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You've heard of no-loss lottery. Now, get ready for no-loss stable coins! This week, we discussed $ALCX, @AlchemixFi, ft interview with @scupytrooples!
#stablecoin $alUSD $ALCX
#stablecoin $alUSD $ALCX
How does #Alchemix work?
Deposit DAI into the system to borrow alUSD
Borrow up to 50% of the DAI collateral
Deposited DAI is used to generate yield
The yield is used to pay off the 50% alUSD borrowed
Deposit DAI into the system to borrow alUSD
Borrow up to 50% of the DAI collateral
Deposited DAI is used to generate yield
The yield is used to pay off the 50% alUSD borrowed
Why is it a no-loss stable coin?
Both assets are correlated
You can always trade alUSD for DAI
And they move in the same direction
Both assets are correlated
You can always trade alUSD for DAI
And they move in the same direction
