What is ALEX?

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

To start, 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

Think of us as Compound / AAVE with underlying technology like Uniswap / Balancer, and the user experience of Robinhood.

Our initial focus (v1) is

• 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 a number of Clarity smart contracts on the core concept of Yield Tokens ("ayTokens"). Yield Tokens allow term lending with fixed APY.