🔍 Immunefi Audit Competition

The yAudit DAO audit has been completed, clearing the path for v3 launch. The team is now mobilizing migration and launch operations, with a detailed timeline update promised soon. **Background Context:** - Initial v3 audit review was completed earlier in March - Contract size optimizations required splitting some contracts to stay within Ethereum limits - These changes prompted a final security review by yAudit - The team prioritized security throughout the process, despite timeline pressures A comprehensive update with specific launch timelines is expected in the coming days.

**Exploit Detected and Neutralized** Alchemix avoided losses from the March 2 DolaSavings exploit despite indirect exposure through Curve liquidity pools. Hypernative's monitoring system identified the attack during its setup phase, triggering an automatic protocol pause that allowed funds to be withdrawn safely. **Key Points:** - DolaSavings exploit occurred on March 2 - Alchemix had indirect exposure via Curve pools - Hypernative detected threat during setup phase - Protocol auto-paused before damage occurred - Zero losses reported for Alchemix The incident demonstrates the value of proactive security monitoring in DeFi protocols. Full case study available from Alchemix.

**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.

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 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.