Alchemix

Alchemix is a DeFi protocol that enables self-paying loans through yield-bearing vaults.

Users lock up popular cryptocurrencies such as ETH, DAI, or USDT as collateral, then borrow assets against that collateral at a 50% loan-to-value ratio.

The vaults generate yield that automatically pays down the loan, allowing borrowers to fund positions without manual repayments.

This design lets users maintain exposure to their collateral while the debt is gradually cleared.

The platform operates on Ethereum, Arbitrum, Optimism, and Fantom.