AMA with Scoopy Trooples of Alchemix
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 29 April 2021
⏱️ 80 minutes
🧾️ Download transcript
Summary
These are hosted the 2nd and 4th Wednesday each month, so mark your calendars, tune in, and ask questions!
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Resources:
What is Alchemix?
https://dyor.fi/alcx
Scoopy on Twitter
https://twitter.com/scupytrooples?s=20
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Transcript
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| 0:00.0 | Hey, Banclist Nation, welcome to this community. Ask me anything. Today we have on the |
| 0:18.3 | show Scoopy Trooples of the Alchemics Protocol. Alchemics is a brand new application just |
| 0:24.0 | two months old as of the day of recording and it's already harnessed over a billion dollars |
| 0:31.0 | locked in its application and has really paved a new field of innovation when it comes |
| 0:37.6 | to how to get credit and yield in Ethereum and DeFi and it's got some unique properties |
| 0:44.0 | that really are just completely brand new money lego to add to the overall Ethereum stack |
| 0:50.2 | that is being built here. We actually lost the first part of the stream which is why we |
| 0:56.1 | are doing a little bit of a different introduction here and so we are actually going to hop into |
| 1:00.7 | the middle of the introduction with me and Ryan here in a second because we lost the first |
| 1:06.0 | part of the interview and in that first part of the interview we kind of explained what |
| 1:10.0 | Alchemics is as a protocol and really what it does is it allows you to deposit stable |
| 1:15.6 | coins and then receive a payment up front on the future yield of those stable coins and so it |
| 1:22.9 | is a way to get more dollar exposure with dollar collateral but also Scoopy leaks some alpha here |
| 1:31.1 | first and for bankless listeners before everyone else further on in the podcast that talks about |
| 1:36.6 | Alchemics V2 and some unlocked features coming in Alchemics V2 so saving the alpha for the |
| 1:43.9 | bankless nation so without further ado let's go into the second half of the introduction with me |
| 1:48.7 | and Ryan. There you go all right guys I guess a few other short facts and then we'll get the |
| 1:54.6 | sponsors we'll get into the show so I mentioned that this protocol Alchemics has accumulated a massive |
| 2:00.9 | amount of value over the last two months so a billion in value locked there's over 400 million |
| 2:06.1 | in liquidity we put out a tactic about this yesterday so tactic on the bankless newsletter is |
| 2:12.9 | kind of a how-to and we titled this how-to take out a self-repairing loan because that's what |
| 2:21.0 | this actually is and what's exciting I think to David and I about this project is it feels very |
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