Alchemix Launched Version 3 on Base Network
The protocol has expanded its self-repaying loan architecture to the Base network with new yield products.
Updated on Sept. 29, 2026 in Artificial Intelligence
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Alchemix has officially deployed its version 3 architecture on the Base network. This expansion introduces fixed and variable yield products to the Ethereum layer 2 ecosystem.
Why it matters
The move aims to grow the protocol's footprint within the Ethereum layer 2 ecosystem. By introducing shorter redemption cycles, the update seeks to improve capital efficiency for users.
The platform offers a maximum loan-to-value ratio of 90 percent with no price-based liquidations. Its new deployment features uncapped Transmuters with four-week terms.
The players
Alchemix
Alchemix is a decentralized finance protocol that pioneered the concept of self-repaying loans in the blockchain industry.
Base
Base is an Ethereum layer 2 network designed to provide a secure and scalable environment for decentralized applications.
The details
Users can deposit collateral that the protocol distributes across diversified yield strategies to support self-repaying loans. The new infrastructure allows users to convert alAssets to underlying assets in a single transaction while utilizing the native alUSD.b asset.
Timeline
Alchemix introduced the self-repaying loan concept in 2020.
The version 3 platform launched on the Base network on September 29, 2026.
The Tech Race
This release follows the industry trajectory established by the Alchemix self-repaying loan mechanism. It marks a significant shift in the competitive landscape as protocols move core yield products to layer 2 environments to reduce costs.
Users can now access loan products with higher capital efficiency and shorter redemption cycles on the Base network. These changes allow for more flexible asset management through the new uncapped Transmuter functionality.
The takeaway
This update demonstrates the ongoing push to optimize decentralized lending through more frequent debt amortization. Users should evaluate the specific risks of variable yield strategies before shifting their collateral to the new network.
Further reading
Learn more about the latest innovations in Artificial Intelligence.
Source note: This article includes information reported by Crypto Economy.
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