Pro
The Alchemy of Alchemix
Key Insights
- Alchemix is a credit system that operates in a similar manner to a fractional reserve banking system. Individual users of the Alchemix protocol assume the role of banks within DeFi.
- The protocol incentivizes market-wide liquidity for DeFi by reducing the opportunity costs of its users. Accounting for Alchemix's reduced opportunity costs alters the Time Value of Money within its system.
- Alchemix V2 provides a flexible and composable platform that can be leveraged by other DeFi protocols. Notable V2 upgrades include expanded collateral types and yield-generating strategies along with a delegated credit feature.
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Table of Contents
- 0 – Introduction
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Chase's interest in crypto lies at the intersection of economics, psychology, and social coordination.
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