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What exactly is Alchemix?

By 31 January 2025No Comments

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The newest finance platform asserts to utilize to the-chain governance and you can develop for the a decentralized independent organization (DAO) checked because of the people. The fresh Alchemix protocol premiered inside March 2021 and only acknowledged Dai (a good stablecoin to your Ethereum blockchain pegged to the You.S. dollar) as the merely collateral put. Dai is used to create man-made Alchemix tokens known as alUSD and has the very least equity ratio away from 2 hundred%. Although not, Alchemix generates high output and you may financing alternatives using the decentralized financing (DeFi) process.

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What exactly is Alchemix?

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