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
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 postIn 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.