Alchemix Finance is a synthetic asset lending platform supported by future returns that helps users advance their future deposit returns by creating synthetic asset tokens.

Alchemix is a lending platform supported by future returns that allow debt to repay itself without liquidation risk. The primary purpose of this agreement is to enhance returns and add leverage to the investor's position.

Alchemix has rediscovered DeFi's potential by offering highly flexible, immediate loans that repay themselves without liquidation risk.

On Alchemix users manage their earning positions through the use of a vault, where users deposit assets such as Dai into a vault, Alchemix then deploys them to Leisurely to begin generating earnings. Depositing assets as collateral, users can now mint synthetic tokens, in this case alUSD, which is backed by future returns deposited into Dai. For Dai in particular, users can foundry alUSD up to 50% of the value of Dai stored. Each time the proceeds from the initial Dai deposit are received, the alUSD loan is repaid and the full balance of the loan is eventually paid off.

Alchemix Finance is a synthetic asset lending platform supported by future returns that enables self-repayment of debt without risk of liquidation. The principle is that users deposit assets into income aggregation agreement cultivation, and in the form of synthetic asset alToken tokenization of future income, the agreement will automatically deduct the debt generated by users when the return of income; The asset alToken borrowed by users is 1:1 anchored with the collateral, which will largely reduce the impact of market price fluctuations and eliminate the potential liquidation risk of collateral.

1.ALCX is Alchemix's native governance token that gives holders the opportunity to influence agreement decisions such as fund management, liquidity mining allocation, and product rollout. 2.ALCX may pledge within the agreement to earn additional ALCX tokens.

1.Alchemix Finance is a synthetic asset lending platform supported by future returns that enables self-repayment of debt and no liquidation risk. 2. On this dating date that Alchemix is primarily used for, from the perspective of product business logic, revenue enhancement. The second is to accelerate the proceeds of funds in the pool through the Transmuter redemption mechanism. 3. The members of the Alchemix team are anonymous. Judging from the resumes of the founders and initial financial backers, they are all experienced in the DeFi circle and familiar with DeFi, which is a good human resource for the development of the protocol. 4.Alchemix is currently combining various ecosystems to enhance the competitiveness of the protocol.

On this chemix token called ALCX for short, there is no hard cap on the total amount of ALCX. For the purpose of allocation of tokens, the team has proposed a schedule for the release of tokens, which is estimated to be 2,393,060 ALCX: 1 over three years. 15% of the total token amount (358,959 ALCX) is allocated to THE DAO Treasury, whose use is determined by the community; 2.5% (119,653 ALCX) for the bug bounty program, this part of the token will also be assigned to the Treasury address, but will be used for the bug bounty; 3. The remaining 80% of tokens will be distributed through contracts in Staking pools.

Realizable debt is self-paying and free from liquidation risk.

ALCX may pledge within the agreement to earn additional ALCX tokens as part of the Alchemix token offering program. Upon the release of Alchemix V2, it is expected that pledgers will begin to receive a portion of the proceeds generated by the agreement.

Mainstream lending agreements usually require repayment of the loan + interest when the borrower draws the collateral, which is calculated automatically by the interest rate model; Alchemix primarily uses deposit earnings as a form of debt service. The logic of this operation is that when the user deposits the collateral, the part of the collateral will be ploughed into the income collection agreement, so as to obtain a more substantial income and use this part of the income to cover the debt. When the debt is paid off, the principal can be taken out. Of course, the user can also choose to repay the loan directly, which means that the loan is effectively interest-free.

The purpose of borrowing is to obtain leverage, and Alchemix also offers leverage to its users. In terms of business logic, Alchemix offers interest-free and liquid-free lending that focuses on a more specialized yield enhancement service than the broader range of loans under the mainstream protocols, and the effect of yield enhancement is closely related to the application of alToken. Currently, Alchemix is based on the revenue collection protocol forever. Finance for the purpose of revenue optimization, and is on the top of the revenue aggregation protocol, and can attract users from aggregation agreements, loan agreements, or other projects with a low risk-to-return ratio.

DeFi does not require licenses, and attacks on smart contracts occur from time to time. Therefore, users need to be vigilant when using protocols. Moreover, Alchemix is currently working with a number of DeFi protocols to enhance its competitiveness. However, on this dating protocol, Alchemix is bound to face some loss, so the potential risks that Alchemix faces are also considerable.

ALCX currently has a small market circulation, most of the tokens are concentrated in the hands of old users, and there are few retail investors. The circulation of tokens in the market is mainly released through liquidity mining, which is increasingly diversified, providing ALCX with richer application scenarios and more diversified revenue strategy choices for users.