• Alex

  Participated · Equity · Mar 2024

  ALEX develops a decentralized finance layer tailored to the Bitcoin ecosystem. The protocol leverages Layer2 solutions, cross-chain bridges, oracles and additional infrastructure to enable Bitcoin-native DeFi. The team intends to continue building its financial layer on Stacks. The company completed a strategic financing to fund continued protocol and infrastructure development. The article does not disclose operating metrics such as revenue or user counts. The financing is positioned to accelerate ALEX's technical roadmap on Bitcoin-focused stacks. ALEX is deploying its mainnet on Stacks to bring permissionless DeFi to Bitcoin, offering fixed-rate, fixed-term lending and borrowing without risk of liquidation. The platform also includes an advanced decentralized exchange, yield farming, and a launchpad where community members vote on token listings. ALEX’s native token $ALEX opened at $0.32 for the Stacks community on January 10 and will be available for staking at mainnet on January 17. On testnet, over 19,000 unique addresses accessed ALEX and more than 110,000 transactions were processed. The protocol has completed audits with CoinFabrik and Lease Authority and aims to activate dormant bitcoin holdings, citing the potential to mobilize over $1 trillion of idle bitcoin. Financially, ALEX has secured recent financing including a $5.8M round and an additional $2M oversubscribed private round, and plans a retail IDO.

• Infrared

  Participated · Seed · Jan 2024

  Infrared is the first proof-of-liquidity (PoL) staking protocol on Berachain, offering liquid staking for the network’s native BGT and BERA tokens. Users who stake native tokens receive validator rewards plus iBERA, a liquid-staked token that can be deployed across other DeFi protocols to generate additional yield. The protocol aims to unlock productive capital within the wider Berachain ecosystem by maximizing efficiency and yield for stakers and builders. Infrared will be among the first projects to benefit from the Berachain Foundation’s incubator, Build a Bera. The article links the rollout to Berachain’s recent mainnet launch on Feb. 6 and the network’s proof-of-liquidity consensus that rewards liquidity provision. Financially, the company has completed multiple financing rounds bringing institutional backing from crypto-focused investors.

No current team members are available.