Alchemix (ALCX) Price
ALCX is only available to store
This asset is currently unavailable to trade on Gemini. You can store ALCX and transfer it with a compatible external wallet.
About Alchemix (ALCX)
Alchemix is an innovative, hybrid DeFi application that allows for the creation of yield-backed synthetic assets. With its unique ability to provide collateral that can also generate yield, Alchemix can offer a self-paying loan that has effectively no risk of liquidation. This product, “Vaults”, is the centerpiece of the Alchemix ecosystem and uses Yearn.finance as a building block for yield on underlying assets like DAI, with support for ETH and others coming soon.
Store Alchemix
This asset is currently unavailable to trade on Gemini. You can store ALCX and transfer it with a compatible external wallet.
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About Alchemix (ALCX)
Alchemix is an innovative, hybrid DeFi application that allows for the creation of yield-backed synthetic assets. With its unique ability to provide collateral that can also generate yield, Alchemix can offer a self-paying loan that has effectively no risk of liquidation. This product, “Vaults”, is the centerpiece of the Alchemix ecosystem and uses Yearn.finance as a building block for yield on underlying assets like DAI, with support for ETH and others coming soon.
Alchemix links and resources
The whitepaper
Alchemix website
Frequently asked questions
Alchemix Token
ALCX token is an ERC-20 token used to govern and incentivize liquidity for the Alchemix protocol. Its primary use cases are governing the Alchemix decentralized autonomous organization (DAO) and rewarding network participants for providing liquidity.
Learn more about Alchemix on cryptopedia
