kylefang/xlink-docs
1
0
Fork 0
mirror of https://github.com/Brotocol-xyz/xlink-docs.git synced 2026-05-04 08:51:48 +08:00
Code Issues Packages Projects Releases Wiki Activity

GitBook: [main] one page modified

Browse Source
This commit is contained in:
Rolf Hoefer
2021-09-13 07:26:32 +00:00
committed by gitbook-bot
parent 7a5ca07218
commit 021263ff77
1 changed files with 4 additions and 4 deletions
Download Patch File Download Diff File Expand all files Collapse all files

8
README.md
View File

@@ -1,18 +1,18 @@
# What is ALEX?
## ALEX is an open-source DeFi protocol built on [Stacks Blockchain](https://www.stacks.co) and modelled on the world’s financial markets.
## ALEX is an open-source DeFi protocol built on the [Stacks Blockchain](https://www.stacks.co), modelled on yet extending the world’s existing financial markets.
To start, at ALEX you can
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
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 a number of Clarity smart contracts on the core concept of Yield Tokens \("ayTokens"\). Yield Tokens allow term lending with fixed APY.
Alex-v1 implements novel Clarity smart contracts on the core concept of Yield Tokens \("ayTokens"\). Yield Tokens allow term lending with fixed APYs.