Alchemix Finance is a DeFi protocol introduced in February this year. The team behind the project is anonymous and led by a developer under the pseudonym Scoopy Trooples. In mid-March, the team announced a successful $ 4.9 million fundraiser from prominent investors. These include CMS, Alameda Research, Immutable Capital, Nascent, Protoscale Capital, LedgerPrime, eGirl Capital, Fisher8 Capital, Orthogonal Capital, and others

Of course this a game changer traditional finances coffin,There are three ways in which a user can choose to manage their loan: Option 1: leave their deposit to continually earn yield, allowing them to periodically draw down their loan collateral Option 2: repay the loan early using alUSD or DAI, allowing them to withdraw their collateral Option 3: liquidate their loan using part of their collateral to repay the loan and allow them to withdraw whatever is remaining.