On February 8th, Alchemix announced that its Grants program had gone live, with the first round of Grants to be executed through Questbook platform, lasting approximately one month.

The Alchemix community had previously voted to allocate an initial $100,000 worth of ALCX for the Grants program. Once most of the funds are used up, the community will evaluate this initial funding period and collectively plan the future framework of the program.