Alchemix Launches Mana Rewards Program for v3 Migration
Alchemix Launches Mana Rewards Program for v3 Migration
🔮 Alchemix v3 incoming
Alchemix has launched Mana, a transparent incentive system to reward users during the v3 migration. The program is now live across Ethereum, Optimism, Arbitrum, and Linea.
How Mana Works:
- Vault users earn 1 Mana per $100 value per day
- LP users earn based on average of Jan 15, 2025 and current balance
- Participants receive a share of 10,000 rALCX after migration
- Rewards vest to ALCX over 6 months (early claim option available with burn penalty)
Migration Timeline:
- Automatic migration begins February 6th, 2026
- Protocol will be offline for one week during migration
- LP rewards accrue for 1 month post-launch
- Users can opt-out by withdrawing before Feb 6th
The v3 upgrade includes 90% LTV, new Transmuter, and architectural improvements. Treasury covers slippage exceeding 0.25% for automatic migrations.
4/5 You can now view your exact Mana, and the total Mana of all participants, directly within the dApp. This value updates daily and shows where your sources of Mana have accrued from, allowing you to track your share of the 10,000 rALCX in real-time.
Introducing Mana: Alchemix v3 Migration Incentives. To support the transition to v3, we are launching Mana, a transparent system that rewards users for keeping liquidity within the Alchemix ecosystem and migrating existing positions. Here’s how it works and what you earn 🧵
5/5 Mana is live across Ethereum, Optimism, Arbitrum and Linea, with LP rewards accruing for 1 month post-launch. The v3 migration & Mana rewards represent a broader commitment to optimizing Alchemix tokenomics. Learn more: x.com/AlchemixFi/sta…
🚨 V3 Migration Update 🚨 Following the passing of AIP-123, we will soon be initiating the automatic migration of all v2 positions to v3. Here is the timeline, the process, and how we are rewarding users who migrate with us. 🧵
3/5 From February 6th, 2026, we will be performing an automatic migration of user funds to v3 contracts. During this week long process, the protocol will be offline. We will snapshot all accounts, secure funds in a migration multisig, and recreate the exact positions in v3.
2/5 Mana is built to be fair and transparent, rewarding vault & LP users for verifiable on-chain activity. ✦ Vaults earn 1 Mana per $100 value per day. ✦ LPs earn an average of Jan 15th, 2025 and current balance. Full breakdown on eligibility: medium.com/@alchemixfi/in…
5/5 Alchemix v3 represents a total architectural upgrade (90% LTV, new Transmuter, MYT). To ensure liquidity and user experience aren’t fractured, we must move the protocol forward together. We invite you to take this next step with us.
4/5 Your Options 1️⃣ Migrate automatically: Leave funds in v2. We minimize impact, and the Treasury covers slippage exceeding 0.25%. You’ll also earn “Mana” (a share of 10k ALCX). 2️⃣ Opt-out: Withdraw funds before Feb 6th. You can redeposit manually after v3 is live.
3/5 By participating in the Mana program, you’ll receive vested rALCX after the completion of the v3 migration. ✦ Mana converts to a share of 10k rALCX, with a 6-month vest to ALCX. ✦ Rewards can be claimed early, burning any remaining unvested ALCX.
Alchemix Announces V3 Migration for Self-Repaying Loan Protocol
Alchemix is launching a major platform upgrade with its V3 migration. The protocol, known for offering self-repaying, interest-free, and non-liquidating loans, has published detailed migration information for existing users. **Key Points:** - Official migration details available on [Medium](https://alchemixfi.medium.com/the-great-alchemix-v3-migration-df1c4d77ccdb) - The upgrade affects current deposits and loan positions - Users should review the complete breakdown to understand impacts on their holdings The V3 upgrade represents a significant evolution for the DeFi lending protocol. Existing depositors will need to familiarize themselves with the migration process and any changes to their positions. Alchemix continues to differentiate itself in the lending space by eliminating liquidation risk and interest charges while enabling loans that repay themselves over time through yield generation.
V3 Migration Begins February 6th Following AIP 123 Approval
The automatic migration of all v2 positions to v3 is set to begin on **February 6th**, following the approval of AIP 123. **Key Details:** - Migration starts in one week from January 30th - All v2 positions will be automatically migrated - Users who participate in the migration will receive rewards The timeline and process details are available in the project's Medium article. This follows previous announcements that began on January 17th, outlining the migration plan and reward structure.
Alchemix v3 Migration: Auto-Transfer or Opt-Out by Feb 6th
Alchemix is migrating user funds from v2 to v3 contracts starting **February 6th, 2026**. The protocol will be offline for approximately one week during this transition. **Two options for users:** - **Automatic migration**: Leave funds in v2 and let the protocol handle the transfer. Treasury covers slippage over 0.25%, plus users earn Mana (share of 10k ALCX) - **Manual opt-out**: Withdraw funds before Feb 6th and redeposit after v3 launches During migration, the team will snapshot all accounts, secure funds in a migration multisig, and recreate positions in v3 contracts.
DeFi Security Experts Discuss Building Real Financial Systems in Upcoming X Spaces
**Security experts to examine DeFi's potential** as a legitimate financial system in upcoming discussion. - @Ov3rKoalafied and Mitchell Amador from @immunefi will host X Spaces session - **Focus on history, security, and future** of decentralized finance - Discussion coincides with completion of v3 audit contest reports **Event Details:** - Date: December 16th - Time: 2PM UTC - Platform: X Spaces The conversation aims to address whether DeFi can evolve beyond experimental protocols into robust financial infrastructure. Security remains a critical factor in mainstream adoption. [Set reminder here](https://x.com/i/spaces/1DXxyWakAjYGM?s=20)
Alchemix Reports 12.9% Deposit Growth to $45M in Q2 2025
**Alchemix delivered solid Q2 2025 results** with global deposits reaching over $45 million, marking 12.9% quarterly growth. **Key achievements include:** - Secured 100,000 OP token grant for user incentives - Enhanced security through partnerships with Cantina & SEAL - Launched Holyheld Debit Card beta program - Maintained growth momentum ahead of v3 launch The DeFi protocol continues building despite market volatility, following Q1's resilient performance during ETH's 45% decline. [Read the summary](https://alchemixfi.medium.com/alchemix-q2-2025-report-summary-d31ec98cc4a9) | [Full report](https://docs.alchemix.fi/resources/audits-and-reports/financial-reports)