Alchemix

Base is moving to 10x faster block times, and because Alchemix v3 Transmuter terms are measured in blocks, the change directly affects Base positions. Existing Transmuter positions will transmute 10x faster, and redemptions against vault positions will also happen 10x faster.

Alchemix launched limit orders with automatic Transmuter deposits, letting users buy alAssets below peg and lock in fixed yield without actively watching the market. Once an order fills, the purchased alAssets are routed straight into the Transmuter, so the position automatically starts earning at the fixed rate.

• The feature is live now, announced via a thread on X explaining how the order flow works and inviting users to place their first order to lock in the exact Transmuter APR they want (order app).
• It works because alAssets often trade just below 1:1, while the Transmuter redeems them at full value after a fixed term — the limit order catches the discount at fill, and the Transmuter converts it into fixed-rate yield.
• It combines a below-peg buy entry with the Transmuter's fixed-rate product, where deposits earn a set APR and receive 1:1 underlying at maturity.

Alchemix raised its Transmuter caps on Mainnet and updated the fixed-rate yields on offer, now 12% APR on USDC and 7% APR on ETH. The change follows the earlier reduction in Transmuter term lengths; users who deposit alAssets at today's rate lock in that yield and receive 1:1 underlying at maturity.

• Fixed rates are secured at deposit time via the Transmuter app.
• Caps were raised on mainnet, so more deposits can now enter the fixed-rate product at current terms.

Following AIP-124, Alchemix has deprecated alAsset bridging on all L2s. The one exception: bridging to Optimism stays open for now, making OP the home for remaining L2 alAsset liquidity, per an announcement on X linking to the governance details.

• The deprecation follows the governance vote in AIP-124; Alchemix published details on its governance page.
• alAsset bridging previously ran across multiple L2s via Alchemix's cross-chain bridge setup, with Optimism now the sole remaining L2 bridge destination.

Balancer DAO approved an orderly winddown (BIP-928), and Alchemix is telling liquidity providers what that means for its ALCX/WETH pools. The companion fork proposal, BIP-929, did not pass.

• Until October 30 nothing changes: pools work as usual and LPs can withdraw anytime.
• From October 30, the v3 80ALCX/20WETH pool moves to withdrawals-only, with withdrawals still available after that date. Alchemix is reminding LPs and recommends moving liquidity to its Curve ALCX/FRAXBP pool instead.

Alchemix announced it is working with Steakhouse and Morpho Labs to route USDC deposits into curated Morpho lending markets, giving MYT on Base a core yield foundation.

• MYT (Mix-Yield Token) is Alchemix's vault token built on Morpho Vaults V2 (ERC-4626); it holds deposits of ETH or USDC and routes them into several yield sources, per Alchemix docs.
• Steakhouse operates a suite of USDC vaults on Morpho across Ethereum and Base, allocating to blue-chip collateral and real-world-asset markets.
• Alchemix shared the announcement as a thread on X explaining why it chose Steakhouse for the integration.

Alchemix is reminding liquidity providers to migrate their alAsset positions after Aerodrome and Velodrome merged into the unified DEX Aero on October 22, 2026. The upgrade is manual — positions are not converted automatically, and LPs must migrate deposits separately to keep earning rewards.

• Alchemix points users to the Aero upgrade hub for the migration steps.
• The merger unified AERO and VELO tokenomics and launched Aero across seven networks; legacy emissions ended at launch.
• Upgrading a token does not move the liquidity position containing it, so alAsset pools on the legacy venues need a separate migration.

Alchemix announced it has completed its Token Transparency Filing under Blockworks' Token Transparency Framework (TTF), confirming the milestone on X and thanking Blockworks. The TTF is an open-source disclosure standard that lets token issuers put material information — such as listing terms, insider allocations and market-maker deals — on the public record, with B-1 (one-time) and B-2 (continuously updated) filing types.

Blockworks launched the Transparency Alliance in May 2026, backed by major exchanges and asset managers, to standardize token disclosures; filings are housed in a public registry at blockworks.com/token-transparency.

Alchemix v3 now supports limit orders in-app, powered by CoWSwap. Users can place orders to buy and sell alUSD and alETH directly from the dApp without leaving the interface.

Alchemix launched v3 on Base — its fastest deployment yet and the only chain where v3 runs unrestricted, with four-week Transmuter terms and no caps on vaults or Transmuters. The deployment is fully siloed with no legacy positions and includes a Base-specific alUSDb; the team also shipped a rare Base theme for the app's front-end.

• Yield: the Base MYT allocates to strategies from Yearn, Gauntlet, and Morpho vaults curated by Steakhouse Finance.
• Liquidity: two new alUSDb/USDC pools — Basic and Concentrated — are live on Aerodrome.
• Borrowing lets users draw up to 90% of a deposit interest-free while collateral keeps earning.