What is Alchemix?

Alchemix is a decentralized finance protocol that enables users to obtain loans that are repaid automatically over time through yield generation. The protocol uses a unique system allowing users to collateralize their assets and receive a synthetic asset, which can be used in various DeFi applications.

The native governance token is designed to empower holders to participate in decision-making processes within the protocol. Alchemix aims to enhance the efficiency of borrowing and lending while providing an automated repayment model for its users.