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What is ALEX Lab (ALEX)?

ALEX Lab develops DeFi building blocks for developers on the Bitcoin ecosystem, utilizing Stacks. They concentrate on trading, lending, and borrowing cryptocurrencies, with Bitcoin as the settlement layer and Stacks providing smart contract functionality. Their core component is an automated market maker (AMM) protocol, facilitating trustless crypto asset swaps. Initially, ALEX Bridge will support USDC (ERC20) and xUSD (Stacks) exchanges, with future plans to include xALEX/ALEX, WBTC/xBTC, ETH/xETH, and more.

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