Alchemix

Alchemix DAO has officially closed a proposal to donate 15 ETH to a fund. The initial announcement was made prematurely before the proposal had concluded.

Alchemix has announced the adoption of the xERC20 standard for all alAssets, enabling cross-chain transfers of ERC-20 tokens without compromising security. Bridging functionality has been restored and made easier through a partnership with Connext. For now, users must bridge through the Connext UI directly, as part of Alchemix's ongoing multi-chain rollout. The update allows for Self-Repaying Loans with no liquidations across multiple chains, with more features planned in the future.

Alchemix has issued a warning about a scam site offering free $ALCX tokens with the intent of tricking users into signing malicious transactions. The team is working to remove the site and has advised users not to interact with it or the scam token called '! ALCX Reward Token'. Alchemix has also initiated efforts to get the token marked as a phishing token. Users with questions are advised to join the official Alchemix Discord channel.

Alchemix, a decentralized finance protocol, has announced plans to utilize a grant to boost yield for its Arbitrum vault depositors and liquidity providers on Ramses Exchange and Timeless Finance. The grant will be split equally between these two initiatives, with the Arbitrum boost season set to commence in May.

Community has announced that their grant application for Arbitrum has been approved. The grant will provide benefits to Arbitrum users and liquidity providers. Community expressed gratitude to those who voted in favor of the grant. The deployment on Arbitrum is scheduled for May.

Arbitrum Alchemists have announced that the vote for their Arbitrum grant is now live. Holders of the $ARB token are encouraged to vote for the Alchemists' proposal as part of the Long Term Incentive Pilot Program, which aims to distribute 150,000 ARB tokens to depositors and liquidity providers over a 12-week period. Further details and voting instructions can be found in the provided link.

Alchemix, a platform offering self-repaying, interest-free, and non-liquidating loans, has announced the appointment of Will Schwab as an Engineering Manager. Schwab joins Alchemix from Polygon, where he built and managed the Smart Contracts team. His focus at Alchemix will be on the upcoming v3 release of the platform.

The latest edition of the Community Newsletter covers several important updates. It announces the backing of a new project, the launch of Community on the Arbitrum network, a call for builders to join the ecosystem, and information about the ALCX token's tail emissions. The newsletter also includes artwork by @_Jacob______.

Bridging between all chains has been temporarily disabled as Alchemix is upgrading to $xERC20. The upgrade is set to be finished by the end of the week with a forthcoming announcement. Liquidity provision on L2's is still possible using preferred bridges.

Alchemix Fi, known for inventing self-repaying loans in 2021, is planning to reinvent them again in 2024 according to their recent announcement on Twitter.