Epicenter - Learn About Blockchain, Ethereum, Bitcoin And Distributed Technologies

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 cryptoWhat is the story behind the name Scoopy Trooples and his anonymity?A high level overview and use case of AlchemixScoopy's vision for alUSDThe integration with YearnWill alUSD drive down yields of other stablecoins?How Transmuter works to maintain the 1:1 pegThe long term vision for Alchemix and biggest potential risksThe Alchemix communityHow they raised their fundsEpisode links:Alchemix WebsiteAlchemix DiscordAlchemix on TwitterScoopy on TwitterS