Alchemix (ALCX) is a fascinating cryptocurrency that's part of a decentralized finance (DeFi) platform. It's an Ethereum token that governs Alchemix Finance, allowing users to open collateral-backed loans that are paid off automatically using yield generated by the collateral ¹ ².$ALCX

*Key Features:*

- _Self-Repaying Loans_: Alchemix operates on a unique model where users can obtain advances on their future yield through these loans ².

- _Governance_: ALCX holders can propose and vote on changes to the protocol, giving them a say in its future direction and development ¹ ².

- _Decentralized Finance_: Alchemix is part of the DeFi space, aiming to provide a solution to traditional financial systems' limitations ².

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