Intro
Plenty has happened since our last Newsletter - In case you missed it, the governance section of the newsletter has been providing timely updates on when voting for new AIPs go live, and there have been a lot of new AIPs! Let’s use this edition to look at all the recent governance updates as well as relevant news from Alchemix partners throughout the DeFi space. Additionally, we have big news with the launch of the AAVE vaults!
Protocol Statistics
We also have an additional fun fact - since the inception of gALCX, over 5,900 ALCX have been automatically compounded for gALCX holders!
News & Announcements
AAVE Vaults have Launched!
Alchemix depositors can now choose yearn or AAVE as the yield source for Alchemix loans on USDC, USDT, Dai, and (W)ETH. Additionally, a migration tool that will allow users to switch between yield strategies is due for release soon(TM).
Alchemix GitBook update
The Alchemix user documents have been updated with a new section, walking users through how to use Alchemix. Note that even more updates are coming soon (TM) to reflect the latest v2 changes and to dive deeper into various technical components of Alchemix so non-technical users can better understand the system.
Alchemix on Fantom is now recognized by DeBank
DeBank, a user portfolio tracking tool, recently announced they are now tracking Alchemix v2 positions on Fantom. DeBank is also tracking Alchemix on Ethereum, which was previously announced.
The first Alchemix Monthly Wrap-Up tweet launched
Follow our Twitter to see future wrap-ups each month.
The growing Alchemix ecosystem
The Alchemix ecosystem is always expanding. Here’s a sampling of the many protocols we’ve worked with, integrated with, used, or been integrated by.
Alchemix in the Phuture Defi Index is Pretty Darn Interesting
Alchemix has been included in the newly launched Phuture Defi Index (PDI). Phuture also stopped by the Alchemix Fireside chat to talk about their product.
PopcornDAO onboards alUSD farming
PopcornDAO is a platform for yield farming to fund public goods. They recently incorporated alUSD LP pool farming into their strategy.
Stake DAO spills the alpha
Stake DAO released a case study detailing how Alchemix used the liquid locker products, through ownership of sdCRV and SDT, to achieve more efficient bribes with the recently acquired CRV stack .
Fantom bribes are alive and well
Bribes are being offered for voting in favor of gALCX/WFTM LP using the inSPIRIT gauge on SpiritSwap. APRs for ALCX and alUSD liquidity on Fantom are continuing each week for those interested in providing liquidity. Note, APRs have changed since the below tweet. ALCX emissions are being used to incentivize the Beethoven X alUSD pool and the SpookySwap gALCX/FTM pool. Beefy Finance has also launched a yield optimizer for SpookySwap gALCX/FTM LP.
Alchemix now listed on Token Terminal
Token Terminal is a tool for tracking protocol metrics and analytics. The dashboard can be viewed here.
ICYMI
Catch up on all the governance updates since the last edition.
AIP-57 Temporary Elixir Harvest Framework
Results of AIP-56 Vault Migrator Tool
Update on AIP-50 Fund Initial Paladin Warden Quest for alETH
AIP-56 Vault Migrator Tool
Results of AIP-55 Set rETH and stETH Deposit Caps to Zero
AIP-55 Set rETH and stETH Deposit Caps to Zero
Results of AIP-53 Move D3 Pool Token Emissions to alUSD/FBP
Results of AIP-54 AMO and Transmuter Operating Framework
AIP-53 Move D3 Pool Token Emissions to alUSD/FBP
AIP-54 AMO and Transmuter Operating Framework
Results of AIP-52 Alchemix Aave Strategy Launch Configuration
AIP-52 Alchemix Aave Strategy Launch Configuration
Results of AIP-51 Staking Pools Emissions Allocation Adjustment
AIP-51 Staking Pools Emissions Allocation Adjustment
Results of AIP 50 Fund Initial Paladin Warden Quest for alETH
AIP-50 Fund Initial Warden Quest for alETH
Results of AIP-49 Emissions Adjustments (Olympus Pro Bonds and TOKE Farming)
Community & Media
Podcasts are back on the menu
Podcasts are back! But this time, it’s not just Scoopy; PoolTogether chatted with Techno on their podcast, while Ov3rkoalafied dropped in for an AMA at StealthEx. Scoopy did also make an appearance in an in-depth interview about Alchemix, the state of the market, and what DeFi founders should know:
Update on Flipping a House with Alchemix
Randcorp has continued to provide updates on flipping a house with Alchemix, see below for the first video since the last newsletter and check the YouTube channel for more.
Congrats to the Keystone seed phrase tablet winners!
The folks from Keystone stopped by a Fireside chat to discuss their physical wallet and company plans. As part of a promotion for this AMA, Keystone held a drawing and gave away some Keystone phrase tablets.
Conversion bug resolved
Users who were affected by the conversion bug were also made whole after the fix was implemented.
Threadoor
Friendly DeFi threadoor Haym Salomon wrote a thread on Alchemix. Note that the thread is based on the Alchemix tokenomics medium post, which details how veALCX could work, but features are entirely subject to change as development work progresses.
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.