Alchemix to Host Community Call on June 27th

Alchemix will host a community call on X in collaboration with Velodrome on June 27th at 14:00 UTC. The discussion will revolve around Velo technology, alAssets, LPing, and their OP boost.

Refer to the official tweet by ALCX:

ALCX Info

Alchemix is a DeFi platform that facilitates the generation of synthetic assets, mirroring the anticipated future returns of an initial deposit. This approach effectively offers users self-repaying loans, eliminating the possibility of liquidation often seen in leveraged positions.

The core principle behind Alchemix is to provide instant loans without the typical associated risks. Users deposit assets, which then accrue yield over time. Using the future potential yield of these assets, synthetic tokens are instantly minted and given to the user, essentially representing a loan that is auto-repaid as the yield is realized.

ALCX is Alchemix’s inherent governance and utility token. Its primary functions encompass liquidity mining, where users can stake in pools to earn rewards and a part of transaction fees. Additionally, the token facilitates the minting of synthetic assets by depositing collateral like ETH. Crucially, ALCX also empowers holders with governance rights, enabling them to participate in on-chain decision-making processes.