Disclaimer: ALEX is a third-party DeFi protocol not operated by Leather, and users should do their own research before interacting with it through the Leather wallet.
ALEX is a Bitcoin-secured DeFi platform built on Stacks that delivers a full suite of financial tools for trading, lending, staking, and launching tokens. It combines on-chain smart contracts, low-fee swaps, and cross-chain liquidity to offer users a secure and accessible entry into decentralized finance.
What users can do on ALEX
Swap tokens: Use the ALEX AMM to swap SIP-10 assets like STX, ALEX, USDA, and others.
Provide liquidity: Join pools and earn trading fees and rewards.
Liquid stake: Stake ALEX tokens or other supported assets and receive liquid staking derivatives.
Launch or buy tokens: Access IDOs through the multichain launchpad or list new assets with self-service tools.
Bridge assets: Use the ALEX bridge, powered by Brotocol, to move tokens between Stacks, Ethereum, and Bitcoin-compatible networks.
ALEX and Leather
Through Leather, users can directly:
Trade supported tokens
View DeFi yields and staking options
Interact with ALEX’s smart contracts
Track liquidity positions
ALEX is governed by the ALEX Lab Foundation and is supported by major Bitcoin ecosystem investors. With nearly $2.7B in total value bridged and over 70,000 unique wallets, ALEX is a key pillar of Bitcoin DeFi. Its infrastructure is anchored in Bitcoin finality, making it a powerful platform for builders and users alike.
