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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.
- 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).