‘Self-Repaying Loan’ Platform Alchemix to Expand Collateral Types, Strategies

‘Self-Repaying Loan’ Platform Alchemix to Expand Collateral Types, Strategies
Alchemix revealed plans for a the second version of its platform on Friday.The forthcoming v2 represents a significant protocol upgrade that will make a vertical that already appears far-fetched to traditional finance wonks – “self-repaying” loans – even more exotic.In a blog post, the Alchemix team detailed an overhaul that will vastly expand accepted collateral types, yield-bearing strategies and collateral utility for users.Alchemix, the 37th-ranked decentralized finance (DeFi) protocol with $1.06 billion in total value locked (TVL), is notable for being a project with few, if any real-world corollaries – and one that often strikes outsiders as unsustainable.Here's a charming example.…