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Alchemix USD (ALUSD) price
Alchemix USD (ALUSD) live price in US dollar (USD). View value statistics, market cap and supply.
ALUSD price chart
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Price to USD
| 24h change |
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$
0
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+0.00%
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ALUSD value statistics
An overview showing the statistics of Alchemix USD, such as the base and quote currency, the rank, and trading volume.
 | Price to USD | $ 0 | |
|---|---|---|---|
 | Price to BTC | 0 BTC | |
 | Rank | 1,560 | |
 | 24h volume | $ 0 | Low volume |
 | Market cap | $ 0 | |
| Fully diluted market cap | $ 0 |
Supply information
View the total and circulating supply of Alchemix USD, including details on how the supplies are calculated.
| Circulating supply | 243.42 million ALUSD |
|---|---|
| Total supply | 243.42 million ALUSD |
| Smart contract address | 0xBC6DA0FE9aD5f3b0d58160288917AA56653660E9 |
| Issuance blockchain | Ethereum |
What is Alchemix USD
According to them, Alchemix is a platform to create yield-backed synthetic tokens. The requirement for creating a synthetic token is that any existing token, such as stablecoins or ERC20s, must already have a yield generating mechanism on-chain. This could be lending markets, such as Compound or AAVE, or vault-like products, such as the yvDAI Vault, or aLINK Vault. The Alchemix team is targeting stablecoins for their first synthetic token, which will be called alUSD (the al denoting the Alchemix platform). The plan is for alUSD to be mintable from several stablecoins, but the protocol will initially only support DAI. The examples in the following sections for alUSD will apply to other al-Tokens in a near-identical way. The dApp contains Vaults, Transmuter, Farming, and Treasury.
Edit information
Edit or add information about Alchemix USD (ALUSD).