Alchemix Logo

Alchemix ALCX

Alchemix header image

1. Summary

Ranks

Liquidity
91
Developer
-
Social
87
Momentum (beta)
50
Stack Rankā„¢
-
Price
52W High price $40.75
52W High date 14th Mar 2024 (4 months ago)
All Time High (ATH) Date 20th Mar 2021 (3 years ago)
ATH Price $2,066.20
% From ATH -98.86%
All Time Low (ATL) Date 11th Sep 2023 (10 months ago)
ATL Price $10.29
% From ATL 129.34%
Supply & Trading Volume
Trading Volume (24h) $1.67M
Total Supply 2.91M
Max Supply 2.91M
Circulating Supply 2.25M
Description

Governance and Management

Governance and Management

Alchemix is governed by its decentralized autonomous organization (DAO), which is responsible for overseeing the protocol. The DAO holds the liquid governance token, ALCX, and is currently operated through a developer multisig that holds certain administrative powers. Governance actions begin by collecting sentiment through discussions with the community, followed by formal proposals on the Alchemix forum and then voting on the Alchemixed Opinions Snapshot platform. For a proposal to be successful, it must receive more than 50% of non-abstain votes and a quorum of 5,000 ALCX tokens voting.

Token Overview

Alchemix token (ALCX) is the native governance token for the Alchemix protocol. It is an ERC-20 token released in 2021 and has a total supply cap of approximately 2.39 million tokens after three years. ALCX holders possess governance rights, enabling them to participate in voting on proposals affecting the protocol. Users can stake ALCX in the Alchemix DAO to earn additional tokens and accumulate voting points used for governance decisions.

Project History and Development

Alchemix was created by a group of pseudonymous developers, including Scoopy Trooples, Dr. Derivative, Nomad, Snape, technocratic, Gorby, and Nano. The project began in 2020, and since then, it has grown to encompass a diverse team of core developers, part-time staff members, and community supporters. Alchemix received $4.9 million in funding from reputable investors, including eGirl Capital, DCV, Alameda Research, and Immutable Capital.

Key Features

Alchemix is distinguished by its innovative self-repaying loan mechanism. Users can deposit collateral into a DeFi smart contract vault to mint synthetic assets, such as alUSD and alETH, against which loans can be taken. The vaults employ various yield strategies, including on Yearn, to generate yield. This yield is then used to automatically repay the borrower's loan balance over time, effectively self-repaying the debt.

Alchemix Vaults

Alchemix vaults are the core DeFi smart contracts that manage the lending and borrowing processes. Users deposit collateral into these vaults, such as DAI and ETH, to mint synthetic assets that can be borrowed against. The vaults deploy these assets into yield-bearing strategies to generate income, which offsets the borrowed amount.

Alchemix V2 and Future Developments

The Alchemix team is actively working on the release of Alchemix v2, which is expected to bring new yield strategies, collateral types, and features like payment streaming. The roadmap includes expanding the platform to other EVM-compatible chains and further decentralization through the implementation of the AlchemixDAO. The Alchemix community is encouraged to engage in governance and participate in the development of the protocol.

Community and Support

Alchemix fosters a supportive community where members are actively involved in governance and suggestions for improvement. The community is encouraged to propose changes and participate in the governance process through the Alchemix forum and Snapshot voting. The project has garnered significant support from strategic partners and investors, including leading names in the DeFi ecosystem.

2. Price

ALCX

2.1. Market Performance

How does Alchemix's (ALCX) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-1.7%

ALCX

4.0%

Similar Market Cap

60 Day Return

-34.8%

ALCX

-11.4%

Similar Market Cap

1 Year Return

53.2%

ALCX

48.8%

Similar Market Cap

3. Developer Activity

We're monitoring 11 Alchemix GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Alchemix Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 119

Most Active Repos

Past week 6
Past 12 weeks 7
Past year 22
Past week 3
Past 12 weeks 3
Past year 3
Past week 2
Past 12 weeks 2
Past year 2
Past week 1
Past 12 weeks 1
Past year 1
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 29 developers have contributed to Alchemix over the past year. Who are the most active Alchemix developers, by commits, over the past year?

Related Projects

Developers working on Alchemix also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers 0
Active Reddit Users (past 24h) 0
Discord users
Active Discord Users
Telegram Users
Twitter followers 72,931
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://alchemix.fi/
Explorer https://etherscan.io/token/0xdbdb4d16eda451d0503b8...
Twitter @alchemixfi
Whitepaper https://alchemix.fi/c76d1d663f6c8247b86a8fca83d5bd1b.pdf

What is the correct contract address for Alchemix?

Ethereum 0xdbdb4d16eda451d0503b854cf79d55697f90c8df
Near-protocol dbdb4d16eda451d0503b854cf79d55697f90c8df.factory.bridge.near

Has Alchemix been audited for security?

No security audits found for this project.

Are you the owner of Alchemix? Edit it here

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