Alchemix ETH ALETH

Alchemix ETH refers to the synthetic version of ETH that is used as collateral in the Alchemix ecosystem. By depositing ETH into Alchemix, users can borrow a same-asset loan without the risk of liquidation. The borrowed amount can be up to 50% of the deposited ETH collateral. This innovative DeFi product allows users to earn yield on their collateral, which is used to automatically pay off the loan over time.

Alchemix ETH is unique compared to other cryptocurrencies because it is a synthetic version of ETH that can be used as collateral for borrowing loans without the risk of liquidation. This means that users can leverage their ETH holdings without the fear of losing their assets if the value of ETH drops significantly. Additionally, Alchemix ETH allows users to earn yield on their collateral, which is used to automatically pay off their loans. This innovative feature sets Alchemix ETH apart from other cryptocurrencies in the DeFi space.