Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. It enables users to retrieve near-instant tokenized value against temporary deposits of stablecoins.
Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform gives users advances on user yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. The DAO will focus on funding projects that will help the Alchemix ecosystem grow, as well as the greater Ethereum community.
ALUSD is a native tradeable token used on Alchemix protocol.