Alchemix: Personal payment platform under the second edition of the agreement

Alchemix is ​​one of the most widely distributed loan companies of the year. Unlike other lending platforms, Alchemix loans do not require users to repay, and the platform directly uses loan token proceeds to pay bills.

By assigning DAI and ETH as responsibility to Alchemix, the platform issues 50% of the token of the contract value to users of alUSD (stable currency of the platform) and alETH (ETH platform) .

Alchemix will bring token contracts for the year to customers to generate revenue. 90% of the proceeds are used to reimburse the user for alUSD transactions, and 10% is kept in the bank.

At the same time, the user can repay the loan on his own.

Alchemix's target consumers are those who need income but want farm income, and those who are skilled but need voting rights in the Alchemix DAO.

The contract is important

Alchemix meets the income needs of users by allowing them to secure 50% of their assets.

Alchemix eliminates forced liquidations and, on the one hand, reduces occupational health concerns and, on the other hand, reduces the risk of spiral separation, in most marketing cases.

Alchemix fixes the issue that users cannot get their assets back earlier when they earn annual income.

Alchemix improved the performance of its fund at Defi, freeing up 50% of its original capacity.

main characteristics

1. qev

2. Income

More specifically, Alchemix has the following key characteristics:

Token promise and alUSD delivery

Users of key deposits like DAI in Alchemix Vault can convert 50% of their loan amount to alUSD to pay back the loan to the user.

Alchemix allows users to engage DAI and other perks in Yearn Finance for additional income.

Alchemix generates revenue from Yearn Vault, with 90% of that revenue being used to pay off loan users. The remaining 10% remains in the Bank.

Pledges automatically pay off the user's debt, increasing the user's ability to borrow.

If the user does not cancel the loan, only deposit DAI, and provide alUSD, the contract will generate your DAI's annual income and increase your loan principal.

Now the platform has been changed to support ETH according to the exchange agreement for alETH, the exchange rate is the same as DAI, and 50% of ETH can be borrowed from alETH.

DAI to AWM Converters

A stable 1: 1 anchor is available between the alUSD tokens provided by Alchemix and DAI, and Transmuter must be maintained to maintain a consistent ratio.

When the Alchemix protocol earns money from the yDAI vault, Transmuter collects a portion of the income. When a user deposits alUSD funds into the Transmuter to cancel the DAI, the DAI is always ready.

Removing DAI can lead to inequalities and inconsistencies. Each time the DAI is withdrawn, the same amount of alUSD is consumed by the device. The supply of alUSD is elastic, which means that it is compact and increases with demand, maintaining a stable price for the DAI.

Always availablealUSD trading on the curve

If users want to convert alUSD to other approved tokens, they can access the curve and trade alUSD for other fixed currencies like DAI, USDT, and USDC.

Staking alUSD pour ALCX (Platform Governance Token)

ALCX is the management symbol of the financial ecosystem of Alchemix. ALCX executives can participate in the vote and help Alchemix DAO decide on the contract. In addition, ALCX has no other features.

The Alchemix platform includes contract building, where users can earn ALCX from alUSD contract to get more voting rights.

Symbolic economy

Token name:

ALCX

Provide all:

not limited

siv:

Alchemix DAO drilling regulation authority, Liquidity Mining.

Deployment mode:

It will gradually reduce its turnover over 3 years (reduction of 130 units per share), and after 3 years it will maintain a stable volume (2,200 units per share), with an annual increase of 4.5%.

The special classifications are:

Within 3 years, Alchemix DAO will receive 15% of the pre-mined product. The use of tokens and their benefits is entirely at the discretion of the community.

The Alchemix DAO will also limit the addition of 5% cockroaches, which is required for three years.

The remaining 80% of the tokens can be received by special stake tokens and liquidity pool tokens in the contract.

Alchemix founders, embedded developers and community developers will have access to a unique pool of participations, which will receive 20% of the ALCX block reward equal to 16% of total emissions.

Contract workers and suppliers are entitled to 80% of the ALCX blockchain, which equates to 64% of total emissions.

Free wallet address:

Free wallet positions have been increasing since February, and new wallet positions increased from October to November, but more slowly than this month.

ALCX price:

The ALCX peaked at $ 1950 from April to July, but has since fallen overall and recently traded at $ 239.

ALCX supplies:

As the product line and demand for ALCX has narrowed since February, it can be seen that ALCX, which has been launched, is just starting to hit the market. However, ALCX's announcement has nothing to do with its own performance, which in turn explains the decline in the exchange rate.

AlUSD sales and leverage:

The casting of alUSD is directly related to the borrowing price, and it can be seen from the first and second charts that the properties of alUSD are equal. There has been an increase since August, indicating that the platform has recently suffered more than loans.

Fournitures ALETH :

alETH saw explosive growth in October, as the platform supports 50% of alETH loans with ETH as commercial products.

concludes

Alchemix has improved the use of Defi Cash, fixes the issue that users cannot earn income long before, and eliminates the process to be completed.

Due to recent performance Alchemix is ​​now relatively stable and tokens are still at low levels. With the addition of support for other tokens, Alchemix shows promise.

Call Dune directly from the analytics platform and no other location except the design of the official website is a bit shaky compared to other platforms. In general, Alchemix is ​​an innovative and valid protocol.