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Scores/Alchemix

Alchemix

DAMASCUS

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

Confidence 79%Z-Factor 0.82Updated 2026-05-17Public Score

Public risk assessment — scores are produced with the same methodology as monitored protocols

752
BRI Score
3004756508251000

Security Profile

Access Ctrl
65
Economic
60
Oracle
95
Compos.
61
Govern.
60
Maturity
60
Resilience
50
Supply Ch.
80
OpSec
49
Cascade
100
Min
49
Avg
68
Max
100

Audit History

Runtime Verification
2022-02
Spearbit
2023-03

Bug Bounty Program

$100,000
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

How scores work →
Access Control
Weight 18%79% conf
65
Moderate
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+16Governance-controlled parameters
+16Timelock on admin actions
+16Keeper permissions for harvesting
+16Multisig for emergency
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Economic Soundness
Weight 13%79% conf
60
Moderate
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+20Self-repaying loans (yield as repayment)
-40Yield strategy risk passed to borrowers
+20alUSD/alETH peg mechanisms
+20Transmuter for redemptions
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Oracle Integrity
Weight 13%79% conf
95
Excellent
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+24Chainlink oracle integration
+24Yield oracle from underlying strategies
+24Price validation
+24Strategy APY assumptions
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Battle-Tested Maturity
Weight 12%79% conf
60
Moderate
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+15V2 live since March 2022 (50+ months)
+15Self-repaying loan concept proven
+15Survived multiple market events
+15alUSD maintained peg through stress
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Governance & Upgradeability
Weight 10%79% conf
60
Moderate
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+15ALCX governance token
+15Community governance active
+15Timelock on proposals
+15Reasonably decentralized
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Adversarial Resiliencelock
Weight 10%30% conf
50
Concerning
  • Alchemist V1 had vulnerabilities
  • V2 extensively audited
  • Active bounty program
  • Yield strategy risks are the main surface
Operational Security
Weight 10%60% conf
49
Concerning
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-8No branch protection detected
-8CI/CD present but unstable (0% success)
-8Minimal development activity (0 commits/month)
-8Incident response time not available (using commit frequency proxy)
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Compositional Risk
Weight 5%79% conf
61
Moderate
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+15Deep yield strategy dependencies (Yearn, Aave, Curve)
+15alAsset peg depends on DeFi ecosystem
+15Transmuter liquidity dependency
+15Multi-strategy exposure
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Cascade Exposure
Weight 5%50% conf
100
Excellent
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+50Member of 2 dependency cluster(s)
0No cross-protocol cascade exposure detected
0Score: 100/100 (higher = more isolated from systemic risk)
+50Source: cross_protocol_composition.json dependency analysis
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Supply Chain
Weight 4%79% conf
80
Strong
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+20Standard Solidity
+20OpenZeppelin
+20Verified
+20Yield strategy dependencies
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Risk Drivers

Primary risk factors driving this score, ordered by severity.

Operational Security49
Adversarial Resilience50
Economic Soundness60

Adversarial Risk Signals

Observable security posture indicators. These signals reflect publicly verifiable information and responsible disclosure outcomes. No specific vulnerability details are exposed.

Disclosure HistoryNot Assessed
Remediation VelocityNot Assessed
Bug Bounty ProgramNot Assessed
Audit CoverageNot Assessed
Incident HistoryNot Assessed
Deployed 2021-02-27Z-Factor 0.82010 active dimensionsreceipt_longProvenance Ledger

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
Read Score
registry.getScore("alchemix")

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