Alchemix Reports 112% Growth on Arbitrum in Q3 2024
Alchemix Reports 112% Growth on Arbitrum in Q3 2024
📊 112% Growth or Glitch?
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.
The Alchemix Q3 2024 Financial Report is now live! Covering July 1 – Oct 1 of 2024, this quarter brought a variety of positive developments across our ecosystem. Huge thanks to our dedicated team for putting these reports together! Read the highlights ⬇️
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.
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.*
Latest alAsset Yield Opportunities Across Networks
Current high-yield opportunities for alAssets across major networks: - **Arbitrum** (via Ramses Exchange): - alETH-ALCX: 108% APR - alUSD-alETH: 88% APR - **Optimism** (via Velodrome): - alETH-OP: 35% APR - alUSD-USDC: 31% APR - **Mainnet** (via Convex): - ALCX-FRAXBP: 118% APR - alUSD-FRAXBP: 32% APR Track current yields at alchemix-stats.com/earn
Alchemix Retires alUSD-3CRV Curve Pool Rewards
Alchemix announces the retirement of rewards for the alUSD-3CRV Curve pool after more than three years. The current reward epoch will conclude on October 16th, 2024. Key points: - Rewards for alUSD-3CRV Curve pool ending - Last reward epoch ends October 16th, 2024 - Liquidity providers encouraged to explore alternatives Alchemix recommends that current liquidity providers in this pool investigate other incentivized opportunities. For more information on available options, visit: https://alchemix-stats.com/earn **Action item:** If you're currently providing liquidity in the alUSD-3CRV pool, consider exploring alternative incentivized opportunities before October 16th.