Alchemix is listed on WazirX and you can buy, sell, trade ALCX in the USDT market.
ALCX/USDT trading is live on WazirX! Share this
What about ALCX Deposits & Withdrawals?
Alchemix is a part of our Rapid Listing Initiative. Hence, we will start ALCX trading by enabling its deposits on WazirX via Binance.
What does it mean for you?
Deposits — You can deposit ALCX from Binance wallet to WazirX.Trading — You can buy, sell, trade ALCX in our USDT market. When you buy ALCX, it will appear in your “Funds”.Withdrawals — You will be able to withdraw ALCX in a few days after the listing.
Alchemix is a new DeFi lending protocol. Its special sauce: loans that repay themselves automatically. Alchemix presents a new way of paying back debt. It uses the yield earned from the deposit to amortize the users’ debt. The longer you leave your deposit, the more yield you can earn and consequently have more of your loan paid back. With Alchemix, you make a deposit to the protocol, and that deposit becomes collateral for a loan you can take out: up to $1 for every $2 that you deposit. Alchemix takes your deposits and puts them in Yearn’s vaults to earn yield. Over time, that yield — about 12% APY at the time of writing — automatically (or “automagically,” to use the Alchemix community term) pays off your debt.
Trading price (at the time of writing): $76.84 USDGlobal Market Cap (at the time of writing): $95,973,099 USDGlobal Trading Volume (at the time of writing): $9,149,918 USDCirculating Supply: 1,248,674.61 ALCXTotal Supply: 1,480,526 ALCX
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Risk Warning: Crypto trading is subject to high market risk. Please ensure that you undertake sufficient risk assessment when trading newly listed tokens as they are often subject to high price volatility. WazirX will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.