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ALEX Community Update: Commencement of Buyback & Burn and Close of TGP
Following governance approval of End of Emissions, Token Buyback and Burn, Close of TGP, the buyback-and-burn phase is being initiated and the Treasury Grant Program is now formally closed, after claims remained open for more than two years.
Where things stand:
๐ธEmissions are tapering to zero
ALEX is in its final emissions cycles; farming and staking rewards reach zero from cycle 409, after which no new $ALEX will ever be issued. Rewards continue through the remaining cycles and wind down with them; no action is required from participants in the meantime.
๐ธ Buyback and burn commences soon
The unclaimed STX remaining in the TGP treasury at the close of the grace period (approximately 1.44 million STX, swept to the DAO treasury on execution of AGP-633) initiates the program; protocol revenue in excess of essential operating costs sustains it thereafter. Both fund the buyback and permanent burn of $ALEX. Purchases are made at the Foundationโs discretion at prevailing market prices over time; no start time, schedule, per-purchase size, or execution method will be published in advance.
๐ธ TGP 2024 is closed
A two-week governance vote approved the close of claims, followed by a 30-day grace period for remaining TGP 2024 claims that concluded on July 1. TGP 2024 has now formally closed. Obligations under TGP 2025 were fully discharged previously.
This marks the protocolโs transition from an inflationary to a deflationary token model.
Also of note: Brotocol aBTC and aUSD peg-out window has closed
As Brotocol moves to a new chain, the standard peg-out window for Stacks-based $aBTC and $aUSD has closed. Per Brotocol, assets remain recoverable; peg-outs are now handled directly with the Brotocol team on an ad hoc basis, see ๐nitter.gq/Brotocol_xyz/status/20โฆ
A transparency report covering treasury disposition and buyback-and-burn activity will be published in due course.
Brotocol: Stacks Peg-Out Window Closed โ What Happens Next
The standard peg-out window for Stacks-based $aBTC and $aUSD closed on July 15, 2026, as previously announced.
Your assets remain backed and recoverable. The closing of the standard window does not affect the backing of $aBTC or $aUSD. If you still hold either asset on Stacks, you can still peg out.
The peg-out UI will be taken down. In its place, the site will direct holders to Brotocolโs Discord and Telegram, where the team will handle peg-out requests directly.
How to peg out from here:
Contact the Brotocol team via Discord (discord.com/invite/brotocol) or Telegram (t.me/brotocol_xyz).
Requests are handled on an ad hoc basis. There is no guaranteed turnaround time, and processing may take significantly longer than the previous weekly batch schedule.
Include your wallet address and the asset and amount you wish to peg out.
We encourage all remaining holders to complete their peg-outs by August 15, 2026. This is not a hard cutoff, but requests made after this date may take considerably longer to process.
Details on Brotocolโs next phase will follow in a separate announcement.
Community Update: ALEX to Delist from MEXC on November 7
ALEX Lab Foundation has requested the voluntary delisting of ALEX from MEXC, effective 7 November 2026, to consolidate trading liquidity and direct resources to the ALEX DEX and the ALEX buyback and burn program. ๐medium.com/alexgobtc/communiโฆ
If you hold ALEX on MEXC, withdraw it now to your own Stacks wallet or to Gate.io.
๐นTrading and deposits on MEXC end at around 14:00 UTC on 7 November 2026. Do not send ALEX to MEXC.
๐นMEXC says withdrawals remain available for 30 days after the delisting, to around 7 December. Withdraw well before then.
๐นCancel any open ALEX orders before trading ends so your full balance can be withdrawn.
๐นIf your balance is below MEXC's minimum withdrawal amount, you can sell on MEXC until trading ends.
๐นSelect the Stacks network. For your own wallet, use a Stacks address starting with SP. If sending to Gate.io, copy the deposit address and the required memo from your own Gate.io deposit page.
ALEX trading on Gate.io and the ALEX DEX (app.alexlab.co) and the on-chain buyback and burn program are not affected.
There is no migration or swap. ALEX is unchanged. Admins will never DM you first or ask for your seed phrase. Questions: discord.gg/alexlab
MEXC announcement: mexc.com/announcements/articโฆ
Medium details: medium.com/alexgobtc/communiโฆ
ALEX Buyback & Burn: Fourth Progress Update
The buyback-and-burn program continues. STX from the closed TGP treasury is being used to acquire $ALEX on the open market. The $ALEX acquired is either burned directly or exchanged for LiALEX, whose redemption is intended to be burned when it matures. ๐medium.com/alexgobtc/alex-buโฆ
As of November 1, 2026:
๐ธ 84,037,391 $ALEX permanently burned โ equal to approximately 9.2% of today's total supply
๐ธ 1,188,216 STX deployed โ approximately 82% of the treasury allocation, up from 11% at our first report
๐ธ $ALEX total supply now 911,492,388 โ supply can still rise as staking and farming rewards earned before Cycle #409 are claimed
๐ธ LiALEX route live โ approximately 4,656,515 LiALEX held or awaiting redemption. LiALEX-route burns are recorded as each redemption matures, about five months after it is requested, so the burned total does not yet reflect these purchases
๐ธ Every purchase and burn settles on-chain and is independently verifiable
Emissions end in early November. ALEX staking and farming rewards reach zero from Cycle #409, expected in early November. Rewards earned up to and including Cycle #408 remain claimable; no action is needed and no claim deadline has been set.
Purchases are made at the Foundation's discretion at prevailing market prices over time. Consistent with prior guidance, no schedule, size, or execution detail is published in advance.
Vault: SP1KK89R86W73SJE6RQNQPRDM471008S9JY4FQA62.alex-buyback-v2 (totals combine it with the original alex-buyback)
Medium Details: medium.com/alexgobtc/alex-buโฆ
ALEX: Final Rewarded Cycle and App Changes
Cycle 408 is the final rewarded cycle for ALEX staking and farming. From cycle 409, rewards are zero. ๐medium.com/alexgobtc/alex-fiโฆ
New staking and farming are closed in the app; positions opened now would start in 409 and earn nothing. Rewards and principal stay claimable, with no claim deadline set.
The $ALEX buyback and burn continues. See Medium for details.
๐จ Final ALEX Emission Cycle
โ๏ธ3 Hours Left to Join Cycle #408 Rewards โ๏ธ
Less than 3 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #408๐
$Alex - $WELSH 123% APR
$aBTC - $aUSD 184% APR
$STX - $Alex 65% APR
$Alex - $LEO 71% APR
$Alex - $LiALEX 168% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 123% ๐ฅ
๐จ Final 2 ALEX Emission Cycles
โ๏ธ7 Hours Left to Join Cycle #407 Rewards โ๏ธ
Less than 7 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #407๐
$Alex - $WELSH 102% APR
$aBTC - $aUSD 253% APR
$STX - $Alex 63% APR
$Alex - $LEO 78% APR
$Alex - $LiALEX 207% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 102% ๐ฅ
๐จ Final 3 ALEX Emission Cycles
โ๏ธ21 Hours Left to Join Cycle #406 Rewards โ๏ธ
Less than 21 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #406๐
$Alex - $WELSH 131% APR
$aBTC - $aUSD 252% APR
$STX - $Alex 63% APR
$Alex - $LEO 72% APR
$Alex - $LiALEX 164