Alchemix ETH (Optimism)

alETH

alETH is a synthetic asset overcollateralized with ETH. It represents a debt position on the Alchemix protocol.

Risk Rating

Average

$3,426.12

2.15%

What is Alchemix ETH (Optimism)?

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Information

Blockchain

Optimism

Info

Twitter
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Website
Community
Source Code
Asset Type: ERC-20

Key Metrics

Fully Diluted Valluation: $156.3M
Total Supply: 45,607
Volume (24H): $435.8K
ATH: $4,022.79 (12/16/2024)
ATL: $1,070.00 (11/22/2022)

Risk Assessment

Average

Asset Strength

alETH is a low-cap undercollateralized asset. This asset is exposed to the underlying risks of Alchemix, a protocol rated as Average.

Dependencies

Alchemix

Asset Tokenomics

alETH does not have a supply schedule. The Alchemix Elixir is inspired by FRAX's AMO design by supplying liquidity to its primary Curve pools for alUSD and alETH. The Elixir is continuously funded by debt repayments which will further deepen liquidity and help maintain the peg.

Things to know about alETH