ALEX Newsletter
Nakamoto Eve: LISA Live, Runes coming to ALEX, $10M Funding Round, $200M TVL, $1.5B TTV, ALEX on Uniswap, IDOs and more!
Dear Alexians,
We’re witnessing crypto history being written as the 4th Bitcoin halving has arrived and we’re just days away from the Nakamoto release. With LISA Launched, ALEX’s $10M Funding Round, $200M TVL, $1.5B TTV, 3 IDOs, Runes on way, new partnerships and more, it may seem like an end of year wrap up, but it’s just our latest newsletter!
All roads lead to Bitcoin and all roads on Bitcoin lead to L2s. ALEX is firing on all cylinders, anticipating the spike in Bitcoin fees with the launch of Runes will bring a wave of new users to L2s for speed and scalability. DeFi infrastructure we’ve been building for months, from the XLink bridge to the Bitcoin Oracle, is ready as Stacks moves towards ~5 seconds transaction times. The future is here and we’re ready. Let’s discuss:
LISA Mainnet Live!
On April 10th, we launched the highly anticipated LISA mainnet and liquid stacking will never be same! Spearheaded by the top teams in Stacks — ALEX, Ryder, FastPool and Xverse — LISA brings the best design to enhance your $STX stacking.
LiSTX is the first rebase token on Stacks, a unique variety of cryptocurrency with a dynamic changing supply. That means the balance of LiSTX in your wallet will grow while the exchange rate will remain fixed: 1 LiSTX = 1 STX. LiSTX can also be wrapped into vLiSTX, which like atALEX, has an increasing intrinsic value in STX terms.
With LISA you can:
- Mint LiSTX to passively earn stacking yield with zero fees, without sacrificing token liquidity
- Provide Liquidity on ALEX
- Earn yield farming rewards for the STX / LiSTX pool
- Swap LiSTX on the ALEX AMM with minimal slippage
- Earn LISA rewards points
- Coming soon: Borrow/Lend through collaboration with a major partner on Stacks
The LISA app is live, we have a guide to the LISA rewards matrix and don’t miss the Nakamoto Stackfest promotion for 2x point boost!
Nakamoto Stackfest: Pre-Stack for 2x Boost!
ALEX Secures $10 Million in Latest Funding Round Led by Spartan Capital
ALEX, a leader in Bitcoin DeFi, is proud to announce the achievement of securing $10 million in funding with Spartan Capital leading the round. This investment, supported by a wide array of investors including CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital, EVG and others, reflects a broad base of confidence and support in ALEX’s mission to innovate within the Bitcoin economy.
ALEX Secures $10 Million in Latest Funding Round Led by Spartan Capital
Bitcoin Frontier Fund, ALEX and Bitcoin Labs Launch First Bitcoin Launchpad Advisory
The Bitcoin Frontier Fund, ALEX and Bitcoin Labs have teamed together to launch the first Bitcoin Launchpad Advisory. This effort is to support Bitcoin projects planning to launch a token, as we believe that Bitcoin will continue to be the center of gravity for all of crypto.
The Bitcoin Frontier Fund is dedicated to provide investment and financial strategy for projects aimed to support the long term growth of its portfolio companies.
ALEX will be instrumental in supporting the IDO and secondary market launches on AMM DEX. ALEX offers tech support, focusing on seamless ecosystem integration and the cultivation of vibrant communities.
Now is the time to build on Bitcoin.
View the Website and Apply Today!
Milestones: $200M TVL, $1.5B TTV and Over 50K Unique Wallet Addresses
Platform growth continues to surge. Last newsletter we were thrilled to cross $1B TTV and already that’s increased by over 50% as we’ve exceeded $1.5 Billion in TTV on ALEX.
Just as notable is that ALEX TVL surpassed $200M for the first time, with over 50K UWAs using our protocol. By a wide margin we continue to be #1 in Bitcoin DeFi.
Runes are Coming to ALEX!
It’s happening! ALEX is set to bridge Runes to Bitcoin L2s and EVMs, enhancing Bitcoin DeFi with faster and cheaper transactions. The Runes protocol, the latest fungible token standard on Bitcoin, is the talk of the Bitcoin community as the launch will coincide with the halving block.
ALEX will fully support Runes bridging and trading, enabling users to broaden their opportunities for interoperability and liquidity. Explore what’s coming next with Runes through our Medium post.
XLink 2024 Roadmap
XLink’s 2024 Roadmap is in full swing! Its designed to empower users and builders across different chains and ecosystems.
We’re on a mission to ease access to Bitcoin for everyone, starting with:
- Security advancements
- Integration with Bitcoin-specific and general blockchain meta-protocols
- Expanding connections to Bitcoin Layer 2 solutions
- Broadening interoperability with various non-Bitcoin blockchains
Stay tuned as we dive into each update and explore how you can contribute. Build with us and let’s bring Bitcoin to the world.
Oversubscribed IDOs for Sugar Kingdom Odyssey, Trex20 and Ordinalsbot
Activity on the ALEX Multichain Launchpad has been nearly non-stop with 3 oversubscribed IDOs since our last newsletter. Sugar Kingdom Odyssey $SKO and Trex20 $TX20 are both GameFi projects, that were 5x and 7x oversubscribed respectively. Ordinalsbot $TRIO greatly simplifies inscribing on Bitcoin and was 20x oversubscribed. With the Nakamoto release coming soon, there will be a pause in IDOs as Stacks makes the transition, but expect activity to continue strong.
ALEX Self-Service Token Listing
Memecoin popularity has risen in crypto and Stacks has been no exception. With a new wave of users expected post Nakamoto, ALEX has enabled our community to list their own tokens. For instructions on how to list your token on the ALEX AMM DEX, see our Medium post.
ALEX Self-Service Token Listing Guide
Solv, in Collaboration with ALEX and XLink, Comes to Stacks
We are thrilled to announce that Solv, in collaboration with ALEX and XLink, will be coming to Stacks!
Together, we will bring SolvBTC, the first BTC yield-bearing asset to the Stacks ecosystem, fostering increased vitality and introducing dynamic opportunities for the Bitcoin economy.
Bifrost Network, XLink and ALEX Collaboration Announced
ALEX and XLink are excited to collaborate with Bifrost Network to bring unprecedented cross-chain capabilities to the Stacks ecosystem. Through this partnership, users will soon be able to move $STX, $aBTC, $sBTC, $BFC (the native token of the Bifrost ecosystem) and $BtcUSD between Stacks and other supported networks facilitated by Bifrost Network and XLink.
Bifrost Network, XLink, and ALEX Lab Collaboration Announced
$ALEX Trading On Uniswap
$ALEX is now available in ERC20 and is trading on Uniswap. Using Bridge/XLink choose “EVM Bridge” and $ALEX is now an option. Another step towards greater decentralization and broader adoption.
ERC20 Swap page here.
ERC20 Explore page here.
ALEX Sponsors Bitcoin Asia
The world’s largest Bitcoin conference is coming to Hong Kong, May 9–10 at the Kai Tak Cruise Terminal. Not only is ALEX a major sponsor of the conference, most of the team will be in attendance. If you’re in the area, be sure to join us and come say hello!
In Closing
This year is off to an amazing start for Bitcoin, for crypto and especially for ALEX. Growth has been tremendous, momentum is building and the best is yet to come as the Nakamoto release approaches.
Its difficult to understate how transformative ~5 second transaction times will be for the Bitcoin ecosystem, and especially for DeFi where timing is incredibly important. Regardless of short term price movements, our vision is long term; we will keep our heads down and continue building the future of finance with the support of our loyal community.
Best Regards,
The ALEX Lab Foundation
