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Easily convert ALCX to XAUT 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.
Tether Gold (XAUt) is a digital asset that represents a claim on physical gold, making it a stable and reliable option for investors looking to hedge against market volatility. Each XAUt token is backed by one troy ounce of gold, stored in a secure vault, allowing users to trade gold on blockchain without the complexities of traditional gold ownership.