Alchemix guides

This hub collects every foundational guide in the Alchemix knowledge base, arranged so that a reader with no prior exposure to the protocol can move from a plain-language overview through to the mechanical detail of vaults, alAssets and risk without having to hunt for context that was assumed earlier. Each guide is written to stand alone, so a reader who already understands one concept can jump straight to the next without re-reading material they have already absorbed, while a reader starting from zero can work through the list in order and build a complete mental model of the protocol one layer at a time.

The guides deliberately separate the parts of Alchemix that are easy to explain from the parts that require more care. What Alchemix is and how a self-repaying loan behaves day to day are approachable topics that most readers grasp on a first pass. How alUSD and alETH hold their peg, and what risks remain even though ordinary price liquidation has been designed away, take longer to internalise, and those guides spend more time on mechanics, edge cases and the incentives that keep the system honest under stress.

None of these guides are produced or reviewed by the Alchemix team; they are an independent attempt to document alchemix.fi accurately, cross-check claims against how the contracts actually behave, and flag uncertainty where the honest answer is that outcomes depend on variable yield rather than a fixed schedule. Read them alongside the protocol's own documentation and, where it matters to your own decisions, verify current parameters such as debt ceilings and supported vaults directly on alchemix.fi before acting.