Alchemix Governance | DAO Radar

Alchemix

Alchemix is a self-repaying loans protocol. ALCX holders participate in governance via AIPs on the forum and Snapshot voting.

Data Sources

Snapshot·Alchemix Snapshot

flarum·Alchemix Forum

Alchemix

1 active

This Month

closed

Protocol Upgrade

[AIP-123] The Great v2 to v3 Migration

# The Great v2 to v3 Migration Alchemix v2 and v3 work in fundamentally different ways. If v2 continued alongside v3, it would degrade the v3 experience—debt originated in v2 would redeem positions in v3, exposing v3 users to redemptions while v2 users are not. For v3 to live, v2 must die. To achieve this, we propose a full version migration for all existing users. ## Migration Process | Step | Description | |------|-------------| | 1 | Shut down v2 via contract upgrade that disables...

proposal·0xf872…C3c8·Jan 13

closed

Protocol Upgrade

[AIP-122] v3 Launch Proposal and Initial Parameters

**__V3 Launch Proposal and Initial Parameters__** (see link below for more detailed version of the proposal) The time for Alchemix v3 has come. V3 introduces sophisticated mechanics to improve fairness (Trooples, S. *Introducing Alchemix v3*. Aug 5, 2025. https://alchemixfi.medium.com/introducing-alchemix-v3-d55f86d35b49). V2's alAsset prices deviate from backing collateral, making LP expensive and realized LTV lower than the nominal 50%. **V3 revamps Transmuters, vaults, and self-repayment...

proposal·0xf872…C3c8·Jan 13

Older

closed

Treasury

[AIP 121] DAO Budget Framework for V3 and Onchain Governance (incl Association update)

# Proposal This proposal aims to update the budget originally set in (AIP-40)[https://snapshot.box/#/s:alchemixstakers.eth/proposal/0x946608f1c5b3046fb412cdbb3e3a298a500a30db98694274e30ae559438c9272] and provide a brief update on the Alchemix Association, which has been operating as outlined in (AIP 113)[https://snapshot.box/#/s:alchemixstakers.eth/proposal/0x1af1e8118b989534fe0348553948a25eba8d62171acb8983da9e4a4543c1f702]. # Context - Past and Future Operations are divided between the...

proposal·0xeEEC…65a3·Aug 18

closed

Protocol Upgrade

[AIP-120] Upgrade Bridge Messaging to LayerZero Custom OFT Implementation

## **Proposal** Update all alAsset and ALCX bridging to utilize the a custom implementation of the OFT standard for cross-chain messaging. The new system will require at least 2 of the following messaging services (DVNs) to push a bridge transaction through: * LayerZero (All Chains) * Wormhole (All chains except Metis and Linea) * BWare (All Chains) * Netheremind (Metis and Linea only) Rate limits for each chain will be as follows: 1. Mainnet 1. alUSD | 1,000,000 per 24h In | 1,000,000 per...

proposal·0xeEEC…65a3·Jun 11

closed

Misc

[AIP-119] Invest in Den Technologies

# Proposal Invest $50k in Den Technologies. # Context Den (https://www.onchainden.com) provides a self-custodial, multi-signature wallet for on-chain organizations. Teams, including DAOs and traditional organizations, use Den for managing protocols, interacting with DeFi, executing on-chain operations, and more. Den is built on top of the Safe Contracts (formerly Gnosis Safe). Over $5B in transaction volume has been processed through Den, with just under $1B in volume last year and over $3B...

proposal·0x2839…32A5·May 30

closed

Risk/Incident

[AIP-118] - Adopt The SEAL Safe Harbor Agreement

# **[AIP-118] - Adopt The SEAL Safe Harbor Agreement** **Authors**: Skylock.xyz *** ## **Introduction** This proposal outlines Alchemix Governance’s adoption of the SEAL ([Security Alliance](https://www.securityalliance.org/)) Whitehat Safe Harbor Agreement (“Safe Harbor Agreement”). By adopting Safe Harbor, Alchemix improves the security of its on-chain assets by allowing whitehats to intervene during active exploits to save protocol funds. ### **What is the Safe Harbor Agreement?** The Safe...

proposal·0xeEEC…65a3·Apr 15

closed

Parameter Change

[AIP-117] Increase apxETH collateral cap to 1000

# Summary: This proposal seeks to increase the vault limit for apxETH collateral from 500 to 1000 within the Alchemix protocol. The increase is driven by the rapid adoption of apxETH, its status as the highest-yielding liquid staking token (LST), and the benefits of a strategic partnership with Dinero protocol, which jointly incentivizes a pxETH/alETH liquidity pool. Expanding the limit will enhance user participation, liquidity, and protocol growth. # Background: Alchemix recently introduced...

