what's ALEX Lab?
ALEX Lab is a decentralized finance (DeFi) platform built on the Stacks blockchain, enabling Bitcoin holders to participate in DeFi activities without leaving the Bitcoin ecosystem. It provides tools for liquidity provision, automated market making, and yield farming, leveraging Stacks' smart contracts to unlock Bitcoin's potential in programmable finance. Users can launch projects, earn interest on assets, and engage in tokenized Bitcoin (xBTC) trading pairs. The platform operates through a suite of protocols including an automated market maker (AMM) for swapping assets, lending markets for borrowing and lending, and launchpads for new token deployments. Security is emphasized with audits and multi-signature wallets, though it has faced exploits due to phishing and permission issues, prompting ongoing recovery and hardening efforts. ALEX Lab aims to create a comprehensive BitFi ecosystem, integrating Bitcoin's security with DeFi innovation. Governance is community-driven via the ALEX token, which powers transactions, staking, and voting on protocol upgrades. By bridging Bitcoin to DeFi, ALEX Lab facilitates seamless interactions like perpetual futures and options, fostering growth in Bitcoin-native applications.
ALEX Lab offers 20% (ALEX-LiALEX) to 49% APR for LPs in cycle #364 ending today.
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Offers 49% APR for ALEX-WELSH liquidity pair in farming cycle #364 ending on 2026-04-10.
Offers 43% APR for aBTC-aUSD liquidity pair in farming cycle #364 ending on 2026-04-10.
Offers 25% APR for ALEX-LEO liquidity pair in farming cycle #364 ending on 2026-04-10.
Offers 26% APR for STX-ALEX liquidity pair in farming cycle #364 ending on 2026-04-10.
Offers 20% APR for ALEX-LiALEX liquidity pair in farming cycle #364 ending on 2026-04-10.
Offers 33% APR for aBTC-aUSD liquidity pair in rewards cycle #362 ending on 2026-04-02.
Offers 37% APR for ALEX-WELSH liquidity pair in rewards cycle #362 ending on 2026-04-02.
Offers 19% APR for ALEX-LEO liquidity pair in rewards cycle #362 ending on 2026-04-02.
Offers 19% APR for STX-ALEX liquidity pair in rewards cycle #362 ending on 2026-04-02.
Offers 19% APR for ALEX-LiALEX liquidity pair in rewards cycle #362 ending on 2026-04-02.
Offers 36% APR for the aBTC-aUSD liquidity pair in farming cycle #361 ending on 2026-03-29.
Offers 33% APR for the ALEX-WELSH liquidity pair in farming cycle #361 ending on 2026-03-29.
Offers 19% APR for the ALEX-LEO liquidity pair in farming cycle #361 ending on 2026-03-29.
Offers 19% APR for the STX-ALEX liquidity pair in farming cycle #361 ending on 2026-03-29.
Offers 19% APR for the ALEX-LiALEX liquidity pair in farming cycle #361 ending on 2026-03-29.
Offers 36% APR for the aBTC-aUSD liquidity pair in farming cycle #360.
Offers 29% APR for the ALEX-WELSH liquidity pair in farming cycle #360.
Offers 19% APR for the ALEX-LEO liquidity pair in farming cycle #360.
Offers 23% APR for the STX-ALEX liquidity pair in farming cycle #360.
Offers 19% APR for the ALEX-LiALEX liquidity pair in farming cycle #360.
Offers 39% APR for the aBTC-aUSD liquidity pair in rewards cycle #359, ending on 2026-03-20.
Provides liquidity farming for ALEX-WELSH pair at 33% APR in cycle #359.
Provides liquidity farming for ALEX-LEO pair at 22% APR in cycle #359.
Offers 42% APR for aBTC-aUSD liquidity pair in rewards cycle #357, ending on 2026-03-10.
Offers 26% APR for ALEX-WELSH liquidity pair in rewards cycle #357, ending on 2026-03-10.
Offers 19% APR for ALEX-LEO liquidity pair in rewards cycle #357, ending on 2026-03-10.
Offers 19% APR for STX-ALEX liquidity pair in rewards cycle #357, ending on 2026-03-10.
Offers 19% APR for ALEX-LiALEX liquidity pair in rewards cycle #357, ending on 2026-03-10.
