ALETH-Alchemix ETHDetailed Description

ALETH-Alchemix ETH Detailed Description

Alchemix Finance is a synthetic asset platform and community DAO based on future earnings. The platform provides users with upfront payments for yield farming through synthetic tokens that represent fungible claims on any underlying collateral in the Alchemix protocol. Alchemix users can borrow alETH, Alchemix’s token is soft-pegged to ETH, using ETH as collateral.