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Alchemix - DeFi Loans That Repay Themselves with Scoopy Trooples

Modern Finance

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The Transmuter and the Peg

The aluste peg is very close to the price of dye. So that's a big part of why we have aa strong peg. The other part is the transmutter. We just had a depi extinction event aa couple of days ago, and a whole mess of people got liquidated all through depi. People were scrambling to get out of their crypton into stable coins....

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