Thoughts on Alchemix V2
Image from Alchemix Discord #official-artWhat’s with all the magic?Alchemix is a platform providing self-paying, non-liquidating loans to users, and with V2 around the corner it’s bound to turn heads this year. They allow users to get advances on their yield by minting a synthetic version of collateral up front using various mechanisms to peg the synthetic token to the deposited asset. Collateral earns yield in Yearn vaults, with the profits going towards paying off your own debt. A true defi...
Thoughts on Alchemix V2
Image from Alchemix Discord #official-artWhat’s with all the magic?Alchemix is a platform providing self-paying, non-liquidating loans to users, and with V2 around the corner it’s bound to turn heads this year. They allow users to get advances on their yield by minting a synthetic version of collateral up front using various mechanisms to peg the synthetic token to the deposited asset. Collateral earns yield in Yearn vaults, with the profits going towards paying off your own debt. A true defi...
