Since I love octo and I love this community I would like to share my newest gem.
The coin I'm talking about is Alchemix (ALCX).
Alchemix (ALCX) is a DeFi protocol that allows users to take out loans that can repay themselves over time by using the collateral to generate yield.
Alchemix takes deposits via DAI, and then converts the DAI into its native stablecoin called alUSD to give out loans.
Users can loan up to 50% of their deposits on the Alchemix platform and settle their debts by leaving their deposits to generate yield, repaying with alUSD or DAI whenever they want, or using part of their collateral. Shortly after launch, the platform gained more than $500 million in total value locked. (source: https://dailyhodl.com/2021/03/08/two-new-defi-assets-skyrocket-as-bitcoin-and-ethereum-move-sideways/)
You can read more about it here:
There are many big ethereum whales involved and in general, lots of people that I look up to are talking about it. I'm farming some ALCX (to buy more octo of course), but as you guys know in the DeFi space... DYOR and don't invest more than you are willing to lose!