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alETH Price
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alETH is an Ethereum-backed synthetic asset in the Alchemix ecosystem.
alETH is an Ethereum-backed synthetic asset in the Alchemix ecosystem. It is created by depositing ETH as collateral in the Alchemix protocol, which then allows users to borrow up to 50% of their collateral value in alETH. This process is self-repaying, as the collateral deposited earns yield over time, gradually repaying the borrowed alETH. alETH provides users with liquidity while still maintaining exposure to their ETH investment.
Alchemix ETH's current price is $ 3,404, it has dropped -1.08% over the past 24 hours.
Alchemix ETH's All Time High (ATH) of $ 3,681 was reached on 14 Mar 2024, and is currently -7.51% down.
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