Alchemix is an innovative decentralised finance (DeFi) protocol offering a unique blend of synthetic assets and self-repaying loans, founded in early 2021. At its core, Alchemix enables users to deposit stablecoins such as DAI into the protocol and borrow synthetic assets pegged to that deposit. A distinctive feature of Alchemix is its ability to automatically use yield earnings from the deposited collateral to repay the borrowed amount over time, thus alleviating the traditional burden of loan repayment. This self-repaying loan system is powered by the yield-generating capabilities of DeFi protocols like Yearn Finance. With a community-driven governance structure, Alchemix aims to offer financial innovation while promoting user autonomy and flexibility, appealing to both crypto enthusiasts seeking yield optimization and risk-averse investors interested in efficient loan management.