proposal·0xeEEC…65a3·Jan 6

closed

Parameter Change

[AIP-116] Whitelist Wormhole as Bridging Provider

# Proposal Whitelist the Wormhole bridge as a registered minter of alETH, alUSD, and ALCX on all L2 chains with the following rate limits (mint and burn): | Asset / Chain | Arbitrum | Optimism | All other L2s | |-----------------|-----------------|-----------------|------------------| | alUSD | 100,000 alUSD/24h| 100,000 alUSD/24h| 25,000 alUSD/24h | | alETH | 100 alETH/24h | 100 alETH/24h | 25 alETH/24h | | ALCX | 2,000 ALCX/24h | 2,000 ALCX/24h | 500 ALCX/24h | # Context ## History of...

proposal·0xeEEC…65a3·Dec 23

closed

Misc

[AIP-115] Burn Elixir alAssets

# Proposal Burn all withdrawn alUSD and alETH from the Elixir contracts. # Context The Alchemix Elixirs are special contracts designed to hold protocol-controlled funds in liquidity pools containing alUSD and alETH. There are currently 4 addresses that hold stakes in 8 different liquidity pools on Curve, Velodrome and Ramses. There are an additional 2 addresses that hold withdrawn alUSD and alETH from pools that were discontinued and as such are no longer operational. The Elixirs serve as a...

proposal·0xeEEC…65a3·Dec 23

closed

Grants

[AIP 112] Alchemix Grants Continuation

# Proposal Continue the Alchemix grants program for max $200k ALCX/year unless amended by a future governance proposal. # AIP 108 Results Per AIP108, $100k of ALCX was approved for at least 3 months of grants in February 2024. It is now 6 months later - let’s see how it went. Basic Stats: 24 grant applications 7 accepted grants 3 completed grants to date $30,500 paid out thus far $52,500 in pending payouts assuming completion of outstanding grants Info on specific grants here:...

proposal·0xeEEC…65a3·Sep 16

closed

Grants

[AIP 112] Alchemix Grants Continuation

proposal·0xeEEC…65a3·Sep 2

closed

Treasury

[AIP 113] Initial Funding of the Alchemix Association

# Motivation Alchemix operates primarily via a DAO Multisig of founders, contributors, and community members that acts as the primary DAO mechanism. The goal of Alchemix is to turn over power to on-chain governance. While Alchemix v3 is being built with the specific objective of incorporating on-chain governance, the Alchemix DAO needs a key partner to provide services aligning with the Alchemix DAO's interests – such as managing treasury farming and payroll operations, signing agreements,...

proposal·0xeEEC…65a3·Aug 28

closed

Treasury

[AIP 111] Alchemix Sustainability Framework

# Proposal This proposal seeks to define a framework for Alchemix to ensure: The treasury is adequately funded each quarter Effective ALCX emissions are in line with expected ALCX emissions (ie, limit additional ALCX spent by the treasury) Define priorities for excess revenue from the AMOs and the treasury, after above needs are met. Allow for yield farming of the treasury at the discretion of the multisig, including utilizing Gauntlet’s Aera product. This proposal also details how the...

proposal·0xeEEC…65a3·Jul 1

closed

Misc

[AIP-110] Donate to Roman Storm & Alexey Pertsev's legal defense fund

## Context Alexey Pertsev and Roman Storm, two developers who contributed to Tornado Cash, were arrested in different jurisdictions following OFAC's sanctions in 2022. Their 2024 trials are setting important precedents for developers, privacy protocols, and the crypto industry more broadly. Alexey’s first trial took place on March 26 of this year (with verdict and further potential legal action scheduled for mid-May), and Roman’s trial is scheduled for late September. The government’s attempt...

proposal·0xeEEC…65a3·May 20

closed

Misc

[AIP-109] Alchemix Market Making Agreement

# Proposal This proposal seeks to enter a market-making agreement for ALCX. The primary focus will be Binance and Coinbase, with small quotes supporting tight spreads on OKX, Kraken, and Crypto.com. The terms are as follows: 1. Alchemix will loan 30k ALCX to the market maker, who will use the funds to make ALCX markets a. Note: the market maker has asked that Alchemix not share the name of the firm. It is a reputable firm with experience and name recognition. 2. The initial term will be 3...

proposal·0xeEEC…65a3·Mar 25

closed

Misc

[AIP-109] Alchemix Market Making Agreement

proposal·0xeEEC…65a3·Mar 21

closed

Treasury

[AIP 108] Alchemix Grants Program Via Questbook

This proposal requests a maximum budget of $100k of ALCX (approximately 5k ALCX at today's prices) for the Alchemix grants program, to last a minimum of 3 months from the launch of the grants program Alchemix is ready to launch a grants program via Questbook, which will be hosted at https://questbook.app/dashboard/?grantId=0xeb75a84db372485817c5fd4bf59ea639dfca685c&chainId=10&proposalId=65b1cf73b2ddffb3bfa1baa9 More information can be found here:...

