Alchemix USD token
Overview
Alchemix USD (alUSD) is a synthetic stablecoin designed to maintain a one-to-one value with the US dollar, generated by the Alchemix protocol. Its backing comes from collateral deposited by users; the protocol then applies the yield produced by that collateral to gradually settle users' liabilities. The token functions as a debt instrument for loans that repay themselves and as a vehicle to obtain future yield without requiring ongoing oversight.
Within The Counterparty graph, Alchemix USD connects to 4 tracked entities, most strongly to Ethereum, Arbitrum, Fantom.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Fantom | 95% |
deployed_on | OP Mainnet | 95% |
Frequently asked questions
What is Alchemix USD?
Alchemix USD is a stablecoin tracked in The Counterparty knowledge graph. It is connected to 4 other tracked entities, most strongly to Ethereum, Arbitrum, Fantom.
What type of entity is Alchemix USD?
Alchemix USD is classified as a stablecoin (token) in The Counterparty knowledge graph.
What is Alchemix USD connected to?
In The Counterparty knowledge graph, Alchemix USD is linked to 4 other tracked entities, most strongly to Ethereum, Arbitrum, Fantom.