Alchemix

Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near instant tokenized value against temporary* deposits of stablecoins.

AlchemistV2

• The AlchemistV2 is the core contract in any Alchemix debt-system that holds Account data and issues that system's debt tokens.
• The AlchemistV2 is flexible enough to accept deposits in the form of either yield-bearing-assets or underlying collateral assets (and wrapping said underlying tokens into their yield-bearing form).

Sources:

• https://alchemix-finance.gitbook.io/v2/
• https://defillama.com/protocol/alchemix