ALCHEM||X

Issue #8 | April 2022

Editorial

Greetings to all the Alchemists out there. In this edition we’re very pleased to announce that Alchemix v2 has been launched and is ready for use on Ethereum mainnet! Read the launch announcement in the News & Announcements section, as well as several interesting updates that have followed along in the days after.

We’re also pleased to announce an expansion of the Alchemix Journal. The newsletter team is scaling up, and so we’re implementing a new format that can better support our ambitions. See our article Into the Alcheverse for details of the new structure and content.

With the successful launch of v2, the core team took a moment to surface from their many months of hard work to shed some light on the various paths forward for Alchemix. Excitingly, Alchemix will be establishing a grants program to support the community in building out the Alchemix ecosystem. Community member Barree has already taken the initiative by producing an impressive dashboard showing various Alchemix statistics - be sure to check it out in the Community & Media section.

That’s it from us for the time being; keep an eye out for the first of the new publications to hit your inbox SOON(TM).

Artwork courtesy of community member Jacob.

Protocol Statistics

Note:

• v2 APY is shown and does not include boosted yield; see AIP-41 and AIP-43 for more info.

• APY delta values are measured in basis points (bps).

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News & Announcements

Wen Soon Became Now

Alchemix v2 is live! After an extensive R&D, audit and testing period, v2 was opened to the public on March 15th, 2022. This represents an enormous milestone for the entire Alchemix team, as well as the auditing team at Runtime Verification.

Alchemix @AlchemixFi

It's been just over a year since we launched Alchemix. Since then we have seen the protocol grow to become among one of the largest issuers of soft pegged USD and ETH assets. Alchemix v1 was big. Welcome to Alchemix v2! alchemix.fi

March 15th 2022

89 Retweets379 Likes

Alchemix v2 Auto-Migrations

STOP! Before rushing to liquidate an Alchemix v1 loan, check out the automagic migration tool that was recently added! It can be used to easily re-establish a loan position in Alchemix v2.

Alchemix @AlchemixFi

Migrate your v1 position to v2 in the most efficient way using our new migration tool. Head over to Alchemix.fi to use it now. To find out more about the migration and how our boosted yields will migrate to v2 check out our medium article alchemixfi.medium.com/migrating-your…

April 1st 2022

10 Retweets46 Likes

Liquid Staked ETH Support Added to Alchemix v2

Alchemix v2 now supports Lido wstETH and RocketPool rETH! This comes only weeks after the initial launch of v2, which exclusively supported Yearn yvWETH as an alETH yield source. These yield strategies are still in beta as they are not yet formally audited, so their Deposit Caps have been set relatively low by AIP-41 so as to ensure that any problems do not cause a systemic risk for Alchemix. Core developer Nomad has also teased that yet another strategy is on the way, with a Yearn stETH/ETH Curve strategy expected to be available soon.

Alchemix @AlchemixFi

We are proud to announce that wstETH and rETH have now been enabled as collateral for alETH!

April 1st 2022

53 Retweets215 Likes

ALCX Holders Offered Citadel CTDL Presale Access

As one of the Knights of the Citadel, Alchemix was offered up to 3,000 slots in the coming Citadel token presale. Alchemix has preselected Patron and Alchemech NFT holders for this list, with the remaining opened to ALCX holders on an Alchemix governance snapshot vote.

Keystone Wallet Giveaway

Hardware wallet manufacturer Keystone supplied Alchemix with 3 Keystone Pro units, valued at $169 USD each. Congratulations to the winners.

Calling All Builders

The Alchemix v2 technical documentation has been released. Alchemix v2 is designed as a composable platform, enabling third parties to leverage Alchemix to build their own innovative products. For additional information, see a short introduction to delegated credit with Alchemix, as well as a pending Alchemix Grants Program.

Alchemix @AlchemixFi

For all those looking to build on the AlchemistV2 architecture we'd like to invite you to inspect our documentation. Look out for our full launch of v2 very soon(TM). alchemix-finance.gitbook.io/v2/

March 7th 2022

43 Retweets184 Likes

Curve tALCX/ALCX Pool Live

Holders of tALCX now have an option to bypass the Tokemak cycle-based lockup period by swapping directly for ALCX via the new Curve tALCX pool. With Tokemak recently transitioning to a weekly cycle, this pool couldn’t have come at a better time.

Kraken Joins The Party

Kraken is the latest CEX to list the ALCX token. Read about it here.

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Into the Alcheverse

Since our first issue in September, we’ve been publishing a new Alchemix Journal approximately once per month. With the constant flow of news and updates, we’re finding that we are outgrowing a single publication. Therefore, we’ve established four new publications that will run independently of each other in order to keep followers updated and informed on all things Alchemix.

• The Governance newsletter will provide timely updates on Governance activities, including AIPs, snapshot votes, and general DAO updates.

• Real-World Alchemy will be a predominantly user-sourced publication, containing use cases and stories from Alchemix users. We have a couple of these stories in the pipeline, and are interested in capturing more. If you have found a novel use of Alchemix then we’d really like to hear from you!

• The Alcheverse will have a greater focus on more in-depth, long form articles that don’t normally fit into the existing Alchemix Journal publication. These articles will be mainly sourced from the newsletter team and community, but could also include guest pieces from other projects in the ecosystem. Our first article will be a deeper dive into Alchemix v2.

• The Alchemix Apprentice aims to help get the newest entrants into the world of Alchemix up to speed. This publication will provide tips and general information about how to get the most out of Alchemix.

These will stand alongside the existing flagship Alchemix community publication - The Alchemix Journal - which will provide a feed for News & Updates directly from the project, as well as a short summary of each of the new publications.

We hope that this new structure will allow the team behind the community newsletter to be more responsive to developments in the space, ensuring the delivery of timely information in a more accessible format.

These publications are still distributed via Substack, so subscribers will automatically receive a copy in their email each time they are published. It’s also possible to opt in or out of each publication independently via the Substack subscription panel.

We’re looking forward to delivering new content and hope you’ll follow along on the journey!

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Community & Media

We Get Signal

With Alchemix v2 deployed to mainnet, some of the Alchemix core team took a moment to shine a light on the path ahead.

Nomad @nomad_defi

Alchemix V2 yield asset roadmap as of 3/16/2021: Currently supported: Yearn. Pending audit: AAVE, Compound. Needs review: Rari Fuse. Needs R&D: Curve liquidity tokens (single-sided), Vesper.

March 17th 2022

15 Retweets119 Likes

foobar @0xfoobar

Pumped to present @AlchemixFi V2! Today: multistrategy, built for composability, higher LTV, gALCX autocompounding Soon: veALCX gauge voting, new alAssets, AMO stability mechanisms, & multichain expansion Let’s build 💪🔥

scoopy trooples @scupytrooples

I am thrilled to present Alchemix v2 to the world. What is Alchemix v2 and why is it a game changer? 👇🧵

March 15th 2022

7 Retweets51 Likes

Liquid Staked ETH and Alchemix: A Match Made In Heaven

Scoopy braindumps on what the addition of wstETH and rETH might mean for users of Alchemix.

scoopy trooples @scupytrooples

I'm so INSANELY bullish on @AlchemixFi $alETH going forward. We have deployed the stETH and rETH vaults (in beta with small caps now), and after we scale them up the potential is staggering. /1

April 1st 2022

95 Retweets503 Likes

Alchemix Statistics

Alchemix community member Barree has produced an awesome dashboard - check out Alchemix Statistics.

Messari Demystifies Alchemix

Chase Devens from Messari contends that it might be the most misunderstood protocol in all of DeFi! Be sure to check out his excellent Alchemix breakdown below.

Chase @chasedevens

Alchemix is arguably the most misunderstood DeFi protocol on the market. "Self-repaying loans" are more than a meme - they're the basis for a credit system that can power DeFi in a similar manner to today's fractional-reserve banking system. 1/

March 24th 2022

196 Retweets814 Likes

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Governance

Keep an eye out for our new Governance publication.

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Resources

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

• 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.