EP 51: Understanding $ALCX (Alchemix) | A Unique Stable Coin with Limitations?
Alchemix $ALCX is a no-loss, yield-generating stable coin protocol with unique mechanisms that include real inflation in the ecosystem. In this episode, we speak to the co-founder of Alchemix, take a deep dive into how Alchemix functions, and the financial incentives of being part of the Alchemix system. We then discuss how it differs from other stable coins and what limitations ALCX could have. Timestamps: 0:00 – Introduction 1:10 – Background of Alchemix 3:04 – What is Alchemix? 4:56 – Stablecoin creation 8:26 – How is stability maintained 18:45 – Incentives and uses of ALCX Token 22:34 – Differences compared to other protocols 26:42 – Opinions and Limitations 31:45 – Ending Follow us on Twitter and join our Discord to chat with us and the ED community.