Alchemix Self-Repaying Loans allow you to leverage a range of tokens without risk of liquidation. By borrowing a synthetic version of the asset you deposit you'll avoid the risk of liquidation. Defi innovation on a whole new level, Alchemix is the first same-asset loan product in DeFi.

Discover the wonders of Alchemix (ALCX), the revolutionary DeFi platform that's transforming the financial landscape. With Alchemix, users gain the power to generate synthetic assets and collateral-backed tokens to settle debts, but that's just the tip of the iceberg. 

What truly sets Alchemix apart is its unparalleled ability to let users spend and reserve funds simultaneously, all while deploying a groundbreaking self-repaying mechanism for debts. This ingenious feature grants users instant access to future yield, paving the way for unparalleled financial flexibility and convenience. Get ready to embrace a new era of DeFi possibilities with Alchemix.

Milestones in the past year

  • Alphaday, a new dashboard, has been launched to provide users with enhanced functionality and features.
  • A new LP migration tool has been released, offering users a seamless and efficient solution for transferring their liquidity pool (LP) positions between different protocols or platforms.
  • The financial report for the first quarter of 2023 has been officially released, providing stakeholders with a comprehensive overview of the company's financial performance and key metrics during that period.
  • The addition of frxETH as a collateral option has been implemented, expanding the range of available assets that can be used to secure loans or participate in various decentralized finance (DeFi) activities.
  • The Self-Repaying ENS has been successfully launched, introducing a groundbreaking solution that automates the repayment process for Ethereum Name Service (ENS) domains. 
  • FRAX has been integrated as a new collateral option, expanding the range of assets that can be utilized to secure loans or participate in various decentralized finance (DeFi) activities.
  • We actively engaged in the Binance Learn & Trade program, demonstrating our commitment to continuous learning and expanding our expertise in the cryptocurrency trading realm. 
  • The financial report for the fourth quarter of 2022 has been officially released, providing stakeholders with a comprehensive overview of the company's financial performance and key metrics during that period.
  • The launch of the AlUSD FRAXBP AMO has marked an exciting milestone, bringing forth a new automated market-making opportunity to the DeFi ecosystem.

Unique technology or features introduced

  • One of the unique technologies introduced by Alchemixis the concept of self-repaying, non-liquidatable loans, often referred to as alAssets.
  • Unlike traditional loans, which require borrowers to make regular payments to repay their debt, alAssets utilize smart contract technology to automate the repayment process. These loans are typically built on decentralized finance (DeFi) platforms, where borrowers can collateralize their digital assets to secure a loan without the need for intermediaries like banks.
  • Another significant aspect of alAssets is their non-liquidatable nature. alAssets utilize advanced smart contract logic that aims to prevent lenders from immediately liquidating the collateral in the event of a borrower's default. Instead, the smart contract may initiate alternative mechanisms such as renegotiation of terms, extending the loan duration, or employing dispute resolution processes.
  • The introduction of self-repaying, non-liquidatable loans through alAssets enhances the efficiency and convenience of the lending process by automating repayments and provides greater security for borrowers, as the risk of immediate liquidation of collateral is mitigated.

Future roadmap

  • The ALCX tokenomics will undergo an upgrade in the fourth quarter of 2023 to incorporate a vote-escrow system, gauge voting, and locked liquidity. The primary objective of these enhancements is to foster increased decentralization and enable active participants within the ALCX ecosystem to accrue greater value.
  • The Alchemix protocol will undergo a series of contract upgrades in 2024 to enhance its ability to achieve decentralization, sustainability, and scalability.
  • In the Fourth quarter of 2023, Alchemix  is planning an innovative development in the blockchain space involving the creation of a comprehensive toolkit designed to enable self-repaying functionalities for various tools and services.
  • In the Third quarter of 2023, Alchemix is planning the creation of a user-friendly front-end interface that simplifies the process of creating Alchemix positions and obtaining loans within a single transaction.
  • In the Third quarter of 2023, the Alchemix protocol is embarking on a significant expansion of its deployments on the Arbitrum and Optimism Layer 2 solutions. This expansion aims to scale up the Alchemix ecosystem by implementing higher deposit caps, introducing additional yield strategies, and enhancing the liquidity of alAssets.
  • In 2024, Alchemix will introduce a new feature that will enable users to provide liquidity to Premia options pools using a high Loan-to-Value (LTV) Alchemix loan.
  • In the fourth quarter of 2023, Alchemix is committed to the ongoing development and advancement of its grants program, which has already provided funding for five notable grants, including initiatives such as the Zap into Alchemix project and the self-repaying Ethereum Name Service (ENS) implementation.
  • At present, Alchemix is actively collaborating with partners to further expand the range of yield strategies available across all chain deployments. This collaborative effort focuses particularly on incorporating Liquid Staking Tokens (LSTs) into the Alchemix ecosystem.
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