Alchemix
Self-repaying loans protocol where yield from deposited collateral repays debt
- No KYC or registration
- Non-custodial — your keys, your crypto
- 1000+ supported exchange pairs
- Best available exchange rate
Alchemix Price Chart
About Alchemix
Alchemix (ALCX) enables self-repaying loans — the most innovative DeFi loan mechanism. Users deposit DAI or ETH, and Alchemix mints a synthetic token (alUSD or alETH) representing up to 50% of the deposit's value. The deposited collateral is deployed into yield strategies (Yearn, Aave) where it earns yield. That yield automatically repays the debt over time — no interest payments, no liquidation risk. Eventually the yield fully repays the loan, and the original collateral is returned. ALCX is the governance token, and stakers earn a portion of protocol fees.
History
How to Swap ALCX
To swap Alchemix (ALCX) on SyntheticSwap, no account creation or KYC is required. ALCX runs on the Ethereum blockchain as an ERC-20 token, compatible with MetaMask, Ledger, Rainbow, and any Web3 wallet. Navigate to SyntheticSwap, choose ALCX as either source or target, enter your wallet address for the destination asset, and send ALCX from your personal wallet to the deposit address shown. Swaps typically settle within a few Ethereum block confirmations, and your destination asset lands directly in your specified wallet.
How to Store ALCX
ALCX (ERC-20) is stored in MetaMask, Ledger, or any Ethereum wallet. ALCX staking for governance and fee rewards is done through Alchemix's portal.
