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How to DeFi in Bitcoin (via L2 Stacks)
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Joined 2023.02.22
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How to DeFi in Bitcoin (via L2 Stacks)

First, you have to buy $STX somewhere that allows you to withdraw them to the Stacks mainnet. Here are all the possible #cex:

https://www.coingecko.com/es/monedas/stacks#markets

Then you install Hiro Wallet and set up an account to send the $STX there. It takes a while to be credited, remember that behind it is the Bitcoin network so each transaction can take from minutes to a couple of hours in the worst case scenario.

Ok, you now have the $STX in your wallet. Let's go to the #dex of this L2, which is https://app.alexlab.co/swap It's similar to Uniswap, but with Launchpad and soon orderbook.

Here you can do whatever you want, swap, add liquidity to a pool or buy $ALEX and stake it at 35%, not bad. Remember that each transaction takes time, put high fees instead of standard ones, they don't reach 1 cent on the dollar.