Quick TakeAlchemix is a new lending protocol that allows users to borrow alUSD (a stablecoin) against DAI (and other stablecoins in the future)The alUSD supply has grown to 242 million and the protocol has a total of $882 million in locked collateral — driven heavily by ALCX incentives — since its February 2021 launchAlchemix is limited to only stablecoin denominated debt but offers users a new type of lending interaction without liquidations that some may prefer