Welcome to the completely reimagined Alchemix Journal, which has been redesigned from the ground up specifically to support v3. In Edition 01, we provide a comprehensive review of the initial 3 months following the Alchemix v3 launch.
The standout achievement of this period was executing the most massive transition in the history of Alchemix. We seamlessly moved 6,413 positions from v2 to v3 across 3 different chains, all without requiring a single action from our users. Financially, the protocol has shown incredible resilience. Our total value locked stands at approximately $30.4M TVL, a number that keeps climbing even amidst a bear market.
The ecosystem continues to expand with the addition of sfrxETH, weETH, and iUSD into the growing MYT basket. We are also seeing widespread integration of MYTs and alAssets throughout the broader DeFi landscape. Recent developments highlight the debut of the Alchemix Ecosystem vault, dedicated Chronicle oracles, MYT deposits facilitated by Pendle, and the 4-way market on Euler.
For enhanced user convenience, Swap and Bridge functionalities have now been natively integrated directly into the application. Looking ahead, Phase Two is officially underway, bringing fresh fixed-yield capacity alongside extended terms for the Transmuter.
To round things out, we have included a special Learning Corner in this issue. Here, you can discover strategies for converting market discounts on an alAsset into a reliable fixed yield.
You can read all the details in Edition #1 via the attached link.
The standout achievement of this period was executing the most massive transition in the history of Alchemix. We seamlessly moved 6,413 positions from v2 to v3 across 3 different chains, all without requiring a single action from our users. Financially, the protocol has shown incredible resilience. Our total value locked stands at approximately $30.4M TVL, a number that keeps climbing even amidst a bear market.
The ecosystem continues to expand with the addition of sfrxETH, weETH, and iUSD into the growing MYT basket. We are also seeing widespread integration of MYTs and alAssets throughout the broader DeFi landscape. Recent developments highlight the debut of the Alchemix Ecosystem vault, dedicated Chronicle oracles, MYT deposits facilitated by Pendle, and the 4-way market on Euler.
For enhanced user convenience, Swap and Bridge functionalities have now been natively integrated directly into the application. Looking ahead, Phase Two is officially underway, bringing fresh fixed-yield capacity alongside extended terms for the Transmuter.
To round things out, we have included a special Learning Corner in this issue. Here, you can discover strategies for converting market discounts on an alAsset into a reliable fixed yield.
You can read all the details in Edition #1 via the attached link.