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Easily convert ALCX to EIGEN with ConvertOnline's efficient tool.
Alchemix (ALCX) is a decentralized finance (DeFi) protocol that allows users to create self-repaying loans using their crypto assets as collateral. By leveraging future yield from deposited assets, Alchemix enables users to access liquidity without the need for traditional repayment methods.
EigenLayer (EIGEN) is a decentralized protocol built on Ethereum that allows users to leverage their staked assets to secure additional services and applications. By utilizing a novel mechanism called 're-staking,' EigenLayer enables Ethereum validators to extend their security to various layers and projects, enhancing the overall ecosystem's efficiency and reducing the need for redundant capital.