Waivly

Share this post
DeFi platform ALEX raises $5.8M
www.waivly.com
Crypto

DeFi platform ALEX raises $5.8M

Aims to bring DeFi to the Bitcoin Ecosystem

Nov 15, 2021
1
Share this post
DeFi platform ALEX raises $5.8M
www.waivly.com
ALEX

ALEX, a decentralized finance (DeFi) protocol, has raised $5.8 million in a round led by White Star Capital, along with venture capital firms such as Cultur3, GBIC, and OK Blockchain Capital.

⠀

ALEX, which stands for “Automated Liquidity Exchange,” plans to use its funding to grow its team of 15 people, ensuring that “new recruits are a good fit.” Earlier this year, ALEX was founded by Chiente Hsu and Rachel Yu, who both have backgrounds in developing quantitative strategies for Wall Street banks.

⠀

ALEX is an open-source DeFi protocol built on Bitcoin via Stacks Blockchain and modeled on the world’s financial markets that allow you to launch and trade tokens, lend cryptocurrency, and more.

⠀

“The traditional financial system is orchestrated in a way that hinders people who don’t have access to everyday financial tools,” Hsu said in a press release. “We believe that crypto can streamline many financial processes and this funding will allow us to create new opportunities for women and other marginalized groups.”

⠀

For more from us at Waivly, join our free fun-to-read and to-the-point newsletter enjoyed by hundreds of people across the internet every day of the week 👇

Share this post
DeFi platform ALEX raises $5.8M
www.waivly.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Waivly
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing