DeFi Lender Alchemix Approves ALCX Token Buyback Plan

If all goes to plan, the proposal sees an increase in Alchemixโ€™s CRV and CVX revenue generated by its alAsset trading pools, currently projected around $300,000 a month. This revenue is what will partly fund the new buyback and bribe program. Previously, Alchemix sent half of its โ€œharvestโ€ to its treasury and staked half into Curve and Convex, but now those levels drop to a third.

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