ALUSD vaults
About Alchemix USD
Alchemix USD (alUSD) is a synthetic stablecoin issued by the Alchemix protocol on Ethereum. It is backed by yield-bearing assets and allows users to take self-repaying loans against their deposits. The protocol automatically repays debt using the yield generated from deposited collateral.
Stablecoin price 1 ALUSD = $0.95
alUSD is a synthetic stablecoin created by depositing yield-bearing assets (such as yvDAI or aDAI) into Alchemix. The protocol issues alUSD at up to 50% of the deposited collateral value, and the loan is repaid over time using the yield generated by the collateral — meaning users never need to actively repay their debt.
Mechanism
- Fully backed by yield-bearing collateral (DAI-based vaults, USDC, USDT)
- Self-repaying loans: yield from collateral gradually reduces debt to zero
- alUSD is soft-pegged to $1 and can always be redeemed from the transmuter
- No liquidations as long as collateral value exceeds debt
Sources
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vaults TVL $0 Avg. return --- Stablecoin-only Updated
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