Alchemix ALCX
$16.901 1.55%
Latest Updates
Updated at 15:59Market cap
$30,936,410.12
Market rank
#502
Volume 24H
$756,552.59 15.79%
Price change 24h
-$0.26275 1.55%
Price change 7d
-$0.21321 1.26%
What about Alchemix?
Alchemix (ALCX) token is an Ethereum-based governance token for the Alchemix protocol, a decentralized, open-source protocol that allows users to borrow and lend crypto assets. ALCX can be used to propose and vote on changes to the protocol. The DeFi-based platform Alchemix (ALCX) enables users to create synthetic assets or tokens backed by collateral to pay off debt. The Alchemix platform claims to provide users with a self-repaying debt mechanism together with the capacity to spend and reserve money at the same time. The protocol's main goal is to give users the option to instantaneously get an advance on the yield.
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