According to official sources, as part of its multi-chain strategy, DeFi lending protocol Alchemix has announced its official launch on the Arbitrum network. It is reported that Alchemix has set deposit limits for the launch of Arbitrum: USDC is limited to $100,000 and stETH is limited to 200 ETH. In addition, Alchemix plans to add jUSDC shortly after launch, pending implementation of the jUSDC contract upgrade by JonesDAO.

DeFi lending protocol Alchemix announced on X platform that it has paid a $100,000 bug bounty to Immunefi, and the bug has been fixed. User funds are safe and a complete report will be released soon. Earlier, on July 30th, Curve Finance notified Alchemix that its alETH/ETH pool may be vulnerable to attack due to a bug in Vyper. Alchemix quickly took action by removing liquidity controlled by AMO contracts from the Curve pool through the AMO contract, but there were still about 5,000 ETH liquidity controlled by AMO in the pool. The bug was executed on the Curve pool contract. Alchemix smart contracts were not attacked and funds were safe.