Alchemix price
ALCX
ALCX

Alchemix price

$17.6084
-$0.64031
(-3.51%)
Price change from 00:00 UTC until now
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USD
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Alchemix market information

Market cap
$39.91M
Circulating supply
2,274,273 ALCX
Market cap ranking
231
24h high
$18.6389
24h low
$17.5284
All-time high
$525.00

ALCX calculator

USDUSD
ALCXALCX
Our current rate
1 ALCX ≈ $17.6084

Alchemix price performance in USD

The current price of Alchemix is $17.6084. Since 00:00 UTC, Alchemix has decreased by -3.51%. It currently has a circulating supply of 2,274,273 ALCX and a maximum supply of 2,932,959 ALCX, giving it a fully diluted market cap of $39.91M. At present, Alchemix holds the 231 position in market cap rankings. The Alchemix/USD price is updated in real-time.
Today
-$0.64031
-3.51%
7 days
$1.3684
+8.42%
30 days
-$1.1716
-6.24%
3 months
-$11.7516
-40.03%

About Alchemix (ALCX)

3.8/5
Certik
3.6
07/19/2024
CyberScope
4.1
07/20/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Built on Ethereum, Alchemix is a decentralized finance protocol that allows users to take out collateral-backed loans that are automatically paid off using the yield generated by the collateral. ALCX is the name and ticker symbol of Alchemix protocol's native ERC-20 governance token.

To take out a loan, users must deposit collateral in stablecoins or Ethereum-based tokens in exchange for the protocol's native synthetic token, alToken. The collected collateral is deposited in trusted lending markets or yield-generating vaults, such as yearn.finance. Yields harvested from these vaults automatically pay out users' loans.

Alchemix has implemented several security measures to keep your funds safe, such as security audits by Certik. In addition, the protocol deposits your funds in trusted DeFi protocols like yearn.finance. Alchemix vaults also have an emergency shutdown mechanism to withdraw all funds from yearn.finance and pause deposits if something goes wrong.

To maintain the peg of alTokens, Alchemix has set a limit on how many alTokens can be minted from an underlying asset depending on the asset's technical, market, and legal risk. Alchemix also uses Chainlink oracle price feeds. If the stablecoin's value falls below a certain threshold, users cannot mint, liquidate or repay using the base asset until its price returns to acceptable levels.

With ALCX, you can vote on the protocol's governance via the Alchemix DAO once it is formed. Additionally, yield farming rewards are distributed in ALCX tokens. 10% of all yields collected by Alchemix vaults will go to the Alchemix DAO treasury. ALCX holders will vote on the allocation of these funds, protocol parameters, feature requests, and other matters of the Alchemix DAO.

ALCX price and tokenomics

ALCX does not have a hard-capped supply. ALCX tokens will be released via their emission schedule, reducing the issuance of ALCX tokens over three years and impacting ALCX price charts. Initially, there will be a pre-mine of 478,612 ALCX tokens considering the estimated circulating supply of ALCX tokens is 2,393,060 after three years.

Alchemix DAO treasury will receive a pre-mine of 15% of the projected supply after three years and an additional 5% for bug bounties. The remaining 80% are kept for staking rewards. 16% of all emissions will go to Alchemix founders, on-board developers, and community developers via an exclusive staking pool which will receive 20% of ALCX block rewards. Stakers and liquidity providers will get 80% of ALCX block rewards, equivalent to 64% of all ALCX emissions. After three years, there will be an estimated annual inflation of 4.5% of the ALCX supply, causing an impact on the ALCX price. Alchemix claims that inflation will decrease over time.

About the founders

Alchemix has prominent investors such as DCV, Weak Simp Capital, eGirl Capital, Almeda Research, Magic Ventures, and Ledger Prime. In addition, the project has strategic partnerships with Protoscale Captial, Spartan, GBV, and Delphi Capital.

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ALCX FAQ

What is ALCX?

Alchemix is an Ethereum-based decentralized finance protocol that gives out self-repaying loans. They do so by giving you their synthetic asset in exchange for your collateral and earning yields off your collateral to pay off your loan. ALCX is the name and ticker symbol of Alchemix's native governance token.

How does ALCX work?

There are two core components in the Alchemix protocol – Vaults and Transmuter. Vaults are smart contracts that offer flexible self-repaying loans in alTokens, Alchemix's synthetic asset. Alchemix Vaults accept DAI as collateral with plans to support a basket of stablecoins. To take out a loan with DAI as collateral, you must deposit DAI into the vault in exchange for alTokens, such as alUSD, valued at up to 50% of your deposited collateral. Your deposited collateral is then sent to yearn.finance's yDAI vault to earn yields to pay off your loan automatically.

Transmuter is the primary pegging mechanism that guarantees a 1:1 redemption of alUSD for DAI, for example. 90% of the yields generated by your collateral in yearn.finance vaults are sent to the Transmuter pool. The yield collected in the pool counts towards the maturation of your loan. As yields accumulate, you can stake your alTokens in the Transmuter to convert your synthetic asset into their base asset.

Where can I buy ALCX?

Easily buy ALCX tokens on the OKX cryptocurrency platform. One available trading pair in the OKX spot trading terminal is ALCX/USDT. You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for ALCX with zero fees and no price slippage by using OKX Convert.

How much is Alchemix worth today?
Currently, one Alchemix is worth $17.6084. For answers and insight into Alchemix's price action, you're in the right place. Explore the latest Alchemix charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Alchemix, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Alchemix have been created as well.

ALCX calculator

USDUSD
ALCXALCX
Our current rate
1 ALCX ≈ $17.6084