What is alUSD (Alchemix)?

The synthetic protocol token alUSD is used on the Alchemix decentralized finance (DeFi) lending platform. Alchemix users can deposit DAI in order to mint alUSD — a stablecoin that tokenizes a user's future yield in Yearn.Finance vaults. In doing so, alUSD is the mechanism by which Alchemix offers automatically repaying stablecoin-backed loans.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.

⁝⁝⁝ crypto & bitcoin news

view all

Gate.io Launches $50M Fund to Boost the Meme Ecosystem

Gate.io has announced the establishment of the MEME Gateway Grant, a $50M initiative in collaboration with major blockchain networks and their ecosystem funds..

Haven1 Secures $4.6m in Private Round, Backed by Industry Giants

Haven1, the first EVM multi-app blockchain, has successfully secured $4.6 million in a private funding round with investments from Animoca Brands, KuCoin Ventures, Taisu Ventures, Kronos..

GT Breaks 13.329 USDT, Hits Historic High! Exclusive Airdrops and Staking Benefits Await Holders

Recently, the cryptocurrency market has been experiencing continued bullish momentum, significantly contributing to the rise in overall market capitalization. Among the standout performers..

Global Debut of MemeBox: Gate.io Shapes a New Ecosystem for MEME Culture and Finance in the Web3 Era

Gate.io, a global leader in cryptocurrency trading, has officially launched its groundbreaking ecosystem brand, MemeBox. This innovative platform is designed to be a key gateway for users..

⁝⁝⁝

Trending news

⁝⁝⁝ Test your knowledge

CHANNEL CHAT

Legal Notice: CryptoFingers.com is an online newspaper that covers the cryptocurrency market. We are a purely informative website. Nothing published on CryptoFingers.com consists of an investment recommendation. Digital currencies are speculative assets that carry a high level of risk. You must study how this market works and take the risk of all possible losses yourself. 🔞