Alchemix: Automated Crypto Money with ALCX & ALUSD

Through to doing this, they are able to borrow funds to a great 2 hundred% collateralization proportion — otherwise one alUSD for every a couple of DAI deposited. This really is simple behavior for most DeFi financing systems, but Alchemix’s design leverages produce farming thanks to Yearn.Finance vaults to pay down a user’s debts automatically. Profiles have the ability to choose from an increasingly wide array of produce farming procedures to repay the loans.

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