About this explorer

Alchemix lends a synthetic token against a vault share. A borrower deposits a MYT, a share in a Morpho vault that lends the asset out and earns on it (mixUSDC holds USDC, mixWETH holds WETH), and mints the matching synthetic against it: alUSD against USDC, alETH against WETH, up to 90% of the collateral's value, the same limit each position states as a minimum collateralisation of 111.1% (1 ÷ 1.111 ≈ 90%). The loan charges no interest. It is repaid over time by the line's Transmuter, where holders of the synthetic stake it to turn it back into vault shares; as their stakes mature, the Alchemist sets debt aside across every open position and clears it when they claim. That clearing is a redemption.

A synthetic and its collateral make a line, with its own Alchemist and its own Transmuter. This explorer covers the alUSDb line. Lines states, for each, how many redemptions it has had and how the explorer gets its figures: replayed from each position's events on a line with none, read from the contract at a block from the first one on.

The listing has a tab for each kind of position.

• Alchemist positions: one row per loan. A position is an NFT, so the wallet holding it may not be the one that opened it. Each row shows the debt and collateral the Alchemist states for it at a block. Opening one shows its whole history, including every redemption that moved it.
• Transmuter positions: one row per stake of the synthetic in a Transmuter, with the amount staked, the block it matures at and what its claim paid out. A stake converts a little every block until it matures; a claim before then converts the matured part and hands the rest back.

The listing searches by address or position id.