What exactly is Alchemix?

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• VeALCX stakers get yield within the $ALCX subject to a comparable securing words because their veALCX BPT token — ie, unlocking BPT will even discover $ALCX with no punishment.

The newest finance program claims to make use of to the-strings governance and you will evolve for the an excellent decentralized independent organization (DAO) supervised by area. The new Alchemix protocol debuted in the March 2021 and simply accepted Dai (an excellent stablecoin to the Ethereum blockchain pegged on the U.S. dollar) while the only collateral deposit. Dai is utilized to make artificial Alchemix tokens called alUSD and it has at least guarantee ratio from 2 hundred%. But not, Alchemix generates large production and mortgage options by using the decentralized financing (DeFi) protocol.

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What is Alchemix?

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