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The fresh finance system claims to utilize for the-chain governance and you will progress on the an excellent decentralized independent team (DAO) checked from the area. The newest Alchemix protocol premiered inside March 2021 and simply approved Dai (a good stablecoin to your Ethereum blockchain pegged for the You.S. dollar) while the just equity deposit. Dai can be used to create synthetic Alchemix tokens labeled as alUSD and has the very least equity ratio from 200%. Although not, Alchemix creates high productivity and you can financing options using the decentralized financing (DeFi) method.

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What is Alchemix?

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