Alchemix Farm Migration Post Mortem and alETH Update
A few hours after the Alchemix team executed the migration of ALCX farming rewards to the brand new MasterChefV2 contract by SushiSwap, we were notified of a bug by a community member. MasterChefV2 uses the ALCXRewarder contract to distribute ALCX rewards to LP stakers. A bug in the ALCXRewarder miscalculated how long people had been staking, and thus how much ALCX people should be awarded. This problem would have only worsened over time. Thanks to the fast action of both the Sushi and Alchemix teams, we were able to pause ALCX rewards. Only 60 ALCX, or approximately $50,000, was over-rewarded during this period. No user funds were lost.