Lending and borrowing at a fixed yield with no risk of liquidation
ALEX is the first project on the Stacks Blockchain to implement Automated Market Making (AMM) and liquidity pools. Therefore, our early adopters (developers) must understand how ALEX is designed to enable arbitrary trading strategies that offer fixed yields and eliminate liquidation risks.
In its basic use case, there are three actor types for ALEX-based yield pools:
- Liquidity Provider