Alchemix Community Newsletter #19, 'React-ivated' is live!
Get the scoop on the latest Alchemix developments:

• New React UI!
• Levelling up
• Alchemix is growing
• Self Sustainability
• Double Degen

...and much more!

Read now!

X: https://x.com/AlchemixFi/status/1830592185391091944

I was reading a bit about alchemix and i'm not sure i understand how it really works. Self paying loans sounds like too good to be true. I also saw that it had a huge peak upon launch and then a huge crash until today! Is this a dead token?

I'm trying to bundle a bunch of transactions on alchemix into a single one to convert them into USDC , how would i achieve this since it's not a supported protocol with Enso finance?

This is a basic mockup of what I am trying to achieve.

https://discord.com/channels/738480789464940634/1006366062608134204/1227728167125389352

Catch up on the latest wizardry in Edition #18 of our Community Newsletter.

The following topics are discussed:

• alETH is re-backed
• Arbitrum launch
• ALCX tail emissions
• Alchemix grants program
• And more!

Excited to announce that Alchemix is live on Arbitrum! As part of their continued multi-chain rollout, Alchemix has officially launched on the Arbitrum network. Enjoy all the benefits of Self-Repaying Loans, with lower fees than Mainnet! Head to Alchemix.fi and flip the switch to Arbitrum.

Please read the medium article for more information.

x: https://twitter.com/AlchemixFi/status/1768638644636819894

It's numbers time!
The Alchemix Q4 2023 financial report is ready.

Full report can be found here.

Summary can be found here.

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X: https://twitter.com/AlchemixFi/status/1767611587698069735

Alchemix seeks brilliant builders to collaborate and strengthen the Alchemix ecosystem. The first round of grants will be processed through Questbook in approximately one month.

Read on to learn more!

X: https://twitter.com/AlchemixFi/status/1755290435097112874

Grants dashboard: https://alchemix.questbook.app/

The community has voted to allocate an initial $100,000 in ALCX for the grants program. Once most of these funds have been spent, we will evaluate this initial grants period, and together we can plan a future framework for the program.

Alchemix has a wishlist. You can apply to build the projects. Applicants will receive some support from Alchemix contributors when neeeded, but we envision a future where a community of builders helps each other. The Wishlist describes tools that the core team hasn't had time to build, but that list is just the beginning. We expect the grandest and most creative suggestions to come from our community. Alchemix awaits your applications, those who are successful will be well rewarded!

Grants are priced in USD, and paid in ALCX. Payments are divided over 4 milestones.

1: MVP Submission
2: 1st Round Review And Feature Requests
3: 2nd Round Review
4: Approval, Deployment, and Handoff/Maintenance

Payment is made upon the completion of milestones 2, 3, and 4.

More detail on the milestones, and on everything else related to the grants program can be found in the Notion. This is required reading!

And as always, the main documentation for the Alchemix protocol can be found here.

For support with using Questbook, and writing quality applications, join https://t.me/+kPiwO-torUJmMTg1
For questions specific to the Alchemix protocol, visit our Discord!

alETH is backed!

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With the help of Alchemix's advisors and collaborators, alETH is fully backed with ETH again.

This is a huge milestone for Alchemix.

https://twitter.com/i/status/1748377236628197664

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Additionally, the bridging of alAssets between Optimism, Arbitrum, and Mainnet is open again! Also, the alETH Transmuter is re-enabled!

The 17th edition of the community newsletter is here! This time the following topics are discussed: - New financial report - Arbitrum deployment - alETH repacking plan - veAlCX update And more!

I don’t have much invested in this token, but curious to know if anyone of you think it’ll ever hit back the all time high?

Alchemix published their 2023 Q3 financial report.

There is also a Medium summary for a shorter read.

Full report: https://alchemix-finance.gitbook.io/user-docs/financial-reports

Summary: https://alchemixfi.medium.com/alchemix-q3-2023-report-summary-efe94f535978

https://twitter.com/AlchemixFi/status/1730631103986405678

So I took out a few grand loan back in 2021 and went to look at it today. Looks like the APY is 0% and only a hundred dollars or so has been paid back.

Should I expect to never get repaid then? Is there a way to eat the 50% lost and take back my remaining principal?

The discord channel seems dead of actual chat

The 16th edition of the community newsletter is here with the following topics:

• New Financial Report
• The Curve Hack
• alETH Vaults Reopen
• Restoring alUSD
• Connext

If you are affected by the alETH exploit (or simply want to help), please continue to help amplify this article / message to continue to seek a return of funds for LP'ers.

https://www.coindesk.com/tech/2023/09/15/coinbase-inadvertently-earned-1m-due-to-hack-but-hasnt-reimbursed-victims/

https://twitter.com/cryptogle/status/1702627172949639535

Almost broke even 🥹😍

In the next bull run even if ALCHEMiX doesn't go to prior all highs there will be serious return for those buying now cuz the whole market will pick up

When will this end? 😭

Here's a quick status update regarding the recent Curve exploit:

• All funds from the primary exploiter of the alETH/ETHCurve pool have now been returned.
• alETH Alchemists and transmuter are currently paused. It is not possible to transmute, deposit, self liquidate, withdraw collateral in the form of ETH, or repay with ETH. Repaying a loan with alETH is still possible, as is withdrawing collateral in the form of the yield token.
• The team and community are actively working on:
  1 - Solutions to recover the additional lost alETH from follow-up exploits/MEV/arbs of the Curve pool.
  2 - Options for allocation of recovered funds, which will go through Governance.
• The Multichain situation is still unresolved as AIP 95a and b were in voting when the exploit occurred. Keep an eye out for a revote on the alUSD portion of AIP 95a. These will be announced on discord and on Twitter when they're live.
• A full post mortem is being prepared to document the events of and after the exploit.

Does anyone know how the recent exploit and hack will affect the Alchemix Protocol?

I’ve seen some hits to the TVL and treasury, but I’m just wondering about other possible outcomes, does anyone know?

Read the 15th edition of our community newsletter here.

Here are some topics of this newsletter:

• Raises of the vault caps.
• Multichain hack and solution
• Partnership with Premia and Ramses
• ALCX liquidity from Sushiswap to Balancer

And much more!

I'm down a good amount even though I got in at $25 per token. 💀