Alchemix USD token
Overview
Alchemix USD (alUSD) is a synthetic stablecoin pegged to the US dollar, issued by the Alchemix protocol. It is backed by users' deposited collateral, with the protocol automatically using the yield from that collateral to repay users' debts over time. alUSD serves as both a debt token for self-repaying loans and a means of accessing future yield without active management.
Within the DeFi Intel graph, Alchemix USD connects to 4 tracked entities, most strongly to Ethereum, Arbitrum, Fantom.
Relations
Top connections in the DeFi Intel 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 (alUSD) is a synthetic stablecoin pegged to the US dollar, issued by the Alchemix protocol. It is backed by users' deposited collateral, with the protocol automatically using yield to repay debts over time.
What chains is Alchemix USD deployed on?
Alchemix USD is deployed on Ethereum, OP Mainnet, Arbitrum, and Fantom.
What is the purpose of alUSD?
alUSD serves as both a debt token for self-repaying loans and a means of accessing future yield without active management.