Scoopy of Alchemix Liquidity Mining is Like a Drug You Have to Wean Yourself Off it Over Time

Scoopy Trooples of Alchemix: “Liquidity Mining is Like a Drug; You Have to Wean Yourself Off Over Time”

In this week’s episode I speak with Scoopy Trooples, co-founder of Alchemix, a protocol that offers self-paying loans without the risk of liquidations. Think about that; here’s a DeFi application that promises to automatically pay users’ collateralized loans, and on top of that, guarantee they won’t be liquidated. 

Scoopy explains how something like that can work and it’s all about plugging into other money legos like Yearn Finance to earn yield off collateral and use that yield to pay off loans. We talk about how DeFi’s composability is key for protocols like Alchemix, which simply wouldn’t be possible in Tradfi. But we also talk about the risks of having so many applications relying on each other.