What is Alchemix?
Alchemix is a synthetic asset protocol that facilitates self-paying loans. With Alchemix, users can deposit popular cryptocurrencies like ETH, DAI, and USDT as collateral into yield-bearing vaults. After depositing collateral users can borrow assets against their collateral at an LTV ratio of 50%, while yield-bearing vaults work to automatically pay off the loan. The Alchemix platform is currently launched on the Ethereum, Arbitrum, Optimism, and Fantom networks.
Web3 dapps and developer tools related to Alchemix
Discover blockchain applications that are frequently used with Alchemix.
ContangoDecentralized Derivatives
Contango offers perps built via _looping_ on money markets.
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LegatoDecentralized Derivatives
A DeFi vault strategy protocol for liquid stakers on the Sui blockchain.
RubyDexDecentralized Derivatives
RubyDex is a Layer-2 derivatives DEX that offers the trading experience of a CEX.
Resources and Guides about Decentralized Synthetics
Alchemix Alternatives
Explore web3 competitors and apps like Alchemix.
KwentaDecentralized Synthetics
Kwenta is a decentralized finance (DeFi) platform that enables users to trade synthetic assets.
Metronome SynthDecentralized Synthetics
Metronome Synth enables users to generate a variety of synthetics using crypto assets as collateral.
UniDexDecentralized Exchanges (DEXs)
UniDex is a decentralized meta-aggregator for swaps & a perpetual exchange platform.
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