APY.Finance Integrates with Alchemix, Yield Tokenization Protocol

We are extremely excited to announce that APY.Finance has integrated Alchemix’s Curve-alusd pool within the APY.Finance yield farming portfolio. $APY governance token holders voted unanimously to add the pool to the APY.Finance platform, with over 5.5m $APY tokens used to participate in the proposal. Readers can learn more about Alchemix via their whitepaper and documentation.

Alchemix is a CDP platform that specializes in non-liquidatable, self-repaying loans. Alchemix enables saving and spending money at the same time, with the full collateral balance going to work to automatically repay borrowers’ alUSD or alETH debt over time. Get an advance on your future yield with Alchemix.

The Alchemix Protocol is managed by the Alchemix DAO, and powered by the ALCX governance token.

Alchemix highly prioritizes the safety of user’s deposits, with emergency-shutdown vaults available in the rare case of an exploit, assisting in preventing and mitigating potential losses. Diversifying into risk-adjusted strategies such as Alchemix will assist APY.Finance in increasing yield stability over time, offsetting the risk of high-risk, high-yield return farms that are added in the future.

The integration of the Curve-alusd pool is now complete; providing yield and additional diversification to users who deposit via APY.Finance. A portion of new and existing platform deposits will automatically be routed to all of the currently active strategies, including the Curve-alusd pool, with just a single user deposit.

Begin yield farming now: APY.Finance