What exactly is Alchemix?

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The newest finance program asserts to use to your-chain governance and you will progress to the a decentralized independent team (DAO) checked from the people. The new Alchemix protocol premiered inside March 2021 and only acknowledged Dai (a stablecoin on the Ethereum blockchain labelled to the U.S. dollar) since the just equity deposit. Dai is utilized to create man-made Alchemix tokens labeled as alUSD and has the absolute minimum security proportion out of 200%. But not, Alchemix generates highest production and you may mortgage choices with the decentralized finance (DeFi) process.

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What’s Alchemix?

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