proposal·0xeEEC…65a3·Feb 2

closed

Treasury

[AIP-107] Invest in Blueberry

### Proposal Invest $25-50k in the Blueberry ecosystem. ### Context Early last year [AIP-78](https://snapshot.org/#/alchemixstakers.eth/proposal/0xd841e976667c4e2c25e7b4a6b797b65760ec45bc003a6007220e5a2cd2b7a006) approved the deployment of $500k worth of treasury ALCX into Blueberry protocol upon launch. After multiple rounds of audits and the launch of an additional protocol in the meantime called Bloom/StakeUp, Blueberry is launching this week. In short...

proposal·0x2839…32A5·Jan 29

closed

Misc

[AIP-106] Invest in Blueprint

### Proposal Invest $50k in Blueprint protocol. ### Context Blueprint is a new ve(3,3) DEX that is launching on Ethereum soon. What Blueprint brings to the table are new mechanics on top of the ve(3,3) system that make it viable in high-gas environments such as Ethereum mainnet, and concentrated liquidity pools. The way they achieve this is by removing the need for weekly gauge voting, rebase and bribe claiming, etc. for those parties that are too small for this to be viable or simply do not...

proposal·0x2839…32A5·Jan 22

closed

Treasury

[AIP-105] Deposit to Spark

### Proposal Deposit $150k worth of ALCX tokens from the treasury to a siloed Spark lending pool. ### Context Spark (https://spark.fi) is the lending protocol operated by SparkDAO, which is a part of MakerDAO. Spark proposed that Alchemix deploys $150k worth of ALCX tokens from the treasury to seed one side of the lending market and they would seed the other side with DAI. The lending market would then be open to all participants to either deposit ALCX and borrow DAI, or to deposit DAI and...

proposal·0x2839…32A5·Jan 18

closed

Treasury

[AIP-104] Change OP vault boost allocation

### Summary [AIP-74-A](https://snapshot.org/#/alchemixstakers.eth/proposal/0x5cd88ef66adc6fbd32674696cb5d63b55b80cd3430ae5155eca0af7568e04922) decided how the OP grant that Alchemix received would be used for boosting the Alchemix vaults on the Optimism network. Some time has passed since then, and circumstances have evolved. Therefore, a different allocation of the OP grant is being proposed for the boost. ### Details The start of the OP boost program was delayed, as the core team had been...

proposal·0x2839…32A5·Jan 14

closed

Treasury

[AIP-103] Deposit to Fyde Protocol

### Proposal Deposit 1.5k ALCX tokens from the treasury to Fyde protocol. ### Context Fyde is a DeFi protocol designed to upgrade and simplify the crypto treasury and asset management process for DeFi users, enabling long-term and sustainable growth (from their docs). Their app is accessible at https://app.fyde.fi/ and their docs at https://fyde.gitbook.io/ The Fyde team has done a presentation during the Alchemix fireside on the 8th of December. Essentially, Fyde maintains a basket of...

proposal·0x2839…32A5·Dec 24

closed

Misc

[AIP 102] Reduce Deposit Caps

https://forum.alchemix.fi/public/d/448-aip-102-reduce-deposit-caps

proposal·0xeEEC…65a3·Dec 20

closed

Misc

[AIP 101] [Updated] alETH Rebacking (Mainnet AND OP) Plan

Proposal here: https://forum.alchemix.fi/public/d/447-aip-101-updated-aleth-rebacking-mainnet-and-op-plan Voting options are simple For, Against, Abstain. A “For” vote means you want Alchemix to execute the above steps. An “Against” vote means you do not want Alchemix to execute these steps, or you want some of the steps to be revised.

proposal·0xeEEC…65a3·Dec 14

closed

Risk/Incident

[AIP 100] AMO Harvest Framework Update

# Proposal The current allocation for AMO harvests is as follows: 1. 1/3rd to the treasury in the form of ETH/stables 2. 1/3rd to the treasury in the form of liquidity driving assets 3. 1/3rd to buy ALCX and bribe for liquidity This framework was implemented with AIP-80: https://forum.alchemix.fi/public/d/394-aip-80-elixir-amo-buyback-and-bribe In light of the multichain exploit, curve exploit, and bug bounty, this proposal seeks to revise the allocation as follows, to be in effect until the...

proposal·0xeEEC…65a3·Oct 30