🔍 Immunefi Audit Competition

Alchemix is launching its V3 upgrade with automatic migration starting February 6th. **Key Details:** - All V2 positions will be automatically migrated to V3 - Migration follows the approval of AIP 123 - Users have been given multiple advance notices over the past two weeks - The protocol will handle the migration process automatically This represents a significant protocol upgrade for Alchemix's self-repaying loan platform. Users with existing V2 positions should be aware that the transition happens tomorrow without requiring manual action.

Alchemix is organizing a treasure hunt at ETH Denver, with details to be announced on February 11th. **Key Details:** - Event location: ETH Denver conference - Information drop: February 11th - Reward: Free alETH tokens for participants The hunt appears to be part of Alchemix's community engagement strategy at one of crypto's largest conferences. Participants will need to wait for the February 11th announcement to learn how to participate and claim rewards.

A comprehensive security audit of Merkl's protocol has been completed and published on Code4rena. The audit examined the protocol's smart contract architecture and identified several areas requiring attention. **Key Findings:** - Multiple security vulnerabilities were discovered during the review process - The audit focused on Merkl's core functionality and token distribution mechanisms - Recommendations for improvements have been provided to the development team The full technical report is now available for community review at [Code4rena](https://code4rena.com/reports/2025-11-merkl). Developers and users are encouraged to examine the findings and understand the protocol's security posture. This audit represents an important step in ensuring the safety and reliability of the Merkl platform as it continues to evolve.

Alchemix has completed a comprehensive security audit of its v3 Transmuter system. Security researcher @alpeh_v conducted a detailed analysis focusing on: - Synthetic debt registration mechanisms - Collateral reduction processes - Overall system architecture This review adds to Alchemix's existing v3 audit coverage, reinforcing the protocol's commitment to security before launch. The v3 upgrade introduces significant changes including 90% loan-to-value ratios and a redesigned Transmuter system. The audit report provides technical insights into how the new Transmuter handles debt positions and collateral management.

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.