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DeFi breaks my brain. So at Alchemix – a "future-yield-backed synthetic asset platform” – you: 1. Deposit DAI to borrow up to 50% alUSD 2. The DAI is used to “yield farm” to auto-pay your alUSD loan 3. In the meantime, you can swap alUSD to USDC 4. My head hurtspic.twitter.com/J6nM3KrRnv
1. Deposit USD and borrow up to 50% EUR 2. The USD is used to “lend to shitcos at huge yields” to auto-pay your EUR loan. 3. In the meantime you can swap EUR to USD.
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