Crypto coin

Sell Alchemix (ALCX)

$36.82 AUD

 0.09% ()


What is Alchemix (ALCX)?

Alchemix (ALCX) is a decentralized finance (DeFi) protocol that introduces the revolutionary idea of self-repaying loans and enables users to create synthetic assets guaranteed by future yield. Alchemix, a well-known company in the blockchain sector, provides a distinctive solution that enables customers to obtain upfront financing without the requirement for conventional collateral. Alchemix has acquired widespread recognition and adoption thanks to its cutting-edge technology and community-driven ethos. It offers customers a revolutionary method for risk management and liquidity provisioning in the decentralized environment.

The History of Alchemix

Scoopy Trooples led a group of anonymous developers who built Alchemix, which launched in February 2021. At launch, Dai was the sole kind of collateral that was accepted; it could be used to create artificial alUSD tokens and had a collateralization ratio that was at least 200%. Since then, a new vault has been made by the team that enables users to deposit ETH and mint alETH tokens with a collateralization ratio of at least 400%.

Shortly after the ETH vault's launch, there was an incident when users were able to withdraw their collateral without paying back their loans, causing a loss of more than 2,200 ETH. In order to recover more than half of the cash, the Alchemix team launched a campaign encouraging users to return the missing ETH in exchange for special NFT and ALCX awards.

The Use Case of Alchemix

Alchemix caters to both individual consumers and liquidity providers within the DeFi ecosystem, offering a diverse range of use cases. Users can create the synthetic asset known as alUSD, which is a claim on future yield produced by deposited collateral, by utilizing Alchemix's self-repaying loan feature. This offers flexibility and capital efficiency by enabling consumers to acquire upfront liquidity without having to liquidate their underlying assets.

The Alchemix ecosystem also allows liquidity providers to take part by depositing assets and provide collateral for the creation of alUSD. As a result, individuals receive a share of the yield produced by the protocol, which encourages involvement and makes sustainable yield farming tactics possible. Within the Alchemix ecosystem, the native ALCX coin is crucial. It functions as a governance and utility token, giving holders access to special features and benefits as well as the power to vote on protocol proposals and influence the platform's development.


ALCX Price Statistics

Alchemix Price
24H Low/24H High
7D Low/7D High
Trading Volume
Market Cap Rank
Market Cap
Volume/Market Cap
All-Time High
$2,670.20 -98.62%
20 Mar 2021 (about 3 years)
All-Time Low
$15.98 129.78%
11 Sep 2023 (8 months)
Trade 300+ Supported Coins

How to buy Bitcoin and build your crypto portfolio

Trade over 300+ Supported Coins with AUD

Block earner
How to buy
  • 1.

    Sign Up

    Open your account

  • 2.

    Get Verified

    Verify your identity

  • 3.

    Move Your Money

    Get started in minutes

Get Started


Stay updated

Supported Coins

Trade 300+ Cryptocurrencies

Get in touch

Contact us