Alchemix Newsletter

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2022: The Year of Growth
alchemixfi.substack.com

2022: The Year of Growth

Issue #6 | January 2022

Alchemix Newsletter
Jan 25
3
Share this post
2022: The Year of Growth
alchemixfi.substack.com

Editorial

Welcome to 2022, the year of growth for Alchemix. It's been a little over a month since the previous edition of the Alchemix Journal, so this issue is packed with news and updates.

Up front is the launch of the Alchemix Cinematic Ad and behind the scenes trailer. Also featured this month is an article from Ov3rkoalafied, who provides insight into some of the less obvious advantages of using Alchemix as a continuous loan provider.

Excited users continue to drop by the Alchemix Discord to ask "wen v2?". More recently this has turned into “wen l2/sidechains?”. Rest assured that the devs are hard at work doing something, and are looking forward to making announcements in due course. Until then, take a look in the Media & Community section of this issue for a hint on a possible first sidechain candidate.

Finally, a quick note regarding the recent volatility in the markets. There has been significant attention given to forced liquidations, which can trigger further instability and liquidations through cascading. The impact on individuals who are impacted by this can be devastating. Alchemix is intended to be a product that protects against this instability by mitigating the risk of being liquidated. See this video for a refresher on how it works, and stay safe out there, anon.

Alchemix Protocol Stats

  • Total Value Locked (TVL) $978,000,000

  • DAI Vault TVL $339,850,737

  • DAI Vault APY 7.779%

  • ETH Vault TVL 99,611.277 Ether ($244,046,950)

  • ETH Vault APY 4.59%

  • Protocol-Owned Liquidity Bonded $8,870,259

  • Twitter Followers 59,000

  • Discord Members 11,700


News & Announcements

Are You Winning, Son?

The Alchemix marketing wizards recently revealed what they have been working on over the past months. It needs no other introduction - go check it out!

alUSD Pair Reactor Launched

Tokemak has launched an alUSD Pair Reactor. This reactor will allow alUSD to be staked in return for TOKE rewards. alUSD stakers are credited with talUSD tokens for use as a DeFi lego. TOKE stakers in turn can vote for the alUSD reactor in order to direct its liqudity, in return for more TOKE. Read more about Token Reactors and Pair Reactors in the Tokemak article The Balancing Act.

Twitter avatar for @TokenReactor┻┳ TOKEMAK (☢️,☢️) @TokenReactor
Pilots, @AlchemixFi wizards - please report to the Tokemak. An $alUSD reactor is now live for deposits on
tokemak.xyz.
Image

January 14th 2022

29 Retweets216 Likes

Alchemix is GMI

The Index Coop, in collaboration with Bankless DAO, has launched the DeFI Growth Index ($GMI). The GMI token consists of the top growth-focused protocols in the DeFi ecosystem. The Alchemix ALCX token has been included in this index with an allocation of 9.1%.

Twitter avatar for @AlchemixFiAlchemix @AlchemixFi
Congrats to @BanklessHQ who’ve just launched their Innovation Index $GMI. We’re chuffed that our ALCX token represents 9.1% of it 🔥🧙‍♂️
Image

Index Coop | Year of the 🦉 @indexcoop

📣 Attention innovators, adventurers, and risk-seekers Announcing the @banklessDAO DeFi Innovation Index $GMI 💯 https://t.co/ArETPAWyUe

January 6th 2022

39 Retweets231 Likes

APY.Finance Integrates The Curve-alUSD Pool

DeFi protocol APY.Finance has added the Curve alUSD pool as a yield source. Both new and existing depositors into apy.finance now have automatic exposure to the pool, helping to boost alUSD liquidity in the process.

Twitter avatar for @AlchemixFiAlchemix @AlchemixFi
RT @apyfinance:
APY.Finance 🤝 @AlchemixFi APY.Finance integrates Alchemix's Curve-alusd pool. Read more: https:/…APY.Finance: The Most Efficient Yield-Farming Robo AdvisorFind the best, risk-adjusted yield by fully automating crypto yield strategies with just a few clicks.apy.finance

December 9th 2021

23 Retweets

Flipping Your Perspective on Alchemix Loans, Part One

Good job, you found the alt text. No poap this time.
Read the article if you’d like this image to make sense…

Two very common questions we get from users learning about Alchemix are “how long does it take to pay off my loan?” and “why would I take a loan that takes several years to pay itself off?!”. Contributor Ov3rkoalafied has written an article to demonstrate why the loan repayment time doesn’t matter. Part One is specifically aimed at those new to Alchemix and/or DeFi. Stay tuned for Part Two, which will dive into more complex examples for those more familiar with Alchemix and DeFi.

