What is the best way to stake Alchemix? Thanks.
There are multiple ways to earn income with Alchemix. I’ll keep it simple and tell u what i’m doing. I took some of my ALCX tokens went to https://app.alchemix.fi/. Then went to the “Farm” tab and staked some of my ALCX in the ALCX pool. That pool allows single asset liquidity. That means u can stake your ALCX tokens without having an equivalent amount of ETH. There are other pools u can use but I’m only in the ALCX pool. Success with your investment.
I’ll check it out…Much appreciated
I heard about Alchemix today from MDX crypto x Ian baking discussion.
Ian: Alchemix, being able to borrow against your collateral asset without having to pay it off. Basically, our collateral is put into a yearn/dai vault and that yield is used to pay off your loan.