Alchemix USD (ALUSD) is the 1308th largest cryptocurrency in the world by market cap, valued at $177,321,567. The current price of Alchemix USD is $1.0326166056999, which is 1.665% higher than yesterday. Prices have ranged between $0.998233 and $0.983757 over the past 24 hours. All prices are listed in US dollars and accurate as of April 01, 2023 03:04 UTC.
Alchemix Usd price chart
Price over the past month
What is Alchemix Usd?
alUSD is an innovative stablecoin powered by Alchemix Finance, a decentralized finance (DeFi) lending protocol built on the Ethereum blockchain. Alchemix Finance offers users the opportunity to generate crypto-backed loans.
However, unlike other DeFi lending and borrowing protocols, the application offers access to loans that automatically repay themselves. For depositing the stablecoin, DAI, into the Alchemix Finance application, the native stablecoin, alUSD, is received in return.
According to the project’s website, alUSD is a synthetic asset that is generated when a user deposits the stablecoin DAI into the Alchemix Finance application. This is completed at a ratio of 1:1. The value of alUSD is, therefore, backed by DAI collateral. The Alchemix Finance application then deposits a user’s original DAI into yearn.finance vaults to generate yield, which is used to automatically repay the alUSD loan. While yield is being generated from DAI and paying off the alUSD loan, the alUSD stablecoin can be utilised within other DeFi applications - amplifying a user’s liquidity.
How we keep this Alchemix USD guide up-to-date
- ALUSD price data is regularly updated through data feeds so you always have the latest information.
- Alchemix USD performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
Alchemix Usd at a glance
Basic stats for Alchemix Usd
#1308
$177 M
172 M
172 M
Alchemix Usd performance over time
Alchemix Usd fundamental and technical analysis
Time frame
Movement
1 day
1.66%
1 week
0.30%
1 month
0.08%
2 months
0.39%
200 days
1.74%
1 year
0.20%
Social activity for Alchemix Usd
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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