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ALEX

DeFi on Bitcoin

  • Singapore, Singapore
  • November 2021
  • Current
  • Seed

The Investment

Defi represents a $100bn+ market but has seen a majority of its volume come from Ethereum.

ALEX is the first open-source DeFi protocol built on the Stacks blockchain. Building on top of Stacks allows ALEX to access the liquidity, power, and safety of Bitcoin. Stacks makes Bitcoin a programmable base layer, enabling decentralized apps and smart contracts that inherit bitcoin’s strengths.

Through ALEX, users can launch their tokens, trade tokens, lend BTC, USDC, and any Stacks or ALEX native tokens to earn fixed or variable interest, borrow without risk of liquidation, and earn yield via yield farming.

Why We Invested

Announcing our latest investment – DeFi on Bitcoin with ALEX

Sep AlaviNeil HarounianThomas Klocanas

ALEX is the first open-source DeFi protocol built on the Stacks blockchain. Through ALEX, users can launch their tokens, trade tokens, lend BTC, USDC, and any Stacks or ALEX native tokens to earn fixed or variable interest, borrow without risk of liquidation, and earn yield via yield farming.

Read the post

In the News

Alex Raises $5.8m to bring DeFi to Bitcoin

Alex aims to be a one-stop DeFi platform that allows for fixed-rate and fixed-term bitcoin lending and borrowing. The protocol also supports token launches and decentralized exchanges, both automated market makers (AMMs) and off-chain order books.

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