Alex Raises $5.8M to Bring DeFi to the Bitcoin Ecosystem

Alex Raises .8M to Bring DeFi to the Bitcoin Ecosystem
Alex, a decentralized finance (DeFi) protocol built on the Bitcoin-linked Stacks blockchain, has raised $5.8 million in financing led by White Star Capital. The funds will help drive the protocol launch in December and expand the developer and user experience teams.Alex aims to be a one-stop DeFi platform that allows for fixed-rate and fixed-term bitcoin lending and borrowing. The protocol also supports token launches and decentralized exchanges, both automated market makers (AMMs) and off-chain order books.Alex was co-founded by Chiente Hsu and Rachel Yu, who both have backgrounds in developing quantitative strategies for Wall Street banks such as Credit Suisse,…