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Synthetics · Alternatives

The best Alchemix V2 alternatives in 2026

Alchemix V2 is a legacy self-repaying loan protocol; its migration to V3 is complete, so verify old positions before acting. If Alchemix V2 is not the right fit, these 6 reviewed Synthetics options are the closest matches, ranked by SkyBitcoins score. Read our full Alchemix V2 review

At a glance

Alchemix V2 vs the alternatives

Alchemix V2 compared with its alternatives
dAppScoreTVLChains
Alchemix V2 logoAlchemix V2(this one)Score 3.0 out of 10$79.0K4
Alchemix V3 logoAlchemix V3Score 6.1 out of 10$38.2M4
Jarvis Network logoJarvis NetworkScore 4.8 out of 10$82.0K7
Metronome Synth logoMetronome SynthScore 4.5 out of 10$9.56M3
Metronome V1 logoMetronome V1Score 4.5 out of 10$123K1
Usual ETH0 logoUsual ETH0Score 4.0 out of 10$2.06M1
Harbor logoHarborScore 3.2 out of 10$12

Ranked

Top Alchemix V2 alternatives

  1. 1
    Alchemix V3 logo

    Alchemix V3

    Synthetics · Ethereum, Optimism, Base +1

    Alchemix V3 lets you borrow against ETH or USDC while yield can repay the loan over time. Check the strategy risks, redemption timing and unpublished fees before depositing.

    Read the Alchemix V3 reviewVisit Alchemix V3(opens in a new tab)
    ScoreScore 6.1 out of 10
    TVL $38.2M−1.1%
  2. 2
    Jarvis Network logo

    Jarvis Network

    Synthetics · Polygon, BNB Chain, Avalanche +4

    Jarvis Network is a set of protocols for synthetic asset exposure, with a wallet app that reads your on-chain positions. Fees, liquidity and contract-key risks need checking before you use it.

    Read the Jarvis Network reviewVisit Jarvis Network(opens in a new tab)
    ScoreScore 4.8 out of 10
    TVL $82.0K−0.3%
  3. 3
    Metronome Synth logo

    Metronome Synth

    Synthetics · Ethereum, Optimism, Base

    Metronome Synth lets you create synthetic assets using crypto collateral. Before depositing, check the app’s current fees, collateral rules and liquidation terms: Metronome does not publish those details on its main site.

    Read the Metronome Synth reviewVisit Metronome Synth(opens in a new tab)
    ScoreScore 4.5 out of 10
    TVL $9.56M−1.4%
  4. 4
    Metronome V1 logo

    Metronome V1

    Synthetics · Ethereum

    Metronome is a DeFi protocol for minting synthetic assets against crypto collateral. Its product is identifiable, but fees, liquidation rules and key security details need checking before you use it.

    Read the Metronome V1 reviewVisit Metronome V1(opens in a new tab)
    ScoreScore 4.5 out of 10
    TVL $123K−0.8%
  5. 5
    Usual ETH0 logo

    Usual ETH0

    Synthetics · Ethereum

    Usual ETH0 is an Ethereum synthetic asset described as backed by wstETH. The main decision is whether its collateral and minting or redemption rules are clear enough for you to accept the risks.

    Read the Usual ETH0 reviewVisit Usual ETH0(opens in a new tab)
    ScoreScore 4.0 out of 10
    TVL $2.06M−1.4%
  6. 6
    Harbor logo

    Harbor

    Synthetics · MegaETH, Ethereum

    Harbor is a synthetic-asset DeFi protocol, but its app currently says new deposits are disabled. Existing users can still withdraw or redeem from archived markets.

    Read the Harbor reviewVisit Harbor(opens in a new tab)
    ScoreScore 3.2 out of 10
    TVL $1−0.9%