According to Foresight News, decentralized finance (DeFi) lending protocol Alchemix has announced the reopening of its alETH vault and the restoration of alETH Alchemist functions, following the implementation of AIP 97. All deposit features have been enabled, and revenue streams, self-liquidation, and repayment have been redirected to the AMO.

Previously, Foresight News reported that Alchemix's alETH/ETH Curve pool suffered a loss of approximately 5,000 ETH due to a Vyper vulnerability attack at the end of July. On August 8, Alchemix released an update on the Curve vulnerability, stating that the hacker had returned all stolen alETH/ETH.