Offers 41% APR for aBTC-aUSD liquidity pool during rewards cycle #356, which ends on 2026-03-06.
Offers 31% APR for ALEX-WELSH liquidity pool during rewards cycle #356, which ends on 2026-03-06.
Offers 30% APR for ALEX-LEO liquidity pool during rewards cycle #356, which ends on 2026-03-06.
Offers 21% APR for STX-ALEX liquidity pool during rewards cycle #356, which ends on 2026-03-06.
Offers 19% APR for ALEX-LiALEX liquidity pool during rewards cycle #356, which ends on 2026-03-06.
Offers 43% APR for the aBTC-aUSD liquidity pair in rewards cycle #355, ending on 2026-03-02.
Offers 32% APR for the ALEX-WELSH liquidity pair in rewards cycle #355, ending on 2026-03-02.
Offers 30% APR for the ALEX-LEO liquidity pair in rewards cycle #355, ending on 2026-03-02.
Offers 23% APR for the STX-ALEX liquidity pair in rewards cycle #355, ending on 2026-03-02.
Offers 19% APR for the ALEX-LiALEX liquidity pair in rewards cycle #355, ending on 2026-03-02.
Governance proposal passed with over 99.9% approval to allocate Q1 2026 protocol revenue toward operational costs.
Offers 43% APR for aBTC-aUSD liquidity pair farming in rewards cycle #354, ending on 2026-02-26.
Offers 29% APR for ALEX-WELSH liquidity pair farming in rewards cycle #354, ending on 2026-02-26.
Offers 23% APR for STX-ALEX liquidity pair farming in rewards cycle #354, ending on 2026-02-26.
Offers 19% APR for ALEX-LiALEX liquidity pair farming in rewards cycle #354, ending on 2026-02-26.
Offers 43% APR for the aBTC-aUSD liquidity pair in farming cycle #353, ending on 2026-02-26.
Offers 29% APR for the ALEX-WELSH liquidity pair in farming cycle #353, ending on 2026-02-26.
Offers 28% APR for ALEX-LEO liquidity pair farming in rewards cycle #354, ending 2026-02-26.
Offers 23% APR for the STX-ALEX liquidity pair in farming cycle #353, ending on 2026-02-26.
Offers 70% APR for aBTC-aUSD, 45% APR for ALEX-WELSH, 36% APR for STX-ALEX, 31% APR for ALEX-LEO, and 19% APR for ALEX-LiALEX liquidity pairs in farming cycle #353, ending on 2026-02-22.
Offers 45% APR for ALEX-WELSH liquidity pair in farming rewards cycle #353, ending on 2026-02-22.
Offers 31% APR for ALEX-LEO liquidity pair in farming rewards cycle #353, ending on 2026-02-22.
Offers 36% APR for STX-ALEX liquidity pair in farming rewards cycle #353, ending on 2026-02-22.
Offers 19% APR for ALEX-LiALEX liquidity pair in farming rewards cycle #353, ending on 2026-02-26.
Offers 71% APR for aBTC-aUSD liquidity pair farming in cycle #352 ending on 2026-02-18.
Offers 47% APR for ALEX-WELSH liquidity pair farming in cycle #352 ending on 2026-02-18.
Offers 39% APR for ALEX-LEO liquidity pair farming in cycle #352 ending on 2026-02-18.
Offers 36% APR for STX-ALEX liquidity pair farming in cycle #352 ending on 2026-02-18.
Offers 19% APR for ALEX-LiALEX liquidity pair farming in cycle #352 ending on 2026-02-18.
Offers farming yields for cycle #349 ending on 2026-02-02, with STX-ALEX pair at 35% APR, ALEX-WELSH at 33% APR, ALEX-LEO at 27% APR, ALEX-LiALEX at 17% APR, and aBTC-aUSD at 4% APR, all including fee rebates.
Farming rewards cycle #346 closes on 2026-01-20 at approximately 03:56 UTC, with yield rates of 38% APR for ALEX-LEO, 29% APR for ALEX-WELSH, 22% APR for STX-ALEX, 17% APR for ALEX-LiALEX, and 4% APR for aBTC-aUSD pools.
