Alchemix ALCX Logo | The Giving Block
What is Alchemix (MIST)?
Discover the key facts about Alchemix (MIST).

About Alchemix

Alchemix is a DeFi application built on the Ethereum network that provides instant loans that can repay themselves over time. Using decentralizing smart contracts, Alchemix allows users to deposit DAI in order to mint a synthetic stablecoin called alUSD, which is then entered into a smart contract and used to earn yield over time. Alchemix offers a number of high yield strategies for the user to choose from. alUSD can be traded 1:1 for DAI or bought and sold on exchanges. Network participants that provide liquidity are rewarded with ALCX , Alchemix’s native governance token.

Learn more about Alchemix

RESOURCES-What is Blockchain–why should you care | The Giving Block What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
How You Can Give Zakat in Crypto | The Giving Block How You Can Give Zakat in Cryptocurrency To give Zakat using cryptocurrency, The Giving Block is your one-stop destination to find and support charitable organizations. Read more
Learn Crypto | The Giving Block Learn About Cryptocurrency New to cryptocurrency? Get immersed in all things crypto and crypto philanthropy. Learn about accepting crypto donations and crypto taxes. Read more