What is Alchemix?
Comprehensive information about Alchemix and its ecosystem
About the Project
Alchemix introduces a unique concept in DeFi lending by offering a Collateral Debt Position (CDP) protocol that allows users to obtain self-repaying loans by leveraging their future yield. This innovative mechanism provides financial liquidity without the burden of an ongoing debt repayment schedule. The platform accepts collateral like DAI and ETH, and integrates with Yearn Finance vaults to optimize yield generation and automatically apply this yield to reduce outstanding debt.
Category & Classification
Category:
DeFi
Tags:
lending
yield
self-repaying loans
synthetic assets