How to receive your 1:1 ETH-ALCX reward, Legendary NFT, and Discord status (if you want it):
Visit the main Alchemix site https://app.alchemix.fi/ and go to the ‘alETH Return & Claim’ page (not yet available).
The site will display how much ETH / alETH you have outstanding, and present you with input boxes to return the outstanding funds.
If you decide to return all of the funds you were mistakenly given, you can click on the ‘Make me a Legend!’ button to claim a POAP NFT that will etch your legendary status in the annals of DeFi history.
When will I receive my ALCX reward?
The treasury will pay out your “bug bounty” ALCX within days of your donation.
What can you do with the NFT?
Besides being proof of your trustworthiness, the NFT will enable you with yet-to-be-determined functionality in the Alchemix DAO 😉 .
How will you receive the NFT?
We’re using POAP (Proof of Attendance Protocol) to automatically send out NFTs to users who send us back the full amount.
What will happen to the returned funds?
ETH: all ETH returned to the Alchemix multisig will be distributed to the new alETH Transmuter.
alETH: all alETH returned to the Alchemix multisig will be burned.
Why do users need to return funds?
On Wednesday June 16th @ approximately 12pm UTC, the call to Alchemist.harvest() that was supposed to pay off a small amount of borrower debt instead paid off all of the debt in the system. Additionally, between the time the harvest occurred and the Alchemix team paused minting, alETH loans were taken on credit that was produced as a result of the harvest, As such, there is approximately a 2200 shortfall of ETH/alETH in the system, all of which was distributed to system users.
Is there anything else I need to know?
Supporting the Alchemix protocol and returning the funds you mistakenly received proves just how amazing our community is! There will be an on-chain record of your gesture, and whilst we don’t want to make any promises, we’d like to think this isn’t the last you’ll hear from us.
As always, join us in discord and on twitter to discuss further.