What is Alchemix ETH (ALETH)?
Alchemix Finance is a future-yield-backed synthetic asset platform and community DAO. The platform gives you advances on your yield farming via a synthetic token that represents a fungible claim on any underlying collateral in the Alchemix protocol. alETH is the synthetic token that is issued against ETH collateral, designed to closely track the price of ETH.
Where can you buy Alchemix ETH?
Alchemix ETH (ALETH) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for ALETH sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for ALETH. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.