Source: ALCXUSD Chart by TradingView
ALCX is the governance token for the Alchemix protocol.
Alchemix is a platform for the creation of yield-backed synthetic tokens that users can acquire for no cost in exchange for locking collateral in the Alchemix system. It gives users the ability to get an advance on their future yield immediately. These Alchemical Synthetic Tokens are a powerful DeFi primitive and a new way to make derivatives based on yield instead of debt.
Alchemix integrates with Chainlink to make DeFi loans a ‘set and forget’ thing
Alchemix can now become set-and-forget by using Chainlink Keepers, meaning a user can take out a DeFi loan, earn DeFi yield, and pay the DeFi loan back over time with their yield without any manual input.
prePO Raises $2.1M in Strategic Round to Democratize Pre-Public Investing
Singapore, Singapore, 23rd March, 2022, Chainwire — The funding round, led by Republic Capital and IOSG Ventures, will help unlock private markets like SpaceX and OpenSea for the masses.
How Abracadabra became one of the fastest-growing decentralized protocols
The high volatility of cryptocurrencies makes them difficult to be used as a medium of exchange. Hence, stablecoins have become an essential part of the DeFi system.
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