metalface

Building on the best infrastructure. We're excited to share that Alchemix v3's Mix-Yield Tokens (MYT) are built on an Alchemix custom implementation of the open-source @morpho Vaults V2 infrastructure. Why did we choose Morpho? 🧵

Meet the v3 Transmuter, Alchemix v3's peg stability engine and a source of fixed yield for anyone. It converts discounted alAssets to their counterparts at a 1:1 ratio in a fixed time frame. Want to learn more? 🧵

This is the culmination of years of hard work and learnings from being in the DeFi trenches since February 2021. I’m so incredibly proud of my team, and they all deserve a shout out! @Ov3rKoalafied for coordinating our team and being involved in the v3 spec @MajorScrubLord for doing the impossible and creating a gas efficient O(1) positional decay with lazy updating accounting system (the magic of v3) @ButlerATTS, @t0rbik and for making a beautiful, intuitive, and performant UI @metalbased_ for helping design the UI and for aesthetic and professional comms and marketing domo and silur for their work on the MYT and other core v3 systems @imimim1318378 for system modeling and monitoring, and the migration data barree for consistently flawless DAO and treasury operations klom for making a comprehensive v3 documentation site @_Shameless_Plug for opsec, operations, and keeping our discord safe and lively @0xOranges for spreading the word and securing future partnerships @BlockEnthusiast for modeling and simulation aphoticjezter for helping with solving the moon math and Watleuk for being the best discord mod ever I am proud of our work on v3, but as a founder, I am most proud of the team we have assembled. I wouldn’t trade any of them for the world.

@scupytrooples @Ov3rKoalafied @AlchemixFi Never go full retard

@Ov3rKoalafied @AlchemixFi you should lever it to the tits

I'mma track and update my @AlchemixFi v3 position alUSD position each month. Typically will deposit around $8k and take a 90% LTV loan. Month 1, deposit 8k mint 7200 alUSD sold for $7061 USDC Collateral = $8k Debt = 7200 Reported Yield Rate = 5.7% APR Net Value = $800 USDC

The next era of Alchemy has arrived. Alchemix v3 caps are raised, and Transmuters are open. After years of building on what we learned from v2, today we open up 90% LTV vaults, new Mix-Yield Tokens, and the Fixed-Duration Transmuter. The future we envisioned, starts here. 🧵

@peckshield Delete this and do better in future. Awful.

A victim just lost a Alchemix Yearn yvVault position $yvWETH (estimated $~1m), from an earlier approval to an unverified contract (etherscan.io/address/0x143a…). This unverified contract, created 10 days ago, turns out to be buggy and can be exploited for arbitrary call execution. Here is the vulnerable logic from the decompiled contract, affected in the following exploit tx: etherscan.io/tx/0xebaaab69b…

Big news. Our @yAuditDAO audit is complete and we are ready to launch v3. We're currently remobilizing migration and launch ops. Update/timeline very soon ™️

its annoying that only people intimately familiar with smart contract development know the perils of it all. so many reply guys and armchair investors want you to ship right now, but with NK, AI, and a million other snakes in the grass in the most adversarial environment known to mankind, i will not be reckless. people’s lives are literally all at stake and if they put their trust in what my team and I deploy, I want to be able to sleep at night knowing we did everything we could to safeguard their funds and trust. milady

@Bindladen115 @AlchemixFi @yAuditDAO So you’re just speculating.

@metalbased_ @AlchemixFi @yAuditDAO Without Binance and Coinbase Alchemix Project V3 is worth 0 Remember this Everyone☝️👀💡

It's nearly ready. Honestly. Our initial v3 @yAuditDAO review is now complete. The fixes brought us uncomfortably close to the Ethereum contract size limit, so we chose to split some contracts to leave headroom for any future patches. We felt these changes were significant enough to re-engage yAudit for a final review. We’re moving as fast as we can, and are now in the final stretch before migration and launch. As always, security comes first. See you soon.

@Bindladen115 @AlchemixFi @yAuditDAO Please share your source for this information.

@AlchemixFi @yAuditDAO It's all Been too long. You're losing the Community and trust in the exchanges, and Even more so in Binance. All your delays will cost you Dearly☝️👀🚨🚨🚨⌛️💡

The lion king intro is the best film intro sequence ever.

Best bar art ever

Free alETH. 3 Envelopes. Denver, CO. To celebrate the upcoming launch of Alchemix v3, we're hiding 3 physical envelopes around the city, each unlocking 1 alETH. Not attending @EthereumDenver? One alETH also goes to a random person who interacts with this post. Details 👇

@Bindladen115 @AlchemixFi Heres an idea. Stop focusing on the token price and use the product.

@AlchemixFi This is your Scoopy Trooples Project and the entire Alchemix team. $5 with such a Low Circulating Supply and Total Supply is a joke👎👀📉🚨🚨🚨

🚨V3 Migration Update🚨 After thorough testing all post-audit fixes, we've discovered a couple of low-severity issues that need to be addressed before migration can begin. We’re delaying a few days to ensure everything goes smoothly. Soon ™️

@n4n084191635 Congrats king. Great work!

I was pretty miserable last year; my health and fitness were in the shitter and I envisioned life passing by while I stay fatmaxxing. I stopped doing that. Lost 30kg so far, sitting at 19% bf, 35% muscle and losing more and more interest in computer things. Life is good, anon.

Heading to @EthereumDenver? It's treasure hunt season. We'll be dropping info on the 11th. Stay tuned for a chance to find some free alETH. Happy hunting 🔎

@0xcarnation @dounbug

@dounbug you don't even need to hang it in the Louvre (it's already hung itself)

Ethereum Bagholder, Observed over Time Oil on Leverage 2022-2026

🚨 V3 Migration Update 🚨 It's the final countdown. Following the passing of AIP 123, we will begin the automatic migration of all v2 positions to v3 on 06/02, in one week. Check the Medium article below for more detail 👇

@scupytrooples @redactedrain

@redactedrain when she gives head, she also gives shoulders knees and toes

You have to appreciate a big mouth but this is insane

@Zer0dots @Polymarket Lfggggg

gm, small announcement: just joined @Polymarket's incredibly cracked team. We will not stop, there will be markets on everything. We are building the information engine of the future.