Project Description
Alchemix allows users to leverage the time value of money by borrowing up to 50% of future yield on deposited collateral with no risk of liquidation, in the form of synthetic assets alUSD and alETH. User collateral is deposited into underlying yield strategies, and yield earned is used to pay down user debt. Because liquidation is not possible and the primary interaction is front-loaded (deposit and take initial loan), Alchemix depositors are far stickier TVL than other forms of DeFi yield farming, which means that users that come to Alchemix on Optimism are likely to remain.