Click here to read the article.


Community & Media

Scoopy Trooples on Goodwill Yunting

Alchemix co-founder Scoopy Trooples appeared on Goodwill Yunting together with 0xMaki from the Tokemak project for the End of Year DeFi Panel. Listen in to hear discussion about DeFi 2.0, the general DeFi ecosystem, and hints at the upcoming Alchemix DAO revolution.

A Look Back at the Year That Was

Twitter avatar for @AlchemixFiAlchemix @AlchemixFi
This year’s been a bit of a wild ride, so before v2 launches in the new year we thought we’d take a look back 👀🧙‍♂️
youtu.be/M3mYSVtRvVkAlchemix look back over 2021youtu.be

December 23rd 2021

12 Retweets66 Likes

Behind the Scenes on the Alchemix Cinematic Ad

The Alchemix media team has drawn back the curtain on the Cinematic Ad that was recently launched. The team explains the motivation behind the video, as well as its conceptualisation, filming and production - including the use of a sophisticated (but potentially deadly) robot. Read all about it and then see the behind the scenes video!

The Self-Repaying Ring

Congratulations to Kieranpm.eth and his fiancée, who recently became engaged. Kieran announced that he used an Alchemix self-repaying loan to fund the engagement ring.

Twitter avatar for @whatsallthissKieranpm.eth (3,3) (〖〗,〖〗) @whatsallthiss
Happy New Year everyone Also, SHE SAID YES!! :) On the crypto geeking front, self-repaying ring thank you @AlchemixFi and @scupytrooples and @ribbonfinance
Image
Image
Image

January 1st 2022

6 Retweets238 Likes

TVL on the Menu in 2022

Alchemix contributor Ov3rkoalified outlines some of the key benefits of Alchemix v2 and how it might help Alchemix to increase its TVL.

Twitter avatar for @Ov3rKoalafiedOvΞrKoalafied | -% | Smooth Brain Capital @Ov3rKoalafied
Here is the most straightforward explanation of why @AlchemixFi v2 will eat defi TVL over the course of 2022.

December 30th 2021

18 Retweets39 Likes

Welcome Home

Early ALCX holder 0x7d54 has posted a twitter thread outlining their reasons for returning to the Alchemix community and taking on a new position in ALCX.

Twitter avatar for @0x7d540x7d54 @0x7d54
I just executed another long-term DeFi protocol investment: >10,000 $ALCX (1.1% of all circulating @AlchemixFi supply). This is already one of the most brilliant-ever DeFi protocols and it is now poised to release Alchemix v2, which I believe will be huge. A 🧵 with my thesis: 1/

December 27th 2021

130 Retweets645 Likes

What’s He Trying To Say?

Twitter avatar for @scupytrooplesself-repaying scoopy 2.0 is hiring @scupytrooples
I'm a fan of ghosts 👀

January 12th 2022

10 Retweets169 Likes
Twitter avatar for @scupytrooplesself-repaying scoopy 2.0 is hiring @scupytrooples
please shill me your top 10 projects that are only on fantom

January 10th 2022

24 Retweets234 Likes

Governance

See below for a summary of all governance proposals since the previous issue of the newsletter.

  • [AIP-33] Premia Finance Alchemix Options

    • Scoopy Trooples proposes a partnership with Premia Finance to enable options trading of ALCX on the Premia platform. Read more here and see the vote here.

      • Proposal passed.

  • [AIP- 32] TOKE WAR (Bonds)

    • Community member dixie proposes an emissions adjustment to facilitate harvesting of additional TOKE rewards from Tokemak. Read more here and see the vote here.

      • Proposal passed.


References

Stay safe online! When using Alchemix, always be sure that you are interacting with the official resources:

  • Website: https://alchemix.fi

  • Twitter: @AlchemixFi

  • Discord: https://discord.gg/alchemix

  • dApp: https://app.alchemix.fi

  • Medium: https://alchemixfi.medium.com

Disclaimer

This newsletter is provided for informational purposes only and does not constitute any kind of advice. Use cryptocurrencies and Decentralized Finance (DeFi) at your own risk.

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2022: The Year of Growth
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