Alchemix

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.

After celebrating their three-year anniversary, Alchemix has successfully activated the $ALCX tail emissions, setting them at a fixed rate of 2200 ALCX per week. This represents a 4.5% inflation of the supply, which will gradually decrease in the future. The responsibility will now shift to future veALCX holders. Follow @AlchemixFi for more updates.

@AlchemixFi tweeted about using @yearnfi for trusted yield and leveraging Yearn's yield to provide self-repaying loans.

The Alchemix community can now access a variety of valuable information through the Alchemix Stats dashboard. Users can view details on Treasury Holdings, emissions, inflation, Self-Repaying Loans, Protocol Deposits, Revenue, alAsset backing, liquidity, and recent Harvests. A link to the Gitbook for full financial reports is provided, with the Q4 '23 report coming soon. For any queries, individuals can join the community Discord.

AlchemixFi has officially launched its grants program on Questbook, inviting talented builders to contribute to ecosystem development. For more details, check out the complete thread.

Revelo Intel has released an in-depth analysis of Alchemix. Don't miss out on this insightful content!