Alchemix Mainnet AMO Restored and alETH Borrowing Now Active
Alchemix Mainnet AMO Restored and alETH Borrowing Now Active
The Alchemix Mainnet AMO has been re-established, providing liquidity for alAssets, backing alETH, and generating revenue for the DAO. Borrowing alETH is now active, allowing users to take new loans and make swaps. The next step is to fully re-back alETH in accordance with AIP-101, which includes a soft target of 0.97 for the AMO, gradually shrinking as more alETH enters the pool. More details can be found in AIP-101 and the AMO reading.
1/ Our Mainnet AMO is re-established! 馃敟 The AMO provides alAsset liquidity, backs $alETH, and generates revenue for the DAO. alETH borrowing IS NOW ACTIVE, so new loans can be taken and swapped! The next step is to fully re-back alETH in accordance with AIP-101.
Alchemix v3 Enters Final Security Review Before Launch
Alchemix has completed its initial v3 security audit with yAudit. The audit fixes pushed contracts close to Ethereum's size limit, prompting the team to split some contracts to allow room for future updates. Due to the significance of these changes, Alchemix has requested a second round of review from yAudit before proceeding with migration and launch. The team emphasizes they are prioritizing security over speed as they approach the final stages of the v3 rollout.
Smol v3 Audit Progress Update
**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.
Alchemix Treasure Hunt Wraps Up with Four Winners
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.
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)