You are viewing a single comment's thread from:

RE: Alchemix Protocol - self repaying overcollateralized loans

in LeoFinance3 years ago

Sounds like an interesting concept. So you deposit a collateral that allows you to borrow 50% of the value (with DAI for example) and those 50% are then being paid off with yield farming that is done with your collateral? I'll take a closer look at that.

Sort:  

Exactly. Also, the yield is higher than what you get in yearn, because interest earned and not withdrawn is deposited to yearn too, boosting interest for every Alchemix user.