Alchemix launches v3 on Base with unrestricted Transmuters

Alchemix is now live on Base with its v3 protocol — described as its fastest deployment yet and the only chain where v3 runs unrestricted, featuring 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, selectable from the logo dropdown menu.

To support the deployment, Alchemix launched two new alUSDb/USDC pools — Basic and Concentrated — on Aerodrome, with deposit links live.

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

The launch comes after Alchemix shipped v3 in April, marking five years since the protocol introduced the Self-Repaying Loan.