Alchemix

Alchemix has become a founding customer of Immunefi's Magnus security platform, enhancing protocol protection through multiple features: - Early-access audits and dedicated bug bounties for immediate feature vetting - AI-powered continuous automated scanning for transaction monitoring - Strategic Customer Council membership for platform development input This follows Nexus Mutual's recent partnership with Magnus, which integrates decentralized cover into the platform's unified security dashboard. The collaboration aims to strengthen DeFi security through automated threat detection and streamlined protection measures.

Defi.app has launched their degen arena faction system with Alchemix as a key participant. Members who join the Alchemix faction receive: - Early access to the defi.app platform - Airdrop rewards based on faction ranking - Opportunity to increase both personal and faction allocations Join through [defi.app](https://app.defi.app/join/rmKh9w) to participate. **Note**: Use platform at your own risk.

**Key Updates:** - Connext bridge service ends June 13th, 2025 - Wormhole becomes sole bridging route for alAssets/ALCX until end of June (with rate limits) - Linea & Metis chains will have no bridging paths for ~2 weeks - LayerZero OFT integration launching late June **Important Notes:** - Bridge transactions initiated before June 13th will complete successfully - Users should either bridge before June 13th or wait for LayerZero integration - AIP-20 proposal for LayerZero upgrade open for community discussion *Action Required:* Review your cross-chain positions and plan transfers accordingly.

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.

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.

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.*

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 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.

Alchemix has announced that the claim link for Arbitrum quest rewards is now available via Layer3. Claims officially open at 15:00 UTC. Key points: - Claim link: https://app.layer3.xyz/quests/alchemix-rewards-2 - Quest participation: - 3,028 alETH Quests completed - 3,001 alUSD Quests completed - 17,860 Streaks by 2,470 unique users Participants are encouraged to claim their rewards promptly. This follows the successful completion of the Alchemix Arbitrum quest on Layer3, which ended on September 25, 2024.

Alchemix announces a partnership with Hercules DEX to enhance liquidity in the Metis L2 ecosystem: - Hercules' Nitro Ignition Campaign will offer rewards for LPs of alAsset pairs - This initiative aims to create a baseline of liquidity for Alchemix on Metis - Hercules team to join Alchemix's Friday Fireside on September 27th at 12:00 PM UTC - Event will include more details about the campaign - Regular features like Music quiz and Art contest will also be part of the Fireside Join the Discord for more information and to participate in the event.