What is ALEX?

ALEX is an open-source DeFi protocol built on the Stacks Blockchain, modelled on yet extending the world’s existing financial markets.

Upon launch, at ALEX you can:
    Lend your BTC and earn fixed or variable interest
    Borrow BTC without risk of liquidation
    Mitigate risk with BTC short positions
    Maximize upside with BTC leveraged long positions
Our initial focus (v1) is to:
    Build DeFi primitives targeting developers looking to build ecosystem on Stacks, and
    Simplify the user experience going from(to) CeFi to(from) DeFi to attract non-developers, broadening the Stacks user base.
Alex-v1 implements novel Clarity smart contracts on the core concept of Yield Tokens ("ayTokens"). Yield Tokens allow term lending with fixed APYs.
Last modified 1mo ago
Copy link