Alchemix pioneers decentralized finance with self-repaying loans, synthetic assets, and community-driven governance for unparalleled innovation in DeFi. More
| Fully Diluted Valuation | $29.35M |
|---|---|
| 24H Trading Volume | $2.17M |
| 24H Low / High | $9.28 / $ 9.66 |
| Circulating Supply | 2.45 M |
| Total Supply | 3.05 M |
| Max Supply | 3.05 M |
| Categories | Decentralized Finance (DeFi) 8 more |
|---|---|
| Founder | Scoopy Trooples |
| Website | alchemix.fi |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Nearblocks 3 more |
| Contracts |
0xdbd....0c8df
1 more
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| Name | Pair | OG Score |
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In the fast-evolving landscape of decentralized finance (DeFi), Alchemix stands out as a trailblazer, offering a unique financial platform that introduces self-repaying loans. Launched in February 2021 by a team of pseudonymous developers led by Scoopy Trooples, Alchemix provides users with the ability to leverage various tokens without the inherent risk of liquidation. It marks a significant advancement in DeFi with its innovative same-asset loan product, facilitating collateralized borrowing while ensuring no liquidations and providing unparalleled flexibility for users.
At its core, Alchemix Finance operates as a synthetic asset protocol and community DAO, underpinned by the Alchemix token (ALCX). This governance token empowers users to actively participate in shaping the platform's future. Alchemix token holders have a say in the development and governance of the protocol, reinforcing the platform's commitment to decentralization. The platform's synthetic tokens, such as alUSD, are minted by leveraging existing tokens with on-chain yield generation mechanisms, like stablecoins or ERC20s. The protocol not only allows users to earn yield on their collateral but also automatically repays their loans, setting a new standard in DeFi innovation.
Despite facing challenges early on, such as an incident involving the ETH vault, where users were able to withdraw collateral without repaying loans, Alchemix demonstrated resilience. The team initiated a community-driven campaign, encouraging users to return lost ETH in exchange for exclusive rewards, showcasing the strength of the Alchemix community. Looking ahead, Alchemix is poised to further embrace decentralization by transitioning into a DAO controlled solely by the community. With plans to divert a portion of the overall yield to the DAO treasury for sustainable growth, Alchemix continues to shape the future of decentralized finance with its groundbreaking solutions.
Alchemix (ALCX) stands out for introducing self-repaying loans and synthetic assets, offering collateralized borrowing without liquidation risks in the decentralized finance (DeFi) space.
Alchemix was founded by pseudonymous developers led by Scoopy Trooples, who have been instrumental in pioneering innovative solutions in the DeFi sector.
Alchemix has garnered support from The Spartan Group, Delphi Digital, CMS Holdings, GBV Capital among others.
You can buy Alchemix (ALCX) on Binance, Gate.io, Coinbase, Kraken, Crypto.com cryptocurrency exchanges.
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There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Alchemix (ALCX) is ($2,454,219), max supply of Alchemix ALCX is ($3,051,857) and the market cap of Alchemix ALCX is ($23,604,328).
What is the Alchemix (ALCX) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Alchemix (ALCX) is $9. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Alchemix (ALCX) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Alchemix ALCX) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Alchemix (ALCX) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
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Does the coin/token have enough trading pairs and liquidity?
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