Alchemix

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.

Alchemix announces high annual percentage rates (APRs) on their mainnet vaults for deposits of FRAX. Users can deposit FRAX, borrow up to 50% of their deposit value, and continue to earn interest on the full deposit.

Alchemix has partnered with Ogle Security to strengthen their response to malicious activity and enhance their action plan. This partnership follows Ogle Security's exceptional contribution in recovering funds from the recent exploit on Curve Finance.

Alchemix has paid a $100k bug bounty to Immunefi for discovering a vulnerability that could allow the creation of un-backed $alETH on Optimism and Mainnet. The bug has been fixed and no user funds were at risk.

The Mainnet alETH Rebacking Plan and Initial $alETH/$ETH LPer Refund Plan, outlined in AIP 99, are now available for voting.

Alchemix has partnered with Fantom and Multichain to launch a refund system. Users can now redeem their FTM $alUSD and $gALCX for assets on Optimism. A guide has been provided by Alchemix for this process.