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by browningstreet 1804 days ago
How did you come to trust Alchemix with that much capital? I'm not familiar with them, but just checking their site doesn't give me a lot of confidence about sending tens of thousands of $ to them.
2 comments

It's all open source. You can see the contracts yourself, or read an audit that someone else created. The beauty is that you don't have to trust them, because you can see exactly what can possibly happen with your money by looking at the code.
I trust people much smarter than myself to evaluate the contracts. Audits from highly reputable firms also help. Nonetheless, there's always risk.