We are delighted to introduce Edition #1 of the newly overhauled Alchemix Journal. This premier issue reviews the foundational 3 months of the Alchemix v3 ecosystem.
Despite operating in a bear market, platform metrics are on the rise, with total value locked climbing to roughly $30.4M TVL. A significant milestone during this timeframe was the migration from v2 to v3. Standing as the largest operation in Alchemix history, the protocol successfully moved 6,413 positions across 3 chains, and this was accomplished with absolutely no user action required.
Our offerings are constantly growing, and the MYT basket now incorporates weETH, sfrxETH, and iUSD. The presence of MYTs and alAssets is also expanding across the broader DeFi space. This growth includes the rollout of the Alchemix Ecosystem vault, exclusive Chronicle oracles, MYT deposits via Pendle, and the 4-way market featured on Euler.
In terms of user experience, you will now find Swap and Bridge tools built straight into the application. We are also excited to announce that Phase Two has begun, which delivers fresh fixed-yield capacity and introduces longer Transmuter terms.
Before you finish, be sure to check out the Learning Corner, where we explain the process of converting alAsset market discounts into fixed yield.
You can read Edition 1 by clicking here:
🔗
Despite operating in a bear market, platform metrics are on the rise, with total value locked climbing to roughly $30.4M TVL. A significant milestone during this timeframe was the migration from v2 to v3. Standing as the largest operation in Alchemix history, the protocol successfully moved 6,413 positions across 3 chains, and this was accomplished with absolutely no user action required.
Our offerings are constantly growing, and the MYT basket now incorporates weETH, sfrxETH, and iUSD. The presence of MYTs and alAssets is also expanding across the broader DeFi space. This growth includes the rollout of the Alchemix Ecosystem vault, exclusive Chronicle oracles, MYT deposits via Pendle, and the 4-way market featured on Euler.
In terms of user experience, you will now find Swap and Bridge tools built straight into the application. We are also excited to announce that Phase Two has begun, which delivers fresh fixed-yield capacity and introduces longer Transmuter terms.
Before you finish, be sure to check out the Learning Corner, where we explain the process of converting alAsset market discounts into fixed yield.
You can read Edition 1 by clicking here:
🔗