Alchemix USDPrice(ALUSD)
Details Alchemix USD (ALUSD) Price information (USD)
The current real-time price of ALUSD is $0.9946. In the past 24 hours, ALUSD has traded between $0.9940 and $0.9954, showing strong market activity. The all-time high of ALUSD is $2.19, and the all-time low is $0.0602.
From a short-term perspective, the price change of ALUSD over the past 1 hour is
Alchemix USD (ALUSD) Market Information
Alchemix USD (ALUSD) Today's Price
The live price of ALUSD today is $0.9946, with a current market cap of $13.680M. The 24-hour trading volume is 51K. The price of ALUSD to USD is updated in real time.
Alchemix USD (ALUSD) Price History (USD)
What is ALCHEMIX USD (ALUSD)?
When is the right time to buy ALUSD? Should I buy or sell ALUSD now?
Before deciding whether to buy or sell ALUSD, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s ALUSD technical analysis can provide you with trading references.
Future price trend of ALUSD
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for ALUSD.
How much will ALUSD be worth tomorrow, next week, or next month in ? What about your ALUSD assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! ALUSD Price Prediction
How to buy ALCHEMIX USD (ALUSD)
Convert ALUSD to local currency
ALUSD Resources
To learn more about ALUSD, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x1825...18bebf  | 6.179M | 39.37% |
ethereum | 0x0637...2d3495 | 2.737M | 17.44% |
ethereum | 0xf498...1a6f01 | 1.920M | 12.23% |
ethereum | 0xb30d...1330a5 | 981.399K | 6.25% |
optimistic-ethereum | 0x124d...91164e | 937.192K | 5.97% |
Other | 2.940M | 18.73% |
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ALCHEMIX USD (ALUSD) FAQ
What is Alchemix USD (alUSD)?
Alchemix USD (alUSD) is a synthetic stablecoin developed by the Alchemix Finance team. Operating on the Ethereum, Fantom, and Optimism networks, it aims to maintain a 1:1 peg to the US dollar. alUSD is a core component within the Alchemix decentralized finance (DeFi) credit platform, primarily facilitating its unique self-repaying loan mechanism.
How do Alchemix's self-repaying loans work with alUSD?
Users deposit cryptocurrency assets, such as DAI, as collateral into Alchemix vaults. This collateral is then deployed into yield-generating strategies, often through integrations with other DeFi protocols, to earn yield. Users can borrow alUSD against their deposited collateral, typically up to 50% of its value. The yield generated from the collateral automatically repays the alUSD loan over time, effectively eliminating the need for manual repayments or the typical liquidation risks found in other lending protocols.
What can I do with alUSD once I borrow it?
Once minted, alUSD functions like any other stablecoin. Users can exchange it for other assets on decentralized exchanges, contribute to liquidity pools to earn trading fees, engage in yield farming opportunities across various DeFi platforms to maximize returns, or diversify their portfolios without needing to sell their original collateral assets.
How is alUSD's peg to the US dollar maintained?
Alchemix utilizes a mechanism known as the "Transmuter" to help sustain alUSD's 1:1 peg with its underlying collateral, such as DAI. The Transmuter ensures stability by allowing users to redeem alUSD for the collateral at a 1:1 ratio over time. It also actively manages liquidity and provides incentives for actions that assist in restoring the peg should alUSD deviate from its target.
Are there risks associated with alUSD?
While Alchemix's design aims to minimize liquidation risks, potential considerations and risks exist. These include smart contract vulnerabilities, as with any DeFi protocol. alUSD has also experienced peg volatility, occasionally deviating from its $1 target, which can lead to unforeseen issues. Yield fluctuations mean repayment timelines can vary, as loan repayment depends on dynamic DeFi yields. Additionally, there was a past incident where collateral was withdrawn from an ETH vault without loan repayment, resulting in protocol losses.
How does Alchemix prevent liquidation?
Alchemix's design inherently aims to eliminate liquidation risks by structuring debt in the same asset as the collateral (e.g., alUSD for DAI collateral). The unique self-repaying mechanism automatically uses the yield generated from the deposited collateral to pay down the loan. This means that even if the value of the collateral fluctuates, the loan-to-value ratio is managed by the ongoing repayment, significantly reducing the risk of forced liquidations common in traditional lending models.
