ALEX is an open-source DeFi development company built on Stacks Blockchain modelled on the world’s financial markets.
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 Balancer, but 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.