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Derivatives Ethereum Lending

What is the ALCX token used for?

How Alchemix uses the ALCX token. Alchemix is a DeFi platform for self-repaying loans on future yield.

ALCX token is


ALCX is the governance token of Alchemix.

ALCX token is used for


  • Governance (off-chain currently)
  • Yield Farming

How could value accrue to the token?


Fees

  • 10% of yield profit is sent to the DAO

What is Alchemix?


Alchemix is a DeFi platform for self-repaying loans on future yield.

How Alchemix works


Alchemix allows a user to deposit DAI to a smart contract and borrow up to 50% in alUSD.
The debt is paid down with the yield that the locked DAI generates (using the yearn DAI vault).

Transmuter

A user can convert alUSD to DAI via the transmuter. Depending on how much free float yield DAI is in the system. The process is subject to a queue and determined through governance.

Governance

Governance is currently a developer multisig and snapshot signalling. On-chain governance will be rolled out over time.

Read more here.

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Token Isssuance


Total supply: 2,393,060 Tokens

Token issuance

  • 15% – DAO
  • 5% – DAO
  • 16% Team pool emissions
  • 64% LP emissions

Docs


ALCX token price


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