NEAR partnership, Surge Campaign, LiaBTC and Nakamoto Release

2024-11-10 09:27:09 Reading

From ALEX DeFi

Crypto history has been written with the election of the most pro-crypto candidate in U.S. history. ALEX has been busy actively preparing for the anticipated bull market and expanding the finance layer of Bitcoin:

ALEX and XLink have partnered with NEAR Protocol to leverage Chain Signatures technology, improving interoperability and transaction capabilities across multiple blockchains.
Our token holders approved the ALEX Surge Campaign, which will allocate substantial rewards to Stacks projects on ALEX that expand their social reach and boost liquidity over the next year.
On LISA, LiaBTC is set to offer liquid staking yields to Bitcoin holders powered by Babylon.

Amplifying the excitement in our ecosystem, the Stacks Nakamoto release went live on October 29. Optimization efforts are now underway to unleash the full potential of Nakamoto, but already Stacks blocks are averaging 5–10 seconds, offer enhanced Bitcoin security and 100% Bitcoin finality. The infrastructure is in place to redefine ease of use and scalability in Bitcoin DeFi, and ALEX is positioned as its financial hub.

ALEX and XLink Partner with NEAR

Big news in Bitcoin DeFi! ALEX and XLink are teaming up with NEAR protocol to launch Bitcoin Oracle V2, bringing a faster, safer, and more user-friendly experience to Bitcoin users. By leveraging NEAR Protocol’s Chain Signatures technology, we’re enhancing blockchain interoperability, allowing smart contracts to execute transactions across multiple blockchains.

This integration boosts the Bitcoin Oracle — a cross-chain messaging layer — ensuring secure off-chain computations and unlocking new DeFi possibilities for Bitcoin. XLink improves transaction speed and throughput, enabling interactions with Layer-2 smart contracts using just a Bitcoin wallet and BTC.

With ALEX’s advancements, Bitcoin users gain access to a DeFi trading platform with unified liquidity and advanced tools. Read more on the Bitcoinist.

Surge Campaign Approved

Disclaimer: This specification is preliminary and is subject to change at any time without notice. ABC News assumes no responsibility for any errors contained herein.