Alchemix
DAMASCUSSelf-Repaying Loans · Ethereum + Optimism · $200M+ TVL · 15 contracts
Public risk assessment — scores are produced with the same methodology as monitored protocols
Security Profile
65
60
95
61
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50
80
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65
60
95
61
60
60
50
80
60
Audit History
Bug Bounty Program
Assessment
Self-repaying loan pioneer, V2 live 50+ months. Novel economic model proven through multiple market cycles. Deep yield strategy dependencies (Yearn, Aave, Curve) create composition risk. V1 vulnerabilities addressed in V2.
Dimension Breakdown
How scores work →- Governance-controlled parameters
- Timelock on admin actions
- Keeper permissions for harvesting
- Multisig for emergency
- Self-repaying loans (yield as repayment)
- Yield strategy risk passed to borrowers
- alUSD/alETH peg mechanisms
- Transmuter for redemptions
- Chainlink oracle integration
- Yield oracle from underlying strategies
- Price validation
- Strategy APY assumptions
- V2 live since March 2022 (50+ months)
- Self-repaying loan concept proven
- Survived multiple market events
- alUSD maintained peg through stress
- ALCX governance token
- Community governance active
- Timelock on proposals
- Reasonably decentralized
- Alchemist V1 had vulnerabilities
- V2 extensively audited
- Active bounty program
- Yield strategy risks are the main surface
- No validated adversarial findings — score set to neutral baseline
- Professional team
- Automated harvesting
- Monitoring
- Yield strategy monitoring
- Deep yield strategy dependencies (Yearn, Aave, Curve)
- alAsset peg depends on DeFi ecosystem
- Transmuter liquidity dependency
- Multi-strategy exposure
- Standard Solidity
- OpenZeppelin
- Verified
- Yield strategy dependencies
Additional Dimensions
- Not assessed — excluded from BRI computation
Risk Drivers
Primary risk factors driving this score, ordered by severity.
Adversarial Risk Signals
Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.
Score History & Verification
Score provenance tracking begins with the next reassessment.
On-Chain Data
- Protocol Slug
- "alchemix"
- Oracle
- BRORegistry (Base)
- Evidence
- IPFS (pinned)
- Staleness Threshold
- 24 hours
registry.getScore("alchemix")Reduce exploitable risk
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