crypto.loans

Alchemix USDCloan: rates, LTV & how to borrow

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

Alchemix accepts USD Coin (USDC) as loan collateral through its on-chain markets. USDC is a regulated stablecoin pegged to the US dollar, commonly borrowed against crypto collateral. On Alchemix you can borrow alETH, alUSD against your USDC 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 USDC happens entirely in your own wallet: you supply USDC to the relevant market and draw your loan in the same transaction, with no account, KYC, or approval queue. Your USDC stays in audited smart contracts that only you can withdraw from, subject to the protocol's liquidation rules.

Posting USDC — a dollar-pegged stablecoin — as collateral means liquidation pressure is minimal in normal conditions, since the collateral holds its value. Alchemix's 0% borrow APR is the cost to watch; the main tail risk is a stablecoin depeg rather than ordinary volatility.

How to borrow against USDC on Alchemix

  1. 1Connect a self-custodial wallet (such as MetaMask or a hardware wallet) to Alchemix.
  2. 2Supply your USD Coin (USDC) 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 USDC does not trigger liquidation.

How Alchemix compares for USDC

10 platforms in our index accept USDC as collateral. On borrow rate, Alchemix ranks 1st of 10 — the cheapest USDC loan we track. The table below puts Alchemix next to its closest USDC alternatives so you can weigh rate against custody and LTV.

AlchemixDeFi
Borrow APR
0%
Max LTV
90%
KYC
No KYC
Custody
Self-custody
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
AaveDeFi
Borrow APR
4–8%
Max LTV
80%
KYC
No KYC
Custody
Self-custody
Apply

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Frequently asked questions

Can I borrow against USDC on Alchemix?
Yes. Alchemix accepts USD Coin (USDC) 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 USDC 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 USDC on Alchemix require KYC?
No. Alchemix lets you borrow against USDC without identity verification.
What happens if my USDC collateral drops in value?
If your USDC 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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