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RE: Alchemix Protocol - self repaying overcollateralized loans

in LeoFinance2 months 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.

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 Also, the yield is higher than what you get in yearn, because interest earned and not withdrawn is deposited to yearn too, boosting interest for every Alchemix user.