Tag: Alchemix

  • Scoopy Trooples of Alchemix: “Liquidity Mining is Like a Drug; You Have to Wean Yourself Off 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 […]

  • DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives

    DeFi 2.0 Wave of New Projects Test Liquidity Mining Alternatives

    Things aren’t getting easier for those struggling to stay current with the lightning quick DeFi space. Just when you think you’re up to speed with the latest token or protocol along comes something new. Brace yourselves because here comes DeFi 2.0. What that term actually means is still in flux. While DeFi 2.0’s meaning is […]

  • Defiant Degens: How to Farm Up to 30% APR with alETH by Alchemix

    Defiant Degens: How to Farm Up to 30% APR with alETH by Alchemix

    This is a weekly tutorial on the most compelling opportunities in yield farming, written by our friend DeFi Dad, an advisor to The Defiant. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Before reading this tutorial, a bug was discovered two weeks ago in the […]

  • Alchemix Asks Users to Return Funds After alETH Bug

    Alchemix Asks Users to Return Funds After alETH Bug

    It isn’t often that a market player appeals to the morality of its customers to correct a mistake. But that’s what’s unfolding this week as Alchemix Finance made traders an offer to iron out the alETH debacle that unfolded on June 16. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users […]

  • Curve Drama Intensifies as New Proposals Target alUSD and Saddle Finance

    Curve Drama Intensifies as New Proposals Target alUSD and Saddle Finance

    In the wake of Alchemix’s troubled alETH release, Curve Finance has produced two governance proposals targeting tangential products of the automated loan repayment protocol. There’s also been a flurry of chatter about possible legal action as the dustup accelerates. The first target — Curve’s own alUSD pool. Charlie Watkins, project lead at Curve, proposed removing […]

  • Bug in Alchemix’s New ETH Vault Has Left a $6.4M Shortfall

    Bug in Alchemix’s New ETH Vault Has Left a $6.4M Shortfall

    A bug was discovered in the Alchemix Finance alETH contract on Wednesday morning, leaving the project undercollateralized by 2,688 ETH, or roughly $6.4M, as users were able to withdraw these funds without repaying their loans first. Alchemix Finance recently launched alETH, a synthetic yield derivative that lets DeFi users borrow 1 alETH for every 4 […]

  • Alchemix Allows Users to Stay Long ETH With Auto-Loan Repayment

    Alchemix Allows Users to Stay Long ETH With Auto-Loan Repayment

    Last weekend, Alchemix, which offers automatic repaying loans, shipped a vault that accepts ETH. Alchemix users will now be able to borrow alETH, Alchemix’s token that’s soft-pegged to ETH, using ETH as collateral. The collateralization ratio: 400%. The launch came with a debt cap of 2,000 alETH and it was reached within a day of launch, […]

  • Magic Money: The Mystical World of Anchor, Alchemix, and Gyroscope

    Magic Money: The Mystical World of Anchor, Alchemix, and Gyroscope

    In last week’s episode we ventured into the dark forest where nothing at all was what it seemed and unimaginable horrors lurked round every corner. Well this week we’re labouring the fantasy metaphor yet further with a languid lunge through illusion magic and scarcely credible financial finagling in what critics are already calling the David […]

  • Defiant Degens: How to Farm 76% APR with alUSD on Alchemix

    Defiant Degens: How to Farm 76% APR with alUSD on Alchemix

    We will be hosting a weekly tutorial on the most compelling opportunities to consider yield farming, written by our friend DeFi Dad, an advisor to the Defiant and the Chief DeFi Officer of Zapper. The goal is to expose more Defiant readers to new DeFi applications and their associated liquidity mining programs. Background on Protocol: […]