Low-risk strategy liquidations only triggered by actual underlying losses - Protection against oracle manipulation and volatile DEX pricing **Why this matters:** This implementation prioritizes security by removing exposure to market price volatility and potential oracle attacks. Users in conservative strategies face liquidation risk only when real losses occur in the underlying assets, not from temporary market fluctuations. The move builds on Alchemix's January partnership with [Chronicle Labs](https://twitter.com/ChronicleLabs), chosen for institutional-grade verifiability and transparency standards necessary for scaling tokenized products.

Alchemix has completed its most extensive security review for v3, working with five audit firms and an independent researcher. **Audit Partners:** - Spearbit/Cantina Security - Nethermind - yAudit DAO - Immunefi - Independent researcher alpeh_v The protocol also conducted internal security testing alongside the external audits. This follows a February deep dive by cryptographer alpeh_v into the v3 Transmuter's synthetic debt and collateral mechanics. The comprehensive audit approach demonstrates Alchemix's focus on security before deploying its self-repaying loan protocol upgrade.