Alchemix 

ALCX Price

What is Alchemix (Lending Platform)?

Alchemix operates as a DeFi lending protocol that issues self-repaying loans. Users deposit collateral such as ETH or USDC and receive a synthetic version of the same asset, while the protocol puts the collateral to work generating yield that automatically pays down the debt. The system eliminates liquidation risk because the loan repays itself over time.

How does the self-repaying loan mechanism function?

The protocol deposits user collateral into yield-generating strategies and directs the resulting earnings toward the outstanding synthetic debt. As yield accrues, the loan balance shrinks without any manual repayment from the borrower. This design allows users to access future yield today while retaining exposure to the original asset.

Which blockchains host the ALCX token?

ALCX exists on Ethereum under the contract address 0xdbdb4d16eda451d0503b854cf79d55697f90c8df and on Near as dbdb4d16eda451d0503b854cf79d55697f90c8df.factory.bridge.near. Both representations are verifiable on their respective explorers, Etherscan and NearBlocks.

When did the token generation event occur?

The TGE took place on 27 February 2021. At that moment the initial mint of 394,995 tokens entered circulation, representing 15.49 percent of the total allocation.

How is the ALCX supply structured?

The token employs an elastic supply with no fixed maximum. Emissions follow a schedule that includes a three-year inflation phase of 1,588,650 tokens and ongoing tail emissions of 566,355 tokens. The live circulating count changes continuously and should be checked on the data page for the current figure.

What funding rounds has the project completed?

Two early-stage rounds were recorded. A Private Round on 14 March 2021 raised 4.9 million USD at a 700 USD per-token price, and a Strategic Round on 17 March 2021 raised 3.1 million USD at roughly 225 USD per token. Both rounds used simple lock-up or cliff-and-vesting structures.

Which investors participated in the private round?

The Private Round included CMS Holdings and Alameda Research as lead investors, alongside LedgerPrime, The Spartan Group, GBV Capital, Maven 11, Nascent, Orthogonal Trading, Immutable, eGirl Capital, YZi Labs, and Delphi Digital.

Where can ALCX be traded?

Spot markets exist on Coinbase (ALCX/USD), Kraken (ALCX/USD and ALCX/EUR), Gate (ALCX/USDT), HitBTC (ALCX/USDT), and Balancer V2 (ALCX/WETH). Decentralized liquidity is available on Sushiswap and Uniswap V2, both offering ALCX/WETH pools.

What was the initial token distribution?

At genesis the initial mint accounted for 15.49 percent of the allocation. The three-year inflation bucket received 62.3 percent, tail emissions 22.21 percent, the Strategic Round 0.88 percent, and the Private Round 0.45 percent. These percentages reflect the original design before any subsequent emissions.

How are tokens allocated across different categories?

Five allocation buckets were defined: the largest share went to the three-year inflation program, followed by tail emissions, the initial mint, and the two investor rounds. The unlock schedule contains 466 individual events, with weekly releases from the inflation bucket beginning immediately after the TGE.