Alchemix

About Alchemix

Alchemix (ALCX) is a decentralized finance protocol built on Ethereum that allows users to take self-repaying loans against their crypto collateral. What makes it unique is that deposited assets are put to work in yield-generating strategies, and the earned yield automatically pays down the loan over time, eliminating the risk of liquidation. ALCX serves as the governance token for the protocol, giving holders a say in key decisions. Alchemix sits within the broader DeFi ecosystem and appeals to users seeking flexible, non-liquidatable borrowing without sacrificing long-term yield exposure.