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Self paying loans seem too good to be true but they are are already here on defi with Alchemix. Is this a game changer that is another nail in traditional finances' coffin, or a system waiting to collapse in on itself? This report from Three Body Capital attempts dives deep to try and shine a light on these questions.
Self paying loans seem too good to be true but they are are already here on defi with Alchemix. Is this a game changer that is another nail in traditional finances' coffin, or a system waiting to collapse in on itself? This report from Three Body Capital attempts dives deep to try and shine a light on these questions.
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
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.
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.
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