ALCX

Alchemix price

ALCX
|
3.7/5
CyberScope
3.7
05/23/2024
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USD
USD
$25.3962
-2.28%
1h
24h
1W
1M
1Y
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Alchemix price live data

The current price of Alchemix is $25.3962. Since 00:00 UTC, Alchemix has decreased by -2.27%. It currently has a circulating supply of 2,234,283 ALCX and a maximum supply of 2,912,896 ALCX, giving it a fully diluted market cap of $56.75M. At present, Alchemix holds the 193 position in market cap rankings. The Alchemix/USD price is updated in real-time.

Alchemix price performance in USD

Time periodChange amount%Chg
Today-$0.58991 -2.28%
7 days$0.93619 +3.82%
30 days-$1.5438 -5.74%
3 months-$4.1038 -13.92%

Alchemix market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$24.6563
Last price $25.3962
24h high$34.2249
Heat index ranking
123
Market cap ranking
193
Market cap
$56.75M
Favorited rate
Percentage of users who favorited this asset to all users
0.35%
All-time high
$525.00
-95.17% (-$499.60)
Nov 30, 2021 (3 years ago)
All-time low
$10.2200
+148.49% ($15.1762)
Aug 29, 2023 (9 months ago)
ICO date
02/27/2021
ICO price
The price at which this crypto was first traded
$0
Circulating supply
The amount of this crypto that is publicly available in the market
2,234,283 ALCX
Market cap at circulating supply
Market cap = Circulating supply × Last price
$73.99M
Audits
The audit data comes from partners that we have integrated with via API. Our partners conduct security assessments on the provided source code.
CertiK
Last audit: 05/19/2021

About Alchemix (ALCX)

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.

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 TR cryptocurrency platform. One available trading pair in the OKX TR 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 TR Convert.

ALCX calculator
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1 ALCX ≈ $25.3962 USD
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