Scores/Alchemix

Alchemix

DAMASCUS

Self-Repaying Loans · Ethereum + Optimism · $200M+ TVL · 15 contracts

Official site: alchemix.fi ↗

752

3004756508251000

Confidence79%

Z-Factor0.82

Updated 2026-05-27Public score

Security Profile

Access Control
65

Economic Soundness
60

Oracle Integrity
95

Compositional Risk
61

Governance
60

Maturity
60

Resilience
50

Supply Chain
80

Op Security
49

Cascade Exposure
100

Access Ctrl
65

Economic
60

Oracle
95

Compos.
61

Govern.
60

Maturity
60

Resilience
50

Supply Ch.
80

OpSec
49

Cascade
100

Min

Avg

Max

100

Audit History

Runtime Verification

2022-02

Spearbit

2023-03

Bug Bounty Program

$300,000

Max payout on Immunefi

View 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

Methodology

Access Control

Weight 18% · 79% confidence

+16Governance-controlled parameters

+16Timelock on admin actions

+16Keeper permissions for harvesting

+16Multisig for emergency

Provenance

Economic Soundness

Weight 13% · 79% confidence

+20Self-repaying loans (yield as repayment)

-40Yield strategy risk passed to borrowers

+20alUSD/alETH peg mechanisms

+20Transmuter for redemptions

Provenance

Oracle Integrity

Weight 13% · 79% confidence

+24Chainlink oracle integration

+24Yield oracle from underlying strategies

+24Price validation

+24Strategy APY assumptions

Provenance

Battle-Tested Maturity

Weight 12% · 79% confidence

+15V2 live since March 2022 (50+ months)

+15Self-repaying loan concept proven

+15Survived multiple market events

+15alUSD maintained peg through stress

Provenance

Governance & Upgradeability

Weight 10% · 79% confidence

+15ALCX governance token

+15Community governance active

+15Timelock on proposals

+15Reasonably decentralized

Provenance

Adversarial Resilienceredacted

Weight 10% · 30% confidence

Alchemist V1 had vulnerabilities
V2 extensively audited
Active bounty program
Yield strategy risks are the main surface

Provenance

Operational Security

Weight 10% · 60% confidence

-26No branch protection detected

-26CI/CD present but unstable (0% success)

+24Minimal development activity (0 commits/month)

+24Multiple monitoring repos found: alkeeper-v1, discord-bots-dunebot

Provenance

Compositional Risk

Weight 5% · 79% confidence

+15Deep yield strategy dependencies (Yearn, Aave, Curve)

+15alAsset peg depends on DeFi ecosystem

+15Transmuter liquidity dependency

+15Multi-strategy exposure

Provenance

Cascade Exposure

Weight 5% · 50% confidence

100

+33Member of 2 dependency cluster(s)

+33No cross-protocol cascade exposure detected

+33Source: cross_protocol_composition.json dependency analysis

Provenance

Supply Chain

Weight 4% · 79% confidence

+20Standard Solidity

+20OpenZeppelin

+20Verified

+20Yield strategy dependencies

Provenance

Top Score Drivers

Dimensions with the greatest marginal impact on BRI.

Access Control

65+36.4 potential

Governance-controlled parameters

Operational Security

49+33.4 potential

No branch protection detected

Adversarial Resilience

50+32.4 potential

Economic Soundness

60+31 potential

Yield strategy risk passed to borrowers

Battle-Tested Maturity

60+28.6 potential

V2 live since March 2022 (50+ months)

Adversarial Risk Signals

Publicly verifiable security posture indicators.

Disclosure HistoryNot Assessed

Remediation VelocityNot Assessed

Bug Bounty ProgramNot Assessed

Audit CoverageNot Assessed

Incident HistoryNot Assessed

Deployed 2021-02-2710 dimensionsProvenance Ledger

methodology v2.1formula v1.1weights v1.1evidence sha256:sha256:8...

Score History & Verification

Score provenance tracking begins with the next reassessment.

Full provenance ledger

On-Chain Data

Protocol Slug: "alchemix"
Oracle: BRORegistry (Base)
Evidence: IPFS (pinned)
Staleness Threshold: 24 hours

Read Score

registry.getScore("alchemix")

Reduce exploitable risk

Continuous adversarial analysis, vulnerability detection, and verified reassessment.

View Plans Methodology

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