TradFi: - Source of Income = Interest + Dividends - Payments are spaced out, eg. Quarterly Alchemix = Get future yield now - Alechemix vaults act as a hub to generate yield advances in the form of a synthetic derivative called alUSD pegged to $1 - Total Value Locked = $1.7B 1. Deposit DAI and borrow up to 50% of the deposited amount of DAI at a 1:1 ratio, by minting alUSD. 2. The deposited DAI is then deployed to Yearn vaults to earn yield and continuously pay back the vault owner’s debt while the vault owner can choose to use the alUSD for personal expenses, farming, or whatever they want! #wip #kp #deeptech