2min chapter

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Alchemix - DeFi Loans That Repay Themselves with Scoopy Trooples

Modern Finance

CHAPTER

Alchemics - Is It Possible?

Alchemics has its own token, our stable coin, to lend out to people. This allows us to maximize the value of your principle and earn yield with it. Currently yearn yields are thirteen per cent but alchemics yields are closer at eighteen or nineteen per cent. There's a reason why we are higher than urine, even though we do use urine, and that's because of our transmuter module. Our transmuter module is a pegging mechanism. It's like a back stop for the peg. A stick in a hundred alost will be converted to a hundred die in time. And that in case our markets on curve, the peg starts to fall there, people can...

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