ALCX COIN

Hello! ALCX (Alchemix) is a DeFi (Decentralized Finance) protocol with a unique concept known as "self-repaying loans." Let's understand it in simple terms:

What is ALCX? ALCX is the governance token of the Alchemix protocol. This means that those who hold ALCX tokens can vote on changes and decisions within the protocol.

How does Alchemix work? Alchemix is a system where you deposit your cryptocurrency (like DAI or ETH) as collateral and take out a loan in return. But the special thing is that you don't have to repay this loan yourself. The collateral you deposited earns yield (interest/return) by being invested in other DeFi protocols (like Yearn Finance). This yield automatically pays off your loan over time.

$ALCX