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October 2, 2022
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Two DeFi assets are enjoying great appreciation

One report The Daily Hodl published on March 8 points to the successes of the Alchemix (ALCX) and Inverse Finance (INV).

Alchemix calls itself “The future yield tokenization protocol”. Here’s what the Achemix team says about this protocol in white paper from the project :

Alchemix is ​​a platform for creating yield-backed synthetic tokens that users can purchase at no cost in exchange for a lock guarantee on the Alchemix system. It gives users the ability to get a breakthrough in their future production right away. These Alchemical Synthetic Tokens are a powerful DeFi primitive and a new way of making derivatives based on yield rather than debt.

Since February 27, ALCX, the governance symbol of Alchemix, has gone from $ 310.62 to $ 873.93, that is, a gain of 181.35% x USD.

As for Reverse Finance, here’s what your team it says about this:

Inverse Finance is a protocol that generates income in stablecoins and continuously invests income in a target token, for example, ETH. When depositing a stablecoin, you receive a safe token in a 1: 1 ratio. As long as you keep that token, you will continue to receive ETH. When you withdraw your stablecoin, the token from the vault is burned and you get the deposited stablecoins back.

INV is the governance token for Inverse Finance. Since March 5, the INV has gone from $ 576.55 to $ 1169.97, where it currently stands (as of 20:46 UTC on March 10), which means a gain of 102.75% x USD.

Source: CryptoGlobe

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