Alchemix (ALCX) price, chart, coin profile and news

Find the latest Alchemix (ALCX) price, coin profile, news and history to get you started with Alchemix trading and investing.

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What is Alchemix?

ALCX is the governance and utility token of Alchemix Finance, an Ethereum-based decentralised finance (DeFi) application. Alchemix Finance offers users the opportunity to generate crypto-backed loans. However, unlike other DeFi lending and borrowing protocols, the application offers loans that automatically repay themselves. By automating the loan repayment process Alchemix aims to remove the risk of liquidation and, therefore, encourage the use of the DeFi sector.

According to the project’s website, the application allows for the novel generation of DeFi derivatives with yield rather than debt. Users are required to deposit either the algorithmically-backed stablecoin DAI or ETH into the protocol. DAI is then swapped at a 1:1 ratio for Alchemix’s native alUSD stablecoin and ETH is swapped at a 1:1 ratio for Alchemix’s alETH token. The deposited DAI and ETH are then used to generate yield within yield.finance vaults. All yield generated is used towards repaying any outstanding loans. While yield is generated within yield.finance, users are then free to use the synthetic alUSD or alETH tokens within other DeFi applications - amplifying a user's liquidity.

Alchemix Finance is governed and operated by a decentralised autonomous organisation (DAO). The DAO is composed of ALCX token holders, who have the right to create or vote on proposals that affect the protocol - such as the allocation of treasury funds. The native ALCX token also serves as the platform’s reward token for yield farming and bug bounty programs.

Alchemix (ALCX) is the 499th largest cryptocurrency in the world by market cap, valued at $42,825,676. The current price of Alchemix is $46.3044, which is 0.670% higher than yesterday. Prices have ranged between $46.812 and $45.1482 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 23, 2022 05:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Alchemix (ALCX) price

Use our graph to track the performance of (ALCX) over time.

Alchemix at a glance

Information last updated May 23, 2022 05:05 UTC.
Coin symbol ALCX
Coin Marketcap AUD$42,825,676
Total ALCX supply 1,996,293
Circulating ALCX 1,302,044
Current price AUD$46.3044
All time high AUD$3.9762
All time high date March 20, 2021

Alchemix price performance over time

Historical prices compared with the price of $46.3044.

1 hour 0.66%
24 hours 0.67%
7 days -9.14%
14 days -36.93%
30 days -56.73%
60 days -67.61%
200 days -93.80%
1 year -96.34%

Disclaimer: Cryptocurrencies, including Alchemix, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ALCX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Alchemix or any other cryptocurrency discussed.

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