Singapore, Singapore, September 16th, 2024,
Chainwire
ALEX (Automated Liquidity Exchange) is proud to
announce the launch of ALEX V2, a new platform designed to advance
Bitcoin finance by addressing key challenges faced by traders,
liquidity providers, and the broader Bitcoin ecosystem. Building on
the success of ALEX V1, ALEX V2 merges Automated Market Making
(AMM) with order book trading and integrates XLink, a cross-chain liquidity protocol, to provide a
seamless trading experience across Bitcoin Layer 2 (L2)
networks.
ALEX V2 is designed to empower Bitcoin holders with a
permissionless and decentralized trading environment, eliminating
the complexities of centralized exchanges and fragmented liquidity.
The platform introduces innovative solutions, including a liquidity
hub that supports both AMM and order book models, cross-chain
trading simplification through Bitcoin-Centric Chain Abstraction,
and native BTC trading without the need for wrapped tokens.
“We’re excited to bring ALEX V2 to the Bitcoin
community,” said Rachel Yu, co-founder of ALEX. “ALEX V2
solves the pain points of liquidity fragmentation and inefficient
trading, enabling users to experience a new level of efficiency and
simplicity in Bitcoin DeFi. Upgrading ALEX to V2 has been amazing
because it let us add the features we thought were missing and our
users were clamoring for,” said Chan Ahn, CTO.
Key Features of ALEX V2:
- Unified Bitcoin Liquidity: ALEX V2 aggregates
liquidity across Bitcoin L2s using XLink, centralizing BTC/USDT
liquidity to streamline trading.
- Advanced Trading Tools: The integration of AMM
and order book models provides traders with precision, while
single-sided liquidity provision lowers barriers for liquidity
providers.
- Seamless Cross-Chain Trading: Users can trade
using a single Bitcoin wallet, simplifying cross-chain transactions
without managing multiple wallets or chains.
- Yield-Bearing Assets: LISA, the staking
platform, introduces yield-bearing Bitcoin and stablecoin assets,
expanding opportunities for BTC holders.
As the Bitcoin economy continues to grow and centralized
exchanges face increasing regulatory pressure, ALEX V2 offers a
decentralized alternative tailored to meet the evolving needs of
Bitcoin traders and liquidity providers. The platform’s
comprehensive approach ensures that all roads on Bitcoin lead to
ALEX.
About ALEX
ALEX is the first and largest platform to offer a full
range of DeFi services on Bitcoin, combining its security with
Layer 2 smart contracts for fast, secure transactions. ALEX offers
a suite of DeFi tools, including a DEX, bridge, Bitcoin oracle, and
Launchpad, to enable the creation of best-in-class financial apps
on Bitcoin. ALEX leads in Bitcoin DeFi and optimizes liquidity
across Bitcoin's layers.
Contact
Elliot
Ledley
Elliot@EnergentMedia.net