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.