Mix-Yield Token (MYT) gives you passive exposure to a curated set of yield strategies without needing to manage positions yourself. Each token represents a share of assets that the Alchemix DAO allocates across multiple protocols.
Explore technical documentation for MYT →
What is MYT?
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Tokenized basket. MYT is a customized vault token utilizing Morpho V2's open-source infrastructure. It holds deposits of ETH or USDC and routes them into several yield sources.
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DAO-managed allocation. The Alchemix DAO selects strategies, sets target weights, and rebalances as markets shift.
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Powered by open-source infrastructure. The core Alchemix vault logic utilizes Morpho's open-source v2 vaults layer to optimize on-chain execution and safety.
Why Use MYT?
| Passive income | Each deposit gives you diversified yield without manual re-staking. |
| Risk management | DAO oversight, strategy diversification and rebalancing reduce single-protocol exposure. |
| Flexibility | Choose the chain and bundle that suit your goals, redeem at any time. |
Per-Chain Variants
There is one ETH-denominated and one USDC-denominated MYT on every supported chain. Strategies differ by chain, letting you choose the profile that matches your preferences. These strategies can change with DAO-issued votes.
You can view the current strategy breakdowns directly in the UI →
Depositing and Earning
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Select the MYT that matches your base asset and preferred chain.
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Deposit ETH or USDC, and the vault will mint MYT at the current exchange rate. As yield accrues, each MYT represents an increasing claim on the underlying asset.
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Hold MYT. As strategies earn yield, the redemption value of each token increases.
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Redeem at any time for your principal plus any accumulated yield.
There are no lock-ups, and yield compounds continuously.