Intro
Come one, come all, to the latest edition of the Alchemix Newsletter! Crypto has had its fair share of disaster moments of late, but Alchemix continues to build. Since the last edition, we’ve seen a few key improvements to the clarity of the protocol, including the latest financial report, an overhaul of Alchemix-Stats, and an update to the user docs. And in case that wasn’t enough reading, there are plenty of governance updates and Alchemix mentions in the community. Enjoy!
Protocol Statistics
News & Announcements
Vesper Vaults now Available
Users can now take Alchemix loans off of Vesper Finance yield strategies.
USDT Paused and Unpaused
New loans, deposits, and debt repayments of USDT were paused due to recent events in crypto surrounding the collapse of FTX. They have since been resumed.
The Spice Must Flow
In cooperation with Arrakis, Alchemix launched a Uniswap v3 pool consisting of alETH and alUSD. As of this writing, the rewards APR for this pool is still over 40%!
Q3 2022 Financial Report
The Q3 Financial Report is now available. The report dives into numerous financial aspects of the Alchemix protocol.
Documentation Update
The Alchemix User Docs have received an overhaul to provide more clarity and more resources for anyone looking to learn more about Alchemix. Included in the docs is the new community governance process, which runs through the Alchemixed Opinions snapshot. Additionally, the quorum for the main snapshot has been set to 50k ALCX, so make sure to vote in new governance proposals!
Alchemix x Multifarm
Multifarm has been working closely with Alchemix to provide live data on both the Alchemix Treasury and Elixir AMOs. We are pleased to announce that their work is completed and has been integrated into alchemix-stats.com, complete with a visual overhaul!
Reset, Inset, we all bet on Offsets!
Let’s ignore that poorly inspired play on our favorite childhood ice cream song, and focus on the fact that Alchemix DAO has worked with KlimaDAO to offset Alchemix’s entire historical carbon footprint.
ICYMI
Catch up on all the governance updates and new articles since the last edition.
[AIP-67] Historic Emissions Offset
Results of [AIP-65] ALCX/SDL token swap with Saddle DAO
[AIP-66] Arrakis alUSD/alETH Univ3 Pool rewards
New community governance process
Results of [AIP-67] Historic Emissions Offset
[AIP-68] Launch Yearn vaults and vault migrator on Optimism
[RFC] Frax Base Pool AMO and alUSD Collateral
Results of [AIP-66] Arrakis alUSD/alETH Univ3 Pool rewards
[AIP-70] Resume stETH strategies
[AIP-71] Migrate deposits from the temporary migration contract to v2
[AIP-73] StakeDAO Curve Incentive Platform Trial
Results of [AIP-70] Resume stETH Strategy
[AIP-72-A] Initiation of the alUSDFRAXBP AMO
[AIP-72-B] Addition of FRAX as alUSD collateral
[AIP-73U] Fair Funding Platform by Unstoppable
Results of [AIP-71] Migrate deposits from the temporary migration contract to v2
Results of [AIP-73] StakeDAO Curve Incentive Platform Trial
Community & Media
Grant Request by Unstoppable:DeFi
Unstoppable:DeFi is building a platform for self-repaying startup funding by integrating Alchemix. They requested a grant from Alchemix to help fund their audit through the community governance process - see Governance Update #24 for more information.
Alchemix and veYFI
Messari released an article on Yearn and the new veYFI tokenomics. In the DAO Treasuries section the article mentions how the new system could benefit Alchemix.
Alchemix is a Noun
Community member 0x7d54 is leading a proposal for the NounsDAO treasury to use Alchemix for investments:
Scoopy Scary Skeletons
Scoopy made a halloween appearance on the Frax Flywheelpod to discuss Alchemix’s proposals to integrate FRAX into alUSD and to shift alUSD liquidity to the FRAX Base Pool. FRAX also made an appearance at the Friday fireside - the recording is available here.
ALCX Silo Market
Alchemix’s cows from the April Fools secret cow level needed a home, so we sent them to the Silo, of course! As a thank you, Silo Finance has recently listed an ALCX isolated lending market.
Well that’s a new use case!
So who’s got a spare clown outfit?
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.
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