Intro
Alchemix is now live on Optimism, so naturally, we had to add to the always-growing line of low-hanging fruit Optimism puns with this issue’s title. Puns aside, we have exciting updates regarding the sunsetting of v1, the mobile UI, the first Alchemix hackathon, and much more!
Protocol Statistics
News & Announcements
Optimistic Alchemix has Launched!
The optimistic have been rewarded (had to fit one more pun in) with Alchemix on Optimism! AAVE vaults are supported for the three primary stablecoins, and wETH. Deposit caps are currently $5m for each stablecoin strategy and 3k wETH for the AAVE wETH strategy. Check out the tweet below for more information.
Sunsetting Alchemix v1
Alchemix v1 has been officially deprecated. All TVL in v1 has been migrated to an idle adapter, which allows users to move their positions to v2 in one transaction with no slippage. Alchemix v1 positions will not earn yield until they are migrated to v2.
Mobile UI is Live
Rejoice, dear ant readers - for Alchemix is now small-screen / mobile inclusive! Other front-end updates include more transparency around governance, front-end updates and contract interactions.
Alchemix Hackathon through Gitcoin
Alchemix participated in the Gitcoin Money Legos Hackathon, which resulted in many high-quality submissions. Second prize went to Tajobin for their work on integrating Alchemix with Aztec. First prize went to wary for their implementation of Self-Repaying ENS domains.
Q2 Financial Report
The Q2 financial report was released on August 10th.
The Vault Migration Tool is Live
Users can now switch between vaults with the same assets.
ICYMI
Catch up on all the governance updates and new articles since the last edition.
The Alcheverse - ERC-4626
What is it? Why does it matter? How does it apply to Alchemix? A new article on ERC-4626 by community contributor IMIMIM.
Governance Update #18
[AIP 65] ALCX/SDL token swap with SaddleDAO
Results of [AIP-64] Acquire YFI for participation in the veYFI gauge voting system
[AIP-64] Acquire YFI for participation in the veYFI gauge voting system
Results of [AIP-63] Alchemix x Idle - USDC Clearpool Senior PYT Integration
[AIP-63] Alchemix x Idle - USDC Clearpool Senior PYT Integration
Results of [AIP-59] Increase Velodrome stake
Results of [AIP-62] Alchemix Optimism + AAVE Launch Configuration
[AIP-59] Increase Velodrome stake
[AIP-62] Alchemix Optimism + AAVE Launch Configuration
Results of [AIP-61] Migrate v1 to v2 and sunset v1
[AIP-61] Migrate v1 to v2 and sunset v1
Results of [AIP-60] ALCX Resonate Treasury Deployment
[AIP-60] ALCX Resonate Treasury Deployment
Results of [AIP-58] Gitcoin Cause Grants Round (GR15)
[AIP-58] Gitcoin Cause Grants Round (GR15)
Results of [AIP-57] Temporary Elixir Harvest Framework
Community & Media
Runtime Verification Post-v2 Update
Runtime Verification shared a blog update about working with Alchemix after the v2 audit.
CLUCK CLUCK
Thanks to an army of community contributors, Alchemix now supports multiple languages, including Chook.
Yearn Fee Reduction
Ca-Ching
Alchemix-stats has a new page to track 3rd-party yield opportunities for alAssets.
Public Goods are Good
Alchemix donated to GR15, including DeSci, per AIP-58.
Moom the Scoopy is Leaking
Frax-alicious
FRAX has created an ALCX/FBP pool on Curve.fi with competitive APRs due to bribes.
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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