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