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Scoopy Trooples: Alchemix – Financial Alchemy Through Self-Repaying Loans
Episode Summary
We were joined by Alchemix co-founder Scoopy Trooples, who gave us a deep look into how the protocol works, alUSD and the ALCX token, and what is coming out soon with V2.
Episode Notes
Alchemix is a DeFi protocol that enables users to create self-repaying loans. Users deposit collateral (DAI) to take out a loan in Alchemix's native synthetic stablecoin, alUSD. Alchemix then uses the DAI deposits and puts them into the Yearn protocol to earn yield and over time, that yield automatically pays off your debt.
We were joined by Alchemix co-founder Scoopy Trooples, who gave us a deep look into how the protocol works, alUSD and the ALCX token, and what is coming out soon with V2.
Topics covered in this episode:
- Scoopy's background and how he got into crypto
- What is the story behind the name Scoopy Trooples and his anonymity?
- A high level overview and use case of Alchemix
- Scoopy's vision for alUSD
- The integration with Yearn
- Will alUSD drive down yields of other stablecoins?
- How Transmuter works to maintain the 1:1 peg
- The long term vision for Alchemix and biggest potential risks
- The Alchemix community
- How they raised their funds
Episode links:
Sponsors:
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This episode is hosted by Sunny Aggarwal & Zubin Koticha. Show notes and listening options: epicenter.tv/392