Alchemix v3 Launches on Base Network with Variable Yield and 90% LTV Loans

Alchemix has launched its v3 version on the Base network, five years after introducing self-repaying loans in DeFi. The new deployment is significant for two reasons: it consolidates a renewed architecture and expands into one of the fastest-growing ecosystems on Ethereum's layer 2.

The core proposition of Alchemix v3 is built around three pillars. The first is variable yield, which operates through the Mix-Yield Token (MYT), a token that represents a share in a portfolio of diversified yield strategies selected and rebalanced by the Alchemix DAO.

Users can deposit collateral and distribute capital across multiple pools with different risk levels, with no lock-ups and withdrawals available at any time. The second pillar is fixed yield: users deposit alAssets into the Transmuter for a set term and redeem the underlying asset 1:1 at maturity. The rate is locked in from the moment of deposit.

The third pillar is the loan: Alchemix allows users to borrow up to 90% of their collateral in alUSD or alETH, with no interest, while the deposit continues generating yield.