Market Data & Token Stats
| Fully Diluted Valuation | $17.60M |
|---|---|
| 24H Trading Volume | $1.35M |
| 24H Low / High | $5.43 / $5.61 |
| Circulating Supply | 2.52M |
| Total Supply | 3.16M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 9.62% Fair |
|---|---|
| Circulating Ratio | 79.70% High |
Key Project Information
| Categories | Decentralized Finance (DeFi) 8 more |
|---|---|
| Founder | Scoopy Trooples |
| Website | alchemix.fi |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Arkm 3 more |
| Contracts |
0xdbd....0c8df
1 more
|
OGAudit Security Evaluation & Social Audit Metrics
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Alchemix (alcx) Expert User Reviews
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$alcx Markets
| Name | Pair | OG Score |
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About Alchemix
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.
What is unique about Alchemix (ALCX)?
Alchemix (ALCX) stands out for introducing self-repaying loans and synthetic assets, offering collateralized borrowing without liquidation risks in the decentralized finance (DeFi) space.
Who are the founders of Alchemix (ALCX)?
Alchemix was founded by pseudonymous developers led by Scoopy Trooples, who have been instrumental in pioneering innovative solutions in the DeFi sector.
Who are the backers/investors of Alchemix (ALCX)?
Alchemix has garnered support from The Spartan Group, Delphi Digital, CMS Holdings, GBV Capital among others.
Where can I buy Alchemix (ALCX)?
You can buy Alchemix (ALCX) on Coinbase, Binance, Kraken, Gate.ioBingX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Alchemix Official Website, Alchemix GitHub Repository and Alchemix X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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