What is ALEX?
ALEX is a Bitcoin DeFi platform that utilizes smart contracts on the Stacks L2 to give users a smooth experience with Bitcoin-backed tokens. Since securing a $5.8 million seed round in 2021, ALEX has expanded its offerings to bring a complete DeFi experience to Bitcoin users. ALEX users can engage with the app’s liquidity pools, trading platform, orderbooks, and more to keep up with the latest developments in Bitcoin-backed assets.
What Can I Do in ALEX with Leather?
ALEX offers users a comprehensive Bitcoin DeFi experience. Leather users can connect to ALEX to:
Buy and sell tokens STX and Bitcoin-backed tokens, including SIP10 tokens
Deploy, mint, and transfer BRC-20 tokens
Transfer tokens between Bitcoin and Stacks, or EVM and Stacks
Provide liquidity to ALEX’s own AMM pools
Launch their own project using the lottery-based ALEX Launchpad