Alchemix v3 Launches with 6,413 Auto-Migrated Positions Across 3 Chains
Alchemix v3 Launches with 6,413 Auto-Migrated Positions Across 3 Chains
🔄 6,413 positions moved...
Alchemix has published its first v3 Journal, detailing the protocol's largest operational milestone to date.
Key Developments:
- 6,413 user positions automatically migrated from v2 to v3 across three chains without requiring user action
- MYT basket expanded to include sfrxETH, weETH, and iUSD
- New DeFi integrations: Euler's 4-way market, Pendle deposits, Chronicle oracles, and Alchemix Ecosystem vault
- Built-in Swap and Bridge functionality added to the app
- Phase Two introduces extended Transmuter terms and additional fixed-yield capacity
Current Metrics:
Total Value Locked stands at approximately $30.4M and growing despite broader market conditions.
The journal includes a Learning Corner explaining how to convert alAsset market discounts into fixed yield opportunities.
The Alchemix Journal is back, rebuilt from the ground up for v3. Edition #1 covers the first 3 months of Alchemix v3: ✦ The largest operation in Alchemix history: 6,413 positions migrated across 3 chains from v2 to v3, with no user action required ✦ The MYT basket grows:
Alchemix Integrates EtherFi's Liquid Restaking Protocol for Enhanced MYT Yields
Alchemix has integrated EtherFi, DeFi's largest liquid restaking protocol with over $3 billion in TVL, to enhance its MYT yield stack on Mainnet. **Key Integration Details:** - weETH rewards now added to Alchemix MYT - EtherFi's liquid restaking token (weETH) earns native ETH staking rewards plus additional yield layers - Integration brings liquid restaking capabilities to Alchemix users The partnership combines Alchemix's self-repaying loan infrastructure with EtherFi's established liquid restaking foundation, offering users access to stacked yield opportunities through the MYT product.
Alchemix Integrates with Jumper for Direct Vault Deposits
Alchemix has partnered with Jumper to enable direct deposits into the Alchemix Ecosystem Vault through Jumper Earn. This integration follows a recent collaboration with Pendle, which allows deposits into ETH and USDC Mix-Yield Tokens. **Key developments:** - Users can now access Alchemix vaults directly via Jumper's platform - Part of a broader v3 integration strategy - Builds on previous Pendle integration for Mix-USDC and Mix-ETH tokens These partnerships expand accessibility to Alchemix's DeFi products through established platforms.
Alchemix Extends Transmuter Terms to 9 Months, Raises Exit Fees
Alchemix has announced significant changes to its Transmuter product in response to high demand: **Key Updates:** - Fixed term extended to **9 months** across all chains - Early exit fee increased to **3%** - Exit fees only apply to non-matured portions, scaling down as maturity approaches - New deposit capacity opening from **July 23rd** as Phase One redemptions clear The protocol reserves the right to modify caps, fees, and terms, with major changes announced via social channels. These adjustments aim to accommodate more users while encouraging positions held to maturity rather than early exits.
Alchemix Plans Uncapped Transmuter with Shorter Duration
Alchemix is working toward an **uncapped Transmuter** with **shorter duration transmutations** as its end goal. - The team expects this change will help the peg trade **much closer to par** - Trading range should be **significantly tighter** than current levels - This follows a May re-evaluation of Transmuter caps and durations The upgrade aims to make immediate transmutation more attractive than waiting, improving overall peg stability for the protocol.