Alchemix is a DeFi protocol that allows the creation of synthetic tokens representing the future returns of deposits. This platform provides flexible instant loans that can be repaid on their own over time. It addresses the risk of leveraged positions being forcibly flattened.ALCX is the native functional and governance token of the project. The current use cases for ALCX include:Liquidity mining: Users can contribute liquidity to the collateral pool on Alchemix to earn a share of liquidity rewards and transaction fees.Casting synthetic tokens: Users can deposit assets (such as ETH) as collateral and cast 1:1 synthetic tokens (such as alETH) on Alchemix.Governance ALCX token holders can participate in voting through on chain governance.The project consists of the following main components:Vault: As a hub for generating income prepayments, the vault has many similarities with lending platforms such as MakerDAO and AAVE.Users deposit collateral to mint corresponding synthetic tokens (loans) and tokenize their future earnings.The proceeds obtained from users' collateral will automatically repay their loans.Mortgage pool: Mortgage pool provides liquidity pairs for tokens in the Alchemix ecosystem and rewards users for contributing liquidity in return.Transmuter: Transmuter allows users to mortgage their synthetic assets and convert them into their basic assets over time.Alchemix DAO: Alchemix will be managed by one DAO. DAO will focus on funding projects that contribute to the development of the Alchemix ecosystem and Ethereum community.
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