| General information | |
|---|---|
| Global rank: | 4197 |
| Name: |
Alchemix USD |
| Symbol: | ALUSD |
| Current coin price (PHP): | 59.35 ₱ |
| Last hour: | arrow_downward-0.290 % |
| Last 24 hours: | arrow_downward-0.150 % |
| Last 7 days: | 0.060 %trending_up |
| Capitalisation (PHP): | 0.000000 ₱ |
| Volume 24h (PHP): | 2 735 698.58 ₱ |
| Available supply: | 0.000000 ALUSD |
| Total coin supply: | -1 ALUSD |
| Start date: | 2021-02-20 |
Alchemix USD/Philippine Peso (ALUSD/PHP) price chart
Alchemix USD/Philippine Peso (ALUSD/PHP) capitalisation and volume charts
Alchemix is a platform to create yield-backed synthetic tokens.
The requirements for creating such 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 are targeting stablecoins for our 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 the following components: Vaults, Transmuter, Farming, and Treasury.