Chymia
  • What is Chymia
  • ELI5: Activities on Chymia
  • Protocol Concepts
    • Connecting Web3 Wallets to Chymia
    • Depositing Collateral and Minting cUSD
      • Vault
      • Individual Vault Collateral Ratio (ICR)
      • Minimum Collateral Ratio (MCR)
      • Loan Duration
      • Liquidation Reserve
    • Using cUSD
      • Stability Pool
        • Acquiring Liquidated Collateral at a Discount
      • Redemption
    • Repaying cUSD Debt
    • Peg Maintenance
    • Liquidations
      • Liquidator
      • Claiming Liquidated Collateral
      • Liquidation Penalty
      • Underfunded Stability Pool
    • Recovery Mode
      • Impact on Fees
      • Impact on Liquidations
    • Fees
      • Minting Fees
      • Redemption Fees
      • Non-Redemption Fees
      • Interest Fees on Debt
    • Supported Collateral
  • Governance
    • Protocol Governance
    • Earning CHY
    • Emissions
    • Locking
    • Voting
    • Boosting Emissions
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What is Chymia

Chymia is a DeFi protocol on the Filecoin Virtual Machine (FVM).

It is designed to harness the power and flexibility of Liquid Staking Tokens (LSTs) in the FVM ecosystem by offering users the ability to mint a unique stablecoin, cUSD.

The protocol ensures these stablecoins are over-collateralized by LSTs, providing a secure and efficient financial tool for a wide range of DeFi applications.

Through Chymia, holders of LSTs can:

  • Make their assets even more productive and generate higher yield.

  • Create liquidity for their tokens by using them as collateral.

If you currently hold any LSTs, put them to work on Chymia today.

NextELI5: Activities on Chymia

Last updated 1 year ago