Alchemix raises Transmuter caps, updates fixed-rate yields
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.
Sources
- We just raised Transmuter caps on Mainnet. Our current fixed-rate yields: ✦ USDC: 12% APR ✦ ETH: 7% APR Deposit alAssets at today's rate and receive 1:1 underlying at maturity. Lock in: https://t.co/TwG0w2aL21 https://t.co/ibqoEaZD5ix.com ↗
- We just reduced Transmuter term lengths. Our current fixed-rate yields on mainnet: ✦ USDC: 12.15% APR ✦ ETH: 6.16% APR Lock in fixed yield: https://t.co/P66JLjJhqz https://t.co/uBcIq6jfsUx.com ↗
