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About ALEX

What is ALEX?

ALEX stands for Automated Liquidity Exchange, which claims to be the first one-stop DeFi platform to serve on Bitcoin via Stacks. ALEX stands for Automated Liquidity Exchange, which bills itself as the first one-stop DeFi platform served on Bitcoin through Stacks. Built on the Stacks blockchain network, the platform is a hybrid of automated market making and on-chain lendable funds. Its open source DeFi protocol provides fixed-rate and fixed-term lending services without liquidity risk. As such, it is a state-of-the-art decentralized exchange (DEX) for trading tokens, pledging and liquidity mining. In addition, it provides a launch pad for Initial DEX Offering, the first decentralized exchange, for new projects looking to launch tokens on the platform and create a liquidity pool. Unlike many DeFi platforms that use a single pool of collateral, ALEX claims to use a diversified pool of funds for its lending products. These pools consist of risky and risk-free assets designed to reduce default risk while maintaining potential upside returns. In addition, an algorithmic engine exists that dynamically adjusts the allocation ratio of risky to risk-free assets in the diversified pools based on the Black-Sholes model.

Who are the founders of ALEX?

The decentralized finance (DeFi) platform was founded by Dr. Chiente Hsu and Rachel Yu. The two met more than a decade before they started the company. Both women drew on their extensive experience from their previous work at Credit Suisse, Goldman Sachs, JP Morgan and Morgan Stanley to create the Singapore-based DeFi platform. Chiente Hsu is the firm's current CEO and a recognized expert in quantitative investing. She was previously Global Head of Alpha Strategies at Credit Suisse and Global Head of Quantitative Investment Strategies Research Team at Morgan Stanley. Rachel Yu previously worked at Goldman Sachs and JP Morgan Asia, where she led the sales operations team for Chinese institutions. She received her bachelor's degree in mathematics from Peking University in 2005 and her master's degree in economics from Peking University in 2008.

When did ALEX launch?

The DeFi protocol launches in May 2021.

Where is ALEX located?

ALEX is operated by ALEXGOOPte. Ltd. which is based in Singapore at 3 FraserStreet, #05-25, Duo Tower, Singapore 189352

Countries that restrict access to ALEX

The platform does not have any restrictions on access to its services.

What currencies does ALEX support?

ALEX currently offers only 10 tokens for exchange. However, the platform is still in Beta and its order book only supports 3 pairs: xBTC/xUSD, ALEX/xUSD, and STX/xUSD.

What are the fees for AXX?

The platform charges a flat rate of 0.1% for both pending orders and order-taking users.

Can I trade with leverage or margin on ALEX?

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