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Easily convert ALCX to STEEM 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.
Steem (STEEM) is a blockchain-based cryptocurrency designed to reward users for creating and curating content on social media platforms. It operates on the Steem blockchain, which allows for fast transaction times and a unique mechanism to incentivize user engagement and contribution.