Yesterday, I chatted with my friends about the recent wealth code, and found that it is a bit awesome, especially ac’s new project alcx has made a group of old leeks who specialize in defi make money again.
Don't say it, this page is very fomo, it feels a little bit like that.
This project is a new product, or a newly issued token, a few months after ac "disappeared". As always, it is still in the style of ac. Paying the bill, this is the most outrageous thing.
Let's look at the currency price first.
It reached about 0.1eth=150u when it was visible on the k-line, and it has increased by about 7 times in 3 days, and the current quotation is 1090u, and according to the gossip, someone around me invested in alcx and the income is close to 200x, and it was completed by accident set a small goal.
I have to say that the last coin issued by ac, kp3r, has the same effect. However, it seems that kp3r has not made anything until now, and the best token related to ac is sushi. Recently, sushi’s The price trend is also very good-looking, showing a look of disapproval.
Let's learn about Alchemix. After all, there are many things that need to be known not only for what they are, but also for why they are. After all, the more you know, the faster you will lose money. Sorry, you can make a lot of money.
First of all, alcx is a mining coin, which is produced by mining, and mining people have been mining bsc and heco recently. This ore is on sushiswap, so don’t go for small funds, and don’t earn enough fees;
According to the project white paper, there are currently four ways to get rewards.The first is to pledge the alUSD USD stablecoin through the alUSD pool (explained in detail later), and obtain the ALCX rewarded by the system. The principle of staking is very similar to staking SNX to produce sUSD, both of which are over-staking. This is a project that encourages users to mint alUSD, allowing users to earn ALCX token rewards with a very low threshold;The second way is to put the alUSD in your hand into the alUSD-3CRV pool on Curve to earn ALCX tokens rewarded by the system. The purpose of this is to allow the stablecoin alUSD generated by the Alchemix protocol to circulate to the broader DEFI ecosystem through Curve's currency exchange pool to enhance its use value.The third way is to add ALCX/ETH on Sushiswap to earn rewards. The approach of this move is to promote liquidity to ALCX.The fourth is to get rewards for staking ALCX, allowing token holders to get more rewards by simply holding tokens.According to the project white paper, as more al-token series come online, the corresponding liquidity reward pool will also be added to the yield farming system. The mining of these tokens is similar to the alUSD token mining model.
From the upper right corner, you can see that there are three sections. In fact, there are four, but I can't find them. Let's take a look first.Vault (vault): It is the place where users mortgage tokens. Mortgaging dai can get alusd, which is the stable currency on alcx, but only 50% of dai can be converted into alusd. This is something that needs attention. This piece is actually done It’s so complicated, the excess dai will enter the system to make money, and then your dai will increase, and you can mint more alusd;Transmute (alchemy): This thing is more confusing, and I can’t understand or understand it at all. Simply put, it is to change alusd into dai, but it is said that there is an opportunity for arbitrage. I don’t know how to make it out, but the overall pattern Still rely on yearn to operate;Looking at other information, the process of arbitrage is that yearn transfers part of its original income to the transmute instead of the vault, and then leads to more dai when you exchange alusd back to dai. Isn't this tmd getting back your own money? How is it called "arbitrage", I can't understand this;Farm (farming): In the previous part of the article, I have written four kinds of mining that provide liquidity, and this is the column.In terms of token distribution, according to the white paper, 60% of the ALCX tokens will be distributed to the community, 20% of the tokens will be distributed to the DAO controlled by the community, 5% of which will be used for bug discovery bounties, and 20% of the tokens will be distributed to developers The team is kept in an exclusive pool;The token distribution process is divided into two stages: 22,344 ALCX tokens will be distributed in the first week when mining starts, and 130 ALCX token rewards will be reduced every week thereafter.Three years later, the distribution of tokens has shifted to a smooth release, that is, 2,200 tokens are issued every week to support the sustainable incentive needs of the ecology.Total amount of tokens: So far, it may be modified while making;Where are the pain points solved by alcx:This is currently unknown, but it is currently the only stable currency asset among all projects under ac, and at present, ac interacts frequently, so it is not known what role it plays in the entire system of yearn.So it is not known whether it will be the same as other AC projects, and the peak will be when it goes online. Anyway, although the whole project took 6 months to go online, there is an inexplicable feeling that you don’t even know what it is. What are you doing, or why.It may be due to lack of knowledge, but it proved the strength of AC once again, and he is still the man who can increase the price of currency by a hundred times with just one mouth.But the tvl of yearn is getting lower and lower, and the competitiveness is getting worse and worse, which is a bit of a headache.In terms of market conditions:The market is very subtle. It was said the day before yesterday when it rebounded. A rebound is a rebound, not a reversal. But yesterday’s graphics and lines are indeed beautiful. However, it is only 15min, 1h and 4h. If you stretch the time axis, you will find The trend is still on the empty side, so for most people, it is not a big problem to go up and lighten up their positions.Zhihu: Professor Suo's Super EvolutionAll articles of Professor Suo cannot be used as investment advice and recommendations. Investment is risky, and the risk in the currency circle is even worse. It is recommended to evaluate personal risk tolerance and prepare psychologically before entering the market.
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