ALEX

What Is ALEX?

Short for Automated Liquidity Exchange, ALEX touts itself as the first one-stop DeFi services platform on Bitcoin via Stacks. It is a hybrid of automated market-making and on-chain loanable funds built on the Stacks blockchain network.

The open-source DeFi protocol offers fixed-rate and fixed-term borrowing and lending without risk of liquidation, an advanced decentralized exchange (DEX) for trading tokens, staking, and yield farming. It also has an IDO (Initial Dex Offering) launchpad for new projects who wish to launch their token and create liquidity pools on the platform.

Unlike many DeFi platforms that use single collateral pools, ALEX claims to use diversified pools for its lending product. Those pools, consisting of risky and risk-free assets, are meant to reduce default risk while maintaining potential upside gains. Furthermore, an algorithmic engine dynamically adjusts the split of the high-risk and risk-free assets in the diversified pool based on Black-Scholes model.

Who Are the Founders of ALEX?

The decentralized finance (DeFi) platform was founded by Dr. Chiente Hsu and Rachel Yu. The duo had known each other for over a decade before co-founding the company. Both women capitalized on their prior experience working for companies like Credit Suisse, Goldman Sachs, JP Morgan, and Morgan Stanley to build the Singapore-based DeFi platform.

Chiente Hsu is the current CEO of the company and is a recognized expert in the field of quantitative investing. She was the Global Head of Alpha Strategies at Credit Suisse and Global Head of Quantitative Investment Strategy Research at Morgan Stanley. Rachel Yu was previously from Goldman Sachs and JP Morgan Asia, where she led the China institutional sales team. She obtained her Bachelor of Science degree in Mathematics from Peking University in 2005, proceeding to obtain a Master’s in Economics from the same institution in 2008.

When Was ALEX Launched?

The DeFi protocol made its debut in May 2021.

Where Is ALEX Located?

ALEX is operated by ALEXGOPte. Ltd., a company incorporated in Singapore and located at 3 FraserStreet, #05-25, Duo Tower, Singapore 189352

ALEX Restricted Countries

It appears the platform does not have any restrictions on access to its services.

What Coins Are Supported on ALEX?

ALEX currently allows users to swap just ten coins. However, only three trading pairs are supported on its order book, which is currently in a beta phase — xBTC/xUSD, ALEX/xUSD, and STX /xUSD.

How Much Are ALEX Fees?

The platform charges a flat fee of 0.1% on both maker and taker markets.

Is it Possible To Use Leverage or Margin Trading on ALEX?

As of November 2022, ALEX does not support margin trading.