alETH lets you borrow against ETH on Alchemix. ETH collateral earns yield, auto-repaying the loan, providing liquidity while maintaining ETH exposure.
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alETH is a synthetic Ethereum asset within the Alchemix system. Users generate it by depositing ETH as collateral and borrowing up to 50% of that collateral's value in alETH. The protocol uses yield earned on the collateral to automatically repay the alETH loan. This offers liquidity to ETH holders while maintaining their ETH exposure.
As of now, Alchemix ETH is trading at 1 944.815346 USD, with a 24-hour trading volume of approximately 0 USD. The ALETH to USD price is updated in real time. Over the past 24 hours, Alchemix ETH has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 ALETH in circulation out of a maximum supply of 8 614 ALETH.
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