What is Alchemix?

January 31, 2025by tzareg96

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The brand new money platform claims to use on the-strings governance and you will progress to your a good decentralized autonomous team (DAO) checked by the community. The brand new Alchemix protocol debuted in the February 2021 and just approved Dai (a stablecoin for the Ethereum blockchain pegged on the You.S. dollar) while the simply security deposit. Dai can be used to create synthetic Alchemix tokens known as alUSD possesses the absolute minimum guarantee ratio of 200%. Yet not, Alchemix creates higher production and you will loan alternatives using the decentralized financing (DeFi) method.

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What exactly is Alchemix?

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