Alchemix

The Alchemix grants program is now live, offering an initial $100,000 in ALCX for builders to collaborate and strengthen the ecosystem. The grants will be processed through Questbookapp in approximately one month's time and will be divided into four milestones. The Council has a wishlist of projects they would like built, but they also encourage creative suggestions from the community. Successful applicants will be rewarded in ALCX. More information can be found in the Notion documentation.

Alchemix has signed up with OctavFi to enhance its treasury management. The partnership aims to utilize Octav's platform for advanced insights into Alchemix's DeFi Treasury, improving efficiency and compliance. By consolidating all DeFi financial data in one place, Alchemix expects greater achievements in transparency in the DeFi space.

Alchemix community has re-enabled the alETH Transmuter and opened up bridging of alAssets between Optimism, Arbitrum, and Mainnet. Users can refer to the user docs for more information.

Alchemix grant project, Alchemistresses, merges NFTs, DeFi, and on-chain governance to create a community-owned treasury on Optimism. The mint is currently open and will end on January 17th.

Alchemix is offering stable yields through its VesperFi USDC and FraxFinance FRAX vaults. Users can deposit USDC or FRAX, borrow up to 50% of their deposit value immediately, and continue earning interest on their full deposit.

Blueprintfi_eth will be joining Alchemix Friday Fireside to discuss what Blueprint is, ve(3,3) incentives and liquidity, gas efficiency and v2 oTokenomics, and Yield-Squared for LPs. The session will take place on Friday, January 5th at approximately 12:00 Noon UTC. Join through the Discord link provided in the bio.

The Alchemix Mainnet AMO has been re-established, providing liquidity for alAssets, backing alETH, and generating revenue for the DAO. Borrowing alETH is now active, allowing users to take new loans and make swaps. The next step is to fully re-back alETH in accordance with AIP-101, which includes a soft target of 0.97 for the AMO, gradually shrinking as more alETH enters the pool. More details can be found in AIP-101 and the AMO reading.

Alchemix is participating in the 12 Days of Protocols by Octav. The community raffle offers a chance to win 150 $OP. Follow the provided steps to enter.

CurveFinance is requesting final checks on their alETH distribution numbers. LPers in alETH / ETH are advised to verify their addresses and correct numbers for ETH before the hack, alETH before the hack, and ETH to recover. The proportion of funds eligible to claim will be based on the ETH to recover value divided by the total ETH to recover. CurveFinance should be contacted directly for any incorrect numbers and updates can be found on their Discord.

RamsesExchange alAsset pools on Arbitrum are currently offering high yields. Ramses is an efficient DEX that aims to be the native liquidity layer on Arbitrum. The alUSD is a synthetic debt asset of Alchemix, backed by the underlying stablecoin. GRAI is the debt token of Gravitaprotocol, enabling interest-free loans against LSTs. FRAX is a decentralized stablecoin pegged to the US dollar. Providing liquidity for these assets on RamsesExchange will reward with RAM and xoRAM tokens.