SpookySwap Welcomes the AlchemixCommunity to Partnered Staking! xBOO holders, today we are happy to be able to offer you the next partnered staking pool in collaboration with Alchemix!
The xBOO Pool: Stake xBOO tokens to earn gALCX tokens!
The Farm: In addition to the gALCX xBOO Pool, we would provide a gALCX-FTM farm that will have 1.2x BOO rewards.
What is Alchemix? Alchemix Finance is a platform built on Ethereum to give users an advance on their future yield. Users deposit collateral into the platform in order to take out a loan, in the form of synthetic tokens, that is automatically repaid over time using the yield generated from the deposited collateral. This allows users to instantly receive an advance on the yield of their deposited collateral. Because the tokens minted by the Alchemix platform are synthetic versions of the deposited collateral, users are not exposed to liquidation risk
gALCX is the wrapped version of ALCX designed for crosschain and layer 2. When you wrap ALCX for gALCX they stake and autocompound your ALCX. This saves you claiming rewards and restaking manually.
To learn more about Alchemix, Grim advises you to visit their official communication channels:
How do you stake xBOO to earn gALCX rewards? If you own BOO tokens, congratulations! You’re one step away from staking xBOO. It’s easy to learn how to stake xBOO for Partnered Staking.
gALCX Address
Beware scam tokens! The correct gALCX address is: 0x70F9fd19f857411b089977E7916c05A0fc477Ac9