Alchemix ETH

alETH DeFi

alETH is Alchemix's synthetic ether, minted when a user borrows against ETH-denominated collateral in a self-repaying Alchemix vault. Each alETH is a claim on one ETH of future yield from that collateral, so it targets parity with ETH; in practice it has often traded at a discount when redemption capacity is tight.

Pegged to ethereum
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