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Bitcoin DeFi Platform ALEX Launches Mainnet On Stacks
Summary: ALEX, the first platform to offer a full range of DeFi services on the Bitcoin blockchain, has announced that it will deploy its mainnet on Stacks, aiming to enable previously inaccessible DeFi activities by offering lending services to Bitcoin holders. The platform says its services will help activate the more than $1 trillion in Bitcoin ...
ALEX, the first platform to offer a full range of DeFi services on the Bitcoin blockchain, has announced that it will deploy its mainnet on Stacks, aiming to enable previously inaccessible DeFi activities by offering lending services to Bitcoin holders. The platform says its services will help activate the more than $1 trillion in Bitcoin sitting idle in wallets.
Starting January 17th, users will be able to use the ALEX platform to lend a variety of crypto tokens, borrow at fixed rates, with no liquidation risk, deposit tokens to earn interest, and engage in yield farming. ALEX also features a launchpad, where emerging projects can launch their own tokens, and community members will vote on a list of potential tokens in the Stacks ecosystem.
ALEX recently raised $5.8 million in new funding led by White Star Capital with participation from Cultur3, GBIC, OK Blockchain Capital and others.
By Mary Liu
Tags: ALEX,Bitcoin,DeFi,Stacks
Link: Bitcoin DeFi Platform ALEX Launches Mainnet On Stacks [Copy]
