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Easily convert ALCX to POL 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.
POL, previously known as MATIC, is the native cryptocurrency of the Polygon network, a layer 2 scaling solution for Ethereum. It aims to enhance transaction speeds and reduce costs, making decentralized applications (dApps) more accessible and efficient.