crypto.loans

Alchemix ETHloan: rates, LTV & how to borrow

Can I borrow against ETH on Alchemix?
Yes — you can borrow against Ethereum (ETH) on Alchemix at 0% APR with up to 90% LTV, on a self-custody basis with no KYC.
Borrow on Alchemix

Alchemix accepts Ethereum (ETH) as loan collateral through its on-chain markets. Ethereum is the second-largest cryptocurrency and powers most DeFi lending protocols. Widely accepted as collateral across both CeFi and DeFi platforms. On Alchemix you can borrow alETH, alUSD against your ETH at 0% APR, up to a maximum loan-to-value of 90%, on a self-custody basis.

Because Alchemix is a non-custodial protocol, borrowing against ETH happens entirely in your own wallet: you supply ETH to the relevant market and draw your loan in the same transaction, with no account, KYC, or approval queue. Your ETH stays in audited smart contracts that only you can withdraw from, subject to the protocol's liquidation rules.

Ethereum's price volatility is the main driver of liquidation risk on a Alchemix loan, which is why the 90% maximum LTV exists. Borrowing well below it — and adding collateral or repaying when ETH falls — keeps your position out of the liquidation zone. Alchemix sources its rates on-chain, so the APR moves with market utilization.

How to borrow against ETH on Alchemix

  1. 1Connect a self-custodial wallet (such as MetaMask or a hardware wallet) to Alchemix.
  2. 2Supply your Ethereum (ETH) as collateral to the relevant market.
  3. 3Borrow alETH, alUSD against it, up to 90% loan-to-value — funds arrive in your wallet in the same transaction.
  4. 4Repay any time; interest accrues continuously. Keep your health factor safe so a drop in ETH does not trigger liquidation.

How Alchemix compares for ETH

14 platforms in our index accept ETH as collateral. On borrow rate, Alchemix ranks 1st of 14 — the cheapest ETH loan we track. The table below puts Alchemix next to its closest ETH alternatives so you can weigh rate against custody and LTV.

AlchemixDeFi
Borrow APR
0%
Max LTV
90%
KYC
No KYC
Custody
Self-custody
Apply
Crypto.comCeFi
Borrow APR
1–8%
Max LTV
50%
KYC
Required
Custody
In-house
Apply
NexoCeFi
Borrow APR
1.9–18.9%
Max LTV
50%
KYC
Required
Custody
Third-party
Apply
CompoundDeFi
Borrow APR
2.7–6%
Max LTV
83%
KYC
No KYC
Custody
Self-custody
Apply

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Frequently asked questions

Can I borrow against ETH on Alchemix?
Yes. Alchemix accepts Ethereum (ETH) as collateral, letting you borrow alETH, alUSD against it at 0% APR, up to 90% loan-to-value.
What is the interest rate for a Alchemix ETH loan?
Alchemix's borrow APR is 0%. As a DeFi protocol, the exact rate is set algorithmically by market utilization and changes over time.
Does borrowing against ETH on Alchemix require KYC?
No. Alchemix lets you borrow against ETH without identity verification.
What happens if my ETH collateral drops in value?
If your ETH falls far enough that your loan-to-value crosses Alchemix's liquidation threshold, part of your collateral can be sold to repay the loan. Keep a buffer below the 90% maximum LTV to reduce that risk.

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