Alchemix
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Alchemix in numbers
Alchemix (ALCX) ranks #1176 by market capitalization, at $6.63M. It belongs to the DeFi sector (Decentralized Lending). It has traded since Feb 27, 2021, across 56 markets on 7 exchanges, with $200.48K of volume in the last 24 hours. Its all-time high of $2,149.76 was reached on Apr 13, 2021; the current price is 99.9% below that peak. Its cycle low of $1.87 came on Jul 9, 2026.
2.53M ALCX are in circulation. 14 investors are recorded as backers, including Spartan Group, Alameda Research, CMS Holdings. Development data lists 4 core developers and 2,874 code commits. On Ethereum, 16,420 addresses hold ALCX. It is available on 2 networks.
About Alchemix
Alchemix is a financial platform that offers self-repaying loans, allowing users to leverage various tokens without the risk of liquidation. It is the first same-asset loan product in DeFi, providing innovative solutions for collateralized borrowing. Alchemix allows users to earn yield on their collateral, automatically paying off their loans. The platform offers a wide range of tokens for leverage and provides benefits such as no liquidations and complete flexibility for users.
Background
Alchemix, founded by pseudonymous developers led by Scoopy Trooples, went live in February 2021. The only collateral accepted at launch was Dai, which could be used to mint synthetic alUSD tokens and had a collateralization ratio minimum of 200%. The team has since created a new vault to allow users to deposit ETH and mint alETH tokens with a collateralization ratio minimum of 400%.
There was an incident involving the ETH vault shortly after launch in which users were able to withdraw collateral without repaying their loans, resulting in a loss of 2,200+ ETH. The Alchemix team organized a campaign encouraging users to return the lost ETH in exchange for an exclusive NFT and ALCX rewards, eventually recovering more than half of the funds.
Alchemix is commited to decentralization, with plans to utilize fully on-chain governance and convert into a DAO that is controlled solely by the community. In the future, a portion of the overall yield within the protocol will be diverted to the DAO treasury to pay developers and a permanent staff to grow and maintain the protocol.