Alchemix is a future-yield synthetic protocl on Optimism, Ethereum, and Arbitrum. Users can deposit ETH/stables to mint like-kind synthetic debt that can be sold to fund on-chain and real world activities. In the meantime, yield earned from their deposit will repay their loan over time, thus enabling non-liquidating self-repaying loans.
Category:
DeFi
Foundation Grant
250,000 OP
Unsure if this is part of retro funding or not.
Token House Mission
0 OP
Unsure of what type of grant this is as charmverse website doesn't appear to have any labeling. Alchemix did not receive any OP, technically Sherlock received the actual grant.
Revenue
3m-5m USD
Primarily earned thru use of ALCX emissions and farming of treasury assets. A majority of revenue is denominated in protocol governance tokens with various levels of locked positions (not hard assets like USDC/ETH), therefore actual realized revenue is smaller.
There is no contract address for this project.
