DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$504.6M+1.6%
in ETH199.5K ETH-3.1%
in BTC12.9K BTC-6.3%
yvDAI Locked470.23M yvDAI+4.6M yvDAI
% Supply Locked< 0.01%
Most Locked$yvDAI
Protocol Token$ALCX

Total Value Locked (USD) in Alchemix

  • TVL (USD)
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Alchemix?

Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The Alchemix platform gives you advances on your yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. Vaults are how users manage their yield advance positions. Users deposit DAI to mint alUSD, a synthetic stablecoin that tokenizes your future yield, up to 50% of the amount of DAI they have deposited (eg. if a user deposits 1000 DAI, they can generate up to 500 alUSD). Behind the scenes, DAI is then deployed by the Alchemix contract to earn yield in the Yearn yvDAI Vault. As yield is harvested from the yvDAI Vault, users will see their alUSD debt decrease, and if they wait long enough, it will be completely paid off by the Alchemix protocol. In other words, the loan pays itself off. Alchemix's Transmuter also allows users to "transmute" alUSD back into DAI 1-to-1 in Alchemix. Alternatively, alUSD can be traded on decentralized markets such as Sushiswap or The governance of Alchemix Finance is managed by a DAO with a liquid governance token, ALCX. The Alchemix DAO will focus on funding developing and maintaining Alchemix protocol as well as func projects that will help the Alchemix ecosystem grow, as well as the greater Ethereum community.

How to use Alchemix?

You can generate alUSD, transmute alUSD to DAI, and earn rewards using Alchemix.

DeFi Saver’s Recipe Creator a DeFi UX Gamechanger

Users from around the world should be able to easily access the benefits of decentralized finance. Yet in DeFi’s early days, you could really only be initiated to these benefits by manually figuring things out on your own through trial and error. This has kept accessibility at bay in kind!  What’s needed, then, is an …

2021-06-07Read more >

Impermax’s Indirect Liquidity Providing Makes DeFi Easier

Previously, providing liquidity to automated market maker (AMM) projects in DeFi has been a manual and somewhat tedious process. You source the required amount of tokens for your desired pair, approve token contracts, pay gas fees to deposit, and then if you’re looking to farm further yields you might go and stake your new liquidity …

2021-05-26Read more >

AMA with Impermax Founder Simone Rigolon

This AMA session with Impermax Founder Simone Rigolon occurred on May 14th, 2021. The following is a transcription of the live from DeFi Pulse’s AMA Discord channel. To participate in future AMAs, please join our Discord and follow us on Twitter. Chaz Schmidt: Hello and welcome @everyone ! Thank you for joining us today for …

2021-05-19Read more >

Founder Fireside Chat with Robert Lauko of Liquity

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. Welcome! We’re glad to have you back for another Founder Fireside Chat. This week, we sat down with Robert Lauko, Founder and …

2021-05-14Read more >