Alchemix

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.

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.

**Security experts to examine DeFi's potential** as a legitimate financial system in upcoming discussion. - @Ov3rKoalafied and Mitchell Amador from @immunefi will host X Spaces session - **Focus on history, security, and future** of decentralized finance - Discussion coincides with completion of v3 audit contest reports **Event Details:** - Date: December 16th - Time: 2PM UTC - Platform: X Spaces The conversation aims to address whether DeFi can evolve beyond experimental protocols into robust financial infrastructure. Security remains a critical factor in mainstream adoption. [Set reminder here](https://x.com/i/spaces/1DXxyWakAjYGM?s=20)

**Alchemix delivered solid Q2 2025 results** with global deposits reaching over $45 million, marking 12.9% quarterly growth. **Key achievements include:** - Secured 100,000 OP token grant for user incentives - Enhanced security through partnerships with Cantina & SEAL - Launched Holyheld Debit Card beta program - Maintained growth momentum ahead of v3 launch The DeFi protocol continues building despite market volatility, following Q1's resilient performance during ETH's 45% decline. [Read the summary](https://alchemixfi.medium.com/alchemix-q2-2025-report-summary-d31ec98cc4a9) | [Full report](https://docs.alchemix.fi/resources/audits-and-reports/financial-reports)

**Community-driven win for Safe Harbor adoption** We secured the @_SEAL_Org Adopter award thanks to strong community engagement and support. **Key highlights:** - Award recognizes Safe Harbor adoption efforts - Community participation was crucial for the victory - Organizations can still adopt Safe Harbor protocols **What's next:** If your organization hasn't explored Safe Harbor yet, now's the time to check out their offerings. *Thanks to everyone who engaged and made this win possible.*

**Immunefi audit competition launches October 14th** at 14:00 UTC with **$100,000 in rewards** up for grabs. The two-week security audit will focus on the v3 system, offering substantial bounties for vulnerability discoveries. - **Start date**: October 14th, 2:00 PM UTC - **Prize pool**: $100,000 total rewards - **Duration**: Two weeks - **Focus**: System-wide v3 audit A code walkthrough session is planned to help participants understand the codebase before the competition begins. Security researchers and auditors can participate in this bug bounty program to help strengthen the platform's security infrastructure.