The Alchemix Comeback: Vaults, Fixed Yields, 10x Looping, and Why They've Been Building V3 For Years

Scoopy Trooples is the Founder of Alchemix.Many DeFi protocols from 2021 are gone. But Alchemix never quit.In this episode, Scoopy walks through the full Alchemix V3 redesign: how the new Mix-Yield Token (MYT) creates vaulted yields users can borrow against at 90% LTV, with zero interest, looping up to 10x, and how fixed-term redemptions unlock an entirely new yield primitive. Alchemix was the first protocol to use yield-bearing collateral for loans. V3 looks to be the long overdue evolution of the self-repaying loan, and we think this version can scale to be even bigger than V1.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🏙 MAINSTREET | Bringing proven TradFi yield strategies to DeFi markets🟠 APYX | The first dividend-backed stablecoin (DBS)🏦 ALTURA | Bringing the yield institutions kept, to your wallet🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield⚙️ GEARBOX PROTOCOL | Onchain lending reimagined------⏱️ TIMESTAMPS0:00 - Intro1:30 - Alchemix V1 and the idea for self-repaying loans6:57 - Lessons from V111:37 - Ideas leading into V316:19 - How Alchemix V1 worked20:47 - V2’s weaknesses24:17 - Overview of three pillars of Alchemix V331:31 - Pillar 1: Mix-Yield Token (MYT), Alchemix's own vaulted yields34:27 - Pillar 2: Synthetic borrowing up to 90% LTV, zero interest, 10x leverage36:39 - Pillar 3: Fixed term redemptions unlocking fixed yield41:16 - Zero interest on debt but what do we pay?42:26 - Liquidation risk in Alchemix V344:11 - Tracking where V3 strategies deploy money45:24 - V2 to V3 migration 46:17 - A new fixed yield primitive49:24 - The tradeoffs of looping in Alchemix V355:19 - Example of how a loan, looping, yield works in V359:07 - What’s a doomsday scenario for V3?1:02:01 - Audits1:06:51 - Could curators be involved in Alchemix V3?1:08:11 - New ALCX tokenomics coming1:13:25 - Closing------🔗 GUEST LINKS► Alchemix website: https://alchemix.fi/► Alchemix on X: https://x.com/alchemixfi► Scoopy Trooples on X: https://x.com/scupytrooples------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast.