Alchemix is a synthetic asset protocol that lets users mint tokens against future yield, effectively advancing their returns instantly. Duet Protocol creates synthetic assets that mirror real-world assets, aiming to bring traditional finance onto the blockchain. Alchemix suits users seeking upfront liquidity from their DeFi yields, while Duet appeals to those wanting exposure to off-chain assets in a synthetic form.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $32.8MDefiLlama | $32.0KDefiLlama |
| MCap Rank | #1528 | — |
| Total Raised | $8.0M | $5.0M |
| Founded | 2020 | 2021 |
| Stage | — | — |
| X / Twitter | 71K | 100K |
| GitHub Stars | 189 | 2 |
| Chains | arbitrumethereumnear | arbitrumbnb-chain |
| Tags | Lending, DeFi, Decentralized Finance (DeFi) | DeFi, Synthetic Assets, Derivatives |
Alchemix is a DeFi protocol that lets users create synthetic tokens representing the future yield of their deposits, providing near-instant tokenized value against stablecoin deposits. It serves as a governance token for the Alchemix ecosystem, enabling hands-off yield and cross-chain asset management.
Duet Protocol is a synthetic assets minter built on a yield aggregator that automates yield farming, maximizes returns, and releases additional liquidity. It aims to become a reserve capital system supplying liquidity to DeFi protocols while generating fully backed synthetic assets.