Alchemix

What is Alchemix

Alchemix allows users to take out self-paying loans after depositing cryptocurrency as collateral.

What is Alchemix?

Alchemix is a synthetic asset protocol that facilitates self-paying loans. With Alchemix, users can deposit popular cryptocurrencies like ETH, DAI, and USDT as collateral into yield-bearing vaults. After depositing collateral users can borrow assets against their collateral at an LTV ratio of 50%, while yield-bearing vaults work to automatically pay off the loan. The Alchemix platform is currently launched on the Ethereum, Arbitrum, Optimism, and Fantom networks.

Alchemix Alternatives:

Bluejay Finance
Bluejay Finance

Issues stablecoins in multiple currencies to bring efficiencies of DeFi to real-world finance.

CVI Finance
CVI Finance

CVI Finance is a synthetic asset protocol that helps traders hedge against market volatility.

Kwenta
Kwenta

Kwenta is a decentralized finance (DeFi) platform that enables users to trade synthetic assets.

Metronome Synth
Metronome Synth

Metronome Synth enables users to generate a variety of synthetics using crypto assets as collateral.

Outcome Finance
Outcome Finance

Outcome Finance helps DAOs align community incentives through synthetic assets.

Synthetix
Synthetix

Synthetix facilitates the issuance of synthetic ‘real-world’ assets on the Ethereum blockchain.