📍Project Rating: Alchemix丨C $ALCX

As a lending protocol, the innovative point is that the yield obtained through the mortgaged assets can automatically repay the borrowed debt

To put it simply, the mortgage yield is hedged with the debt. I think this design does not buffer the liquidation risk, especially in some unilateral market conditions with high volatility加入战队，项目投研到二级分析全服务👈🏻

If this design can be introduced into Ethena's neutral strategy, I think it is a good Defi improvement, or the current Alchemix protocol is adjusted to a neutral strategy of hedging nature, which is a better solution

About rating🔻

S: Must pay attention to, but in principle it is difficult to have projects with this rating

A: Worth being included in the observation pool

B: Generally, it is the level of relatively active projects, and there is a chance to enter the observation pool

C: A relatively ordinary target

D: Not worth paying attention to

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