Seasons Beatings
Issue #20
Intro
Alien drone incursions? Return of the bull market? Elon thinks Gary Gensler is a snail now? Things kept getting weirder in 2024 and show no signs of slowing as we enter 2025. Here is what happened since our last Newsletter.
Protocol Statistics
We also have an additional fun fact - since the inception of gALCX, over 56,000 ALCX have been automatically compounded for gALCX holders!
Hot off the press, Quarterly Report Here!
The Q2 Financial Report is now available on the Alchemix website and a summary is available here. Thanks to all of our team members for putting this report together and highlighting our performance this quarter! For those of you who love reading financials as much as we do, please checkout the report in full and come discuss it with us on Discord :)
Protocol News and Announcements
Goodbye, Old Friend
Alchemix retired the alUSD-3CRV Curve pool this October to focus resources on the v3 rollout effort. No need to worry, we still have other incentivized opportunities for you at Alchemix.
Earning With Alchemix
Alchemix offers a variety of yield options for alUSD and alETH after taking a loan from the protocol. We partnered with several other protocols to provide users with potential earning options with liquidity pairs. View our Alchemix Stats page (EARN) to see the current strategies and yields.
Look at all those chooks
Check out the Alchemix Stats page for an up to date summary of protocol holdings by asset. Token liquidity is important for protocols to navigate market changes in the DeFi space. Open discussions about the holdings and values of each are encouraged in our Discord.
Ooh Piece of Candy!
Artwork by community member ! Jacob !
We like Halloween just as much as the next kid, so this year we made it extra sweet with some special activities! In addition to a super spooky Fireside, complete with themed community artwork, we had exclusive NFTs and media giveaways! The Halloween artwork is available for your viewing pleasure on Discord. Boo!
Community and Media
Alchemists, Assemble!
Alchemix is participating in Degen Arena, the first online multiplayer, play-to-earn survival game. There are monthly tournaments to participate in for cash prizes! Gameplay is available on mobile and desktop through Degen Arena.
Look, A New Friend!
alETH and alUSD pools are now available on Lynex, a protocol that provides access to complex Automated Liquidity Managers (ALMs) to normies.
Don’t Leave Me, ENS :(
A partnership with Curve Finance and Gelato allows users to self repay ENS domain fees, powered by Alchemix alETH loans. Deposit sufficient funds in an alETH position and let the magic of perpetual fee payments go to work. Never lose your ENS domain again with our help.
Hercules 👏Hercules 👏Hercules 👏
Nitro pools, offered through Hercules, are customizable duration-fixed pools that can offer an additional layer of yield rewards. Alchemix recently partnered with Hercules to provide extra pool rewards on Metis L2. Hercules is an AMM focused on protocol owned liquidity.
Quest Complete!
Our Arbitrum quest generated quite a buzz and has finally come to an end. We had fantastic participation throughout the community and a great time was had by all. Thanks to all the participants of this great endeavor, and to the hard working team who set this all in motion!
Saving the planet, one incentive at a time
Balancer v3 is helping to build a more sustainable DeFi space by streamlining the way AMMs build and expand. By reducing the amount of required code and automating low-level development tasks, builders can focus on innovation instead of worrying about compute power on complex code. Alchemix has generated over $87k worth of USDC incentives for ALCX/ETH pool voters, made possible by Balancer.
We’re gonna have to go right to Ludicrous Speed
Two new vaults were launched on Arbitrum and were granted boosted rewards for a few weeks after opening. 8000 ARB was distributed to these vaults during that time, giving users extra yield. Keep an eye on the Alchemix X account for more opportunities like this in the future.
Fireside Fine Art 2024
Every Friday, Gorby and team host a Fireside chat on Discord where all things are discussed. We mean it, everything is a topic of conversation; crypto, world news, music, chooks and bees. There is also a friendly art contest during each Fireside where the community can submit artwork based on scientifically chosen criteria and win prizes. Here are the winners from 2024. Congratulations to all the accomplished artists who won! Join the crew in 2025 for more Fireside fun and the chance to show off your artistic abilities.
The Learning Corner
Earlier this year a Questbook Grant Program was submitted and approved, kicking off an effort to revamp the Alchemix User Documentation. Thanks to @iamcapote, the protocol now has shiny new user guides for community members to utilize. DApps can be scary and complex sometimes, so it is super important that new users are well informed and supported as they start their DeFi journey. Oh, and all you seasoned degens out there, a quick refresher won’t hurt. We promise.
ICYMI
Catch up on all the governance updates and new articles since the last edition.
AIP-113 - Initial Funding of the Alchemix Association
Results of AIP-111
AIP-112 - Alchemix Grants Continuation
Results of AIP-113
Resources
Stay safe online! When using Alchemix, always be sure that you are interacting with the official resources:
Website: https://alchemix.fi
X: @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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