ALCX

Alchemix is a DeFi protocol that allows the creation of synthetic tokens that represent future returns on deposits. The platform offers flexible instant loans that repay themselves over time. It addresses the risk of leveraged positions being liquidated.

ALCX is the project's native utility and governance token. Current use cases for ALCX include:
Liquidity mining: Users can contribute liquidity to the staking pool on Alchemix to earn a share of liquidity rewards and transaction fees.
Minting Synthetic Tokens: Users can deposit assets (e.g. ETH) as collateral to mint 1:1 synthetic tokens (e.g. alETH) on Alchemix.
Governance ALCX token holders can participate in voting through on-chain governance.