DescriptionalUSD is a yield-backed synthetic stablecoin powered by the Alchemix protocol.
Category:algorithmic
Minting and RedemptionalUSD is minted by depositing an accepted collateral asset into an Alchemix Vault. The collateral is used to generate yield that pays down the alUSD debt. Any alUSD used to repay the loan to retrieve the collateral is burned.
Alchemix USD (ALUSD)