Alchemix Announces Token Swap on February 6th
Alchemix has outlined the transition to version 3.0 following the approval of AIP-123. Automatic migration of all v.2.0 positions to v.3.0 is scheduled to start on February 6, 2026. During the migration week, the protocol will be temporarily offline while user positions are snapshotted and recreated on v.3.0 contracts.
Users can either remain in v.2.0 and be migrated automatically, with slippage above 0.25% covered by the treasury and an additional incentive allocated, or opt out by withdrawing funds before February 6 and redepositing manually after v.3.0 goes live.
What is a coin swap (token swap)?
A coin swap is a process of cryptocurrency migration from one blockchain to another. It may be due to a hard fork (coin swap) or a mainnet launch (token swap). Holders need to follow swap guides in order not to lose their cryptocurrency.
@AlchemixFi
From February 6th, 2026, we will be performing an automatic migration of user funds to v3 contracts.
During this week long process, the protocol will be offline. We will snapshot all accounts, secure funds in a migration multisig, and recreate the exact positions in v3.
@alchemixfi
Your Options
1️⃣ Migrate automatically: Leave funds in v2. We minimize impact, and the Treasury covers slippage exceeding 0.25%. You’ll also earn “Mana” (a share of 10k ALCX).
2️⃣ Opt-out: Withdraw funds before Feb 6th. You can redeposit manually after v3 is live.
