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ALEX Lab creates DeFi building blocks for developers who want to grow an ecosystem on Bitcoin, using Stacks to enable it. For that reason, ALEX Lab concentrates on trading, lending, and borrowing crypto assets, where Bitcoin serves as the settlement layer and Stacks provides the smart contract layer. Central to this mission is its automated market making ("AMM") protocol, enabling users to swap between crypto assets in a trustless way.
ALEX Bridge will start by facilitating transfers between USDC (ERC20) and xUSD (Stacks), with an intended roadmap to expand to xALEX/ALEX, WBTC/xBTC, ETH/xETH, and additional pairs.
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