Changelly announces the addition of the ALCX token to the family of over 200 cryptocurrencies available on the platform. From now on, users will be able to effortlessly exchange ALCX tokens for other digital assets at floating rates.
ALCX is the governance token of the Alchemix protocol. Alchemix is a platform to create yield-backed synthetic tokens. The requirement for creating such a synthetic token is that any existing token, such as stablecoins or ERC-20s, must already have a yield-generating mechanism on-chain. This could be lending markets, such as Compound or AAVE, or vault-like products, such as the yvDAI Vault. Alchemix is reimagining the potential of DeFi by providing highly flexible instant loans that repay themselves over time. The dApp contains the following components: vaults, transmuter, farming, and treasury.
About Alchemix Finance
Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform gives users advances on their yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. The DAO will focus on funding projects that will help the Alchemix ecosystem and the Ethereum community grow.
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.
Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly exchanged within 10 minutes on desktop and on the go via Changelly mobile app.
In 2020, Changelly branched out to accommodate the needs of traders. PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling digital tokens and coins. Piggybacking on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution, and 24/7 live support.
Learn more about Changelly:
Changelly website: changelly.com
Changelly PRO website: pro.changelly.com