DeFi Lender Alchemix Approves ALCX Token Buyback Plan

by Jeremy

If all goes to plan, the proposal sees a rise in Alchemix’s CRV and CVX income generated by its alAsset buying and selling swimming pools, at the moment projected round $300,000 a month. This income is what is going to partly fund the brand new buyback and bribe program. Beforehand, Alchemix despatched half of its “harvest” to its treasury and staked half into Curve and Convex, however now these ranges drop to a 3rd.

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