DeFi Lending Protocol Alchemix Launches Algorithmic Market Operator Elixir

DeFi lending protocol Alchemix has launched Elixir, an Algorithmic Market Operator (AMO) that references the algorithmic market operator in FRAX and regulates the supply of alUSD in the liquidity pool, with the aim of actively earning yield from the collateral in the protocol and better managing the price of alUSD and alETH assets. Alchemix expects to take 6 weeks to migrate assets from Transmuter to Elixir, after which Elixir will deposit the assets into the alUSD3CRV pool to provide liquidity.