General Overview of Alchemix Finance
Alchemix Finance is a decentralized protocol specializing in future-yield-backed synthetic assets. Operated as a community DAO, it enables users to access advances on yield farming strategies through synthetic tokens. These tokens represent fungible claims on underlying collateral within the Alchemix ecosystem.
Key Features:
- Synthetic Asset Protocol: Converts deposited collateral into yield-generating synthetic tokens.
- DAO Governance: Community-driven funding for ecosystem growth and Ethereum-based projects.
- Self-Repaying Loans: Unique mechanism where yields automatically repay borrowed amounts over time.
Current Alchemix (ALCX) Price and Market Data
ALCX Price: $7.31 (updated live)
24h Change: +0.27%
Market Cap: $17.77 million
Circulating Supply: 2.43M ALCX (80.9% of max supply)
24h Trading Volume: $598.18K
Historical Performance:
- All-Time High (ATH): $2,046 (April 7, 2021)
- Current ATH Difference: -99.6%
ALCX Price Statistics and Tokenomics
| Metric | Value |
|---|---|
| Total Supply | 3,048,816 ALCX |
| Circulating Supply | 2.43M ALCX |
| Market Dominance | 0.00% |
👉 Track real-time ALCX price trends
How Alchemix Works
- Collateral Deposition: Users deposit assets like DAI into the protocol.
- Synthetic Token Minting: The system issues alUSD (or other synthetic tokens) representing future yield.
- Yield Automation: Generated yields repay the borrowed amount over time, eliminating liquidation risks.
Example:
Depositing $1,000 in DAI might mint $500 in alUSD, with farming yields gradually repaying the $500.
Why Alchemix Stands Out
- No Liquidations: Self-repaying structure mitigates traditional DeFi risks.
- DAOs & Governance: Proposals fund ecosystem projects via community voting.
- Transparency: On-chain audits and open-source code ensure trust.
FAQs About Alchemix (ALCX)
1. What drives Alchemix’s price volatility?
ALCX fluctuates based on DeFi adoption, yield farming trends, and broader crypto market sentiment.
2. How is Alchemix’s supply controlled?
The max supply is capped at 3.01M tokens, with ~2.43M currently circulating.
3. Where can I buy ALCX?
ALCX is available on major exchanges like OKX, Uniswap, and SushiSwap.
4. What’s the role of the Alchemix DAO?
It funds projects enhancing the protocol’s utility and Ethereum integration.
5. Is Alchemix audited?
Yes, smart contracts undergo rigorous third-party audits for security.
Final Thoughts
Alchemix merges decentralized finance with innovative yield solutions, offering users a liquidation-free borrowing experience. Its DAO-driven growth and transparent tokenomics position ALCX as a unique player in the DeFi space.
For real-time charts and conversions, visit:
👉 ALCX/USD price tracker