From its conception, ALEX’s every effort has been to realize permissionless and universally inclusive finance.
Globally, some 1.4 billion adults remain unbanked, more commonly women, poorer, less educated, and living in rural areas.”
2/ In 2022, remittance flows are ~ USD 630 billion with transaction cost at 6%.
That’s over $38B extracted by middlemen.
In the U.S, banks together make about $15 billion a year on overdraft fees, which fall on the most vulnerable consumers.
Nov 22, 2021 • 5 tweets • 2 min read
ALEX Mainnet Launch Update 📰
In order to take full advantage of the SIP-012 network upgrade and to give our users the best possible experience, our launch will be taking place with the following timeline:👇
▶️SIP-012 Upgrade due to deploy on Bitcoin block 713,000, activation ~ Dec 6.
▶️Assuming the launch of SIP-012 goes smoothly, ALEX will be working closely with @SyvitaGuild over two weeks to optimize protocol operations, resilience and compatibility with the upgrade.
2/5
Nov 1, 2021 • 7 tweets • 4 min read
A summary of the steps we have been taking to minimize protocol risk (from our Twitter Spaces): 1) Two external audits 2) Collaboration with top STX builders 3) A white hat hackathon and an exciting bug bounty program...
👇 (1/7)
First of all, we have the highest respect for @philipdesmedt and the @ArkadikoFinance team. We are grateful to them for having gone to Mainnet first. We're learning tremendously from their experience.
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Oct 19, 2021 • 15 tweets • 7 min read
ALEX and the End of Liquidation Risk
A review of how our dynamic CRP brings seat belts and airbags to #DeFi
