Alchemix
Empowering you with Self-Repaying, interest-free, and non-liquidating loans
Empowering you with Self-Repaying, interest-free, and non-liquidating loans
Alchemix highlighted a tool from @WalletChan_ that enables single-transaction vault deposits, removing an extra step from the deposit flow. The exact mechanics are short on detail, but the tool is framed as a convenience improvement for entering Alchemix vaults.
Alchemix raised its Transmuter caps on Ethereum Mainnet, opening more room to lock in fixed-rate yields. Current fixed rates are USDC at 13.5% APR and ETH at 5% APR. Locking alAssets at today's rate returns 1:1 underlying at maturity, so the raise lets more users lock the prevailing rate before it moves.
Alchemix is running Transmutation Edition #26, a limited NFT art mint by @ohnehals. The mint stays open until the end of August, after which the edition will no longer be available.
Alchemix added Fluid as a yield source for MYT on Ethereum Mainnet. Developed by the Instadapp team, Fluid contributes a highly efficient USDC lending market to the mixUSD allocation.
Alchemix integrated EtherFi, the largest liquid restaking protocol, to add weETH rewards to the MYT (Ecosystem Vault) yield stack on Ethereum Mainnet.
Alchemix's Ecosystem Vault (v3) is now accessible through Jumper Earn, letting users deposit into the vault directly from Jumper. ETH deposits earn across Alchemix v3 yield sources, powered by Lagoon Finance.
Alchemix announced v3, introducing the Transmuter's fixed-duration redemptions (for alAsset peg stability), up to 90% LTV borrowing, and a DAO-managed Mix-Yield Token (MYT) built on Morpho V2.
The attacker began returning stolen assets to the affected protocols, ultimately returning approximately $8.9 million (roughly 15% of the total taken), rather than being prompted by apprehension.
An exploit of Vyper compiler reentrancy bugs hit multiple Curve pools; Alchemix was among the affected protocols, losing roughly $13.6 million.
After an R&D, audit, and testing period, v2 was opened to the public, adding multiple collateral types (USDC, USDT) for alUSD and new al-assets such as alETH and alBTC.
A bug on the newly launched alETH vault let borrowers withdraw their ETH collateral without repaying their alETH loans, releasing roughly 2,000 ETH (about $4.8M) prematurely — so-called 'free money.' The team ran a recovery campaign (NFT/ALCX rewards) that returned a large share of the funds.
The protocol went live on Ethereum mainnet with the alUSD vault (DAI collateral earning yield via Yearn), pioneering 'self-repaying loans,' and held the ALCX token generation event the same month. ALCX launched without presales or external funding.
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