Alchemix
Alchemix Finance is a future-yield-backed synthetic asset protocol. Users can deposit DAI to borrow alUSD, Loans will have an absolute minimum 200% collateralisation ratio without liquidation risk. The protocol deploys the assets to the yDAI Vault in Yearn to farm yield, And the harvested yield will automatically pay down the debt, reducing all depositor's debt. At any time users can repay a portion or all to unlock the collateral. DAI and alUSD are treated 1:1 for repayment and liquidation. ALCX is a token that grants governance rights in Alchemix DAO, which is also used to motivate Staker and LP users.
Alchemix Finance is a future-yield-backed synthetic asset protocol. Users can deposit DAI to borrow alUSD, Loans will have an absolute minimum 200% collateralisation ratio without liquidation risk. The protocol deploys the assets to the yDAI Vault in Yearn to farm yield, And the harvested yield will automatically pay down the debt, reducing all depositor's debt. At any time users can repay a portion or all to unlock the collateral. DAI and alUSD are treated 1:1 for repayment and liquidation. ALCX is a token that grants governance rights in Alchemix DAO, which is also used to motivate Staker and LP users.
