Alchemix articles

Where the guides establish the vocabulary and the basic shape of Alchemix, this set of articles goes further into the mechanics that determine whether a position performs the way a new user expects. A first-deposit walkthrough turns the abstract idea of a self-repaying loan into a concrete sequence of transactions, choices and checks, written the way a careful person would actually approach connecting a wallet and sizing a first mint of alUSD or alETH for the first time.

Other articles in this series take a single mechanism — the Transmuter, or the yield strategies behind an alchemist vault — and explain it in enough depth that a reader can reason about edge cases, not just the common path. That includes what happens when yield slows, why an alAsset can trade away from par for a period, and how governance changes to debt ceilings or approved strategies eventually reach an individual depositor's position, sometimes months after the original decision was made.

A comparison article sets Alchemix directly against conventional overcollateralised DeFi lending, because the two models solve the same underlying problem — liquidity without selling — with genuinely different trade-offs around interest, liquidation and flexibility. Reading that comparison alongside the mechanism articles is the fastest way to decide, with real numbers in mind rather than marketing language, whether a self-repaying loan actually fits a particular goal and time horizon.