WELSH liquidity pool on ALEX yields 23% farming APR and 17% in LP fees, making it the leading combined rewards pool on the platform.
Cycle #343 rewards program closes on January 7, 2026, offering farming yields ranging from 2% to 42% APR across six liquidity pairs including ALEX-WELSH (42% APR), ALEX-LEO (27% APR), and STX-ALEX (21% APR).
Suffered a vault permissions exploit in June 2025, losing $8.3M; recovered 1,165,223.709 STX from a centralized exchange.
Cycle #340 rewards period closes on 2025-12-25, with current farming yields ranging from 1% to 46% APR across six liquidity pairs including ALEX-WELSH at 46% APR, ALEX-LEO at 29% APR, and STX-ALEX at 19% APR.
STX-aBTC liquidity pool generates 46% LP rewards, ranking as the highest-earning pool on the platform.
ALEX-WELSH liquidity pool generates 12% LP rewards, ranking as the second-highest earning pool on the platform.
Mentioned by Pantera Capital as one of the apps fueling BTCFi activity on Stacks, contributing to 1.4% of Bitcoin capital being deployed in BTCFi.
Cycle #338 farming yields show WELSH-ALEX at 61% APR (up from 56% in cycle #336), LEO-ALEX at 35% APR (down from 37%), STX-ALEX at 18% APR (down from 24%), and ALEX-LiALEX at 17% APR (down from 18%), with 21 hours remaining to join the rewards cycle.
Rewards cycle #338 closes in 21 hours with ALEX-WELSH pool at 61% APR, ALEX-LEO at 35% APR, STX-ALEX at 18% APR, ALEX-LiALEX at 17% APR, aBTC-aUSD at 5% APR, and aBTC-LiaBTC at 2% APR.
Rewards cycle #337 closes in 15 hours with ALEX-WELSH pool at 62% APR, ALEX-LEO at 40% APR, STX-ALEX at 20% APR, ALEX-LiALEX at 17% APR, aBTC-aUSD at 5% APR, and aBTC-LiaBTC at 2% APR.
Partnered with Welsh Community and ZeroAuthDAO to distribute 475,000 WELSH tokens and 6 STX as prizes in a meme competition.
Cycle #336 farming yields show WELSH-ALEX at 56% APR (down from 67% in cycle #335), LEO-ALEX at 37% APR (up from 31%), STX-ALEX at 24% APR (up from 23%), and ALEX-LiALEX at 18% APR (unchanged), with 11 hours remaining to join the rewards cycle.
Rewards cycle #336 closes in 11 hours with ALEX-WELSH pool at 56% APR, ALEX-LEO at 37% APR, STX-ALEX at 24% APR, ALEX-LiALEX at 18% APR, aBTC-aUSD at 5% APR, and aBTC-LiaBTC at 2% APR.
Quarterly governance proposal passes with 99.5% approval to allocate protocol revenue for operational costs, implementing Q4 revenue allocation.
Cycle #335 farming yields show WELSH-ALEX at 67% APR (up from 44% in cycle #334), LEO-ALEX at 31% APR, STX-ALEX at 23% APR (up from 17%), and ALEX-LiALEX at 18% APR, with 27 hours remaining to join the rewards cycle.
Rewards cycle #335 closes in 27 hours with ALEX-WELSH pool at 67% APR, ALEX-LEO at 31% APR, STX-ALEX at 23% APR, ALEX-LiALEX at 18% APR, aBTC-aUSD at 5% APR, and aBTC-LiaBTC at 2% APR.
Governance vote live from November 28 to December 5, 2025, requesting quarterly approval to allocate protocol revenue for operational costs.
Governance vote active from November 28th to December 5th on quarterly approval to use protocol revenue for operational costs.
Cycle #334 farming yields show WELSH-ALEX at 44% APR (down from 49% in cycle #333), LEO-ALEX at 31% APR (down from 43%), STX-ALEX at 17% APR (down from 18%), and ALEX-LiALEX at 17% APR (down from 18%), with 23 hours remaining to join the rewards cycle.
Cycle #333 farming yields show WELSH-ALEX at 49% APR (down from 61% in cycle #332), LEO-ALEX at 43% APR (up from 36%), STX-ALEX at 18% APR (unchanged), and ALEX-LiALEX at 18% APR (unchanged), with 25 hours remaining to join the rewards cycle.
ALEX Lab connects with Blockchain @ Berkeley next week and offers 10,000 $ALEX bounty for introductions to Berkeley students, particularly creators.
Cycle #332 farming yields show WELSH-ALEX at 61% APR (up from 52% in cycle #324), LEO-ALEX at 36% APR (down from 41%), STX-ALEX at 18% APR (down from 26%), and ALEX-LiALEX at 18% APR, with 21 hours remaining to join the rewards cycle.
Rewards cycle #332 closes in 21 hours with ALEX-WELSH pool offering 61% APR and ALEX-LEO at 36% APR, while two new aBTC liquidity pools (aBTC-LiaBTC and aBTC-aUSD) debut at 1% APR each.
Rewards cycle #331 closes in 15 hours, featuring ALEX-WELSH pool at 39% APR, ALEX-LEO at 27% APR, STX-ALEX at 18% APR, and ALEX-LiALEX at 18% APR.
Trading Pool v2 development is underway as the first concrete implementation of Clarity v4, upgrading the AMM with improved reliability, lower costs, and enhanced security for token swaps.
SIP-033 activation complete at block 923222, bringing Clarity 4 live with new contract-hash and restrict-assets security functions for on-chain contract validation and safe external contract interactions.
Partnership bounty launches with 475,000 $WELSH prize pool distributed among 5 winners for ALEX x WELSH memes and animations, live through December 26.
Mainnet transition to Clarity 4 set for November 11 at 16:00 UTC (block 923222), with testnet upgrade completed at block 109280.
SIP-033 governance vote passes with over 99.99% approval; Clarity 4 hard fork rescheduled to Nov 10-13 from Nov 6, with DAMM product development to continue after hard fork completion. Q4 TGP distribution scheduled for end of December.
Voting for SIP-033 officially concludes with 99% approval for Clarity 4, marking a major milestone on the roadmap.
Over 187M stacked STX vote unanimously yes on SIP-033 with 2.5 days left in voting, surpassing the 80M minimum threshold needed for the hard fork approval.
SIP-033 expected to implement around November 6 with new security features (contract-hash and restrict-assets functions) as Step 4 of 5 on roadmap toward DAMM release. LiaBTC sunsets with emissions transferring to STX-ALEX pool after cycle #345.
Trading competition with 200,000 $WELSH in prizes ends October 21, organized in collaboration with ZeroAuthDAO and Welsh Community.
Cycle #324 farming yields show WELSH-ALEX at 52% APR (down from 74% in cycle #323), LEO-ALEX at 41% APR (up from 37%), STX-ALEX at 26% APR (down from 28%), and ALEX-LiALEX at 20% APR, with 15 hours remaining to join the rewards cycle.
Cycle #323 farming yields show STX-ALEX at 28% APR (up from 25% in cycle #321) and LEO-ALEX at 37% APR (up from 34%), with WELSH-ALEX maintaining 74% APR and 27 hours remaining to join the rewards cycle.
Trading contest in partnership with @zeroauthdao awards 200,000 $WELSH to 3 winners for demonstrating trades on ALEX platform, ending October 21.
New meme coin $B (Blockstx) launches through self-listing and ranks second in fee rebate APRs at 14.9% (STX-B pool), described as potentially the hottest new STX meme coin of the year. Top 3 liquidity pools by fee rebate are STX-MIA at 15.4%, STX-B at 14.9%, and ALEX-WELSH at 12.5%.
Cycle #321 farming yields show WELSH-ALEX decreasing to 74% APR (down from 85% in cycle #320) and LEO-ALEX dropping to 34% APR (down from 40%), while STX-ALEX maintains 25% APR.
Approved governance proposal will boost STX-ALEX pool emissions by 73% to 245,100 ALEX per cycle after cycle 345, redirecting 103,200 ALEX from aBTC-LiaBTC emissions with current cycle at #320.
Emissions allocation proposal for STX-ALEX pools passes with unanimous approval and over 30 million votes, affecting distributions after cycle 345 with voting closing October 3.
Governance proposal to redirect aBTC-LiaBTC emissions to STX-ALEX pool passes with 100% unanimous approval and over 30 million votes cast, with voting closing October 3.