Use Cases
DAOs & Treasuries​
Treasury managers can park idle ETH or USDC in the Meta-Yield Token (MYT) to earn a diversified return while assets remain fully on-chain. When liquidity is required, the same collateral mints alAssets that can be swapped for operating capital, vault yield then repays the debt. Any surplus alAssets can enter the Transmuter to secure a predictable, fixed-rate gain.
Example flow:
| Action | Result |
|---|---|
| Deposit 10,000 ETH → MYT | Treasury begins earning blended yield |
| Mint 9,000 alETH, swap to stables | 90% LTV runway without selling core asset |
| Vault yield and redemptions accrue | Debt balance shrinks automatically |
| Excess alETH → Transmuter | Locks in fixed return |
Money-Market Protocols​
Listing alUSD and alETH as collateral gives borrowers indirect access to MYT yield without the platform itself managing strategies. Because alAssets trade close to face value and carry no variable interest, they fit neatly into existing risk engines while opening new leverage paths for users.
Vault Curators​
Strategy designers can submit new ERC-4626 modules for inclusion in the MYT basket. Once approved by governance, the module earns a slice of generated yield, providing curators with recurring revenue and improving the vault’s risk-adjusted return.
DeFi Onboarders​
Wallets, dashboards, and on-ramps can integrate Alchemix V3 to expose end users to automated yield, self-repaying credit, and fixed-rate redemptions, broadening product coverage without maintaining strategies in-house.
Yield Aggregators​
Aggregators can route deposits into Alchemix vaults to capture dependable ETH or USD denominated yield. The position can stand alone or be folded into a layered product, allowing the aggregator to charge a performance or management fee while delivering competitive returns.
Yield Hunters​
Power users can stack three angles, looped leverage on risk-adjusted yield, fixed-rate gains by buying discounted alAssets for Transmuter redemption, and like-for-like liquidity pools that eliminate impermanent loss. This creates a toolkit that delivers both predictable safe income and optional upside without variable-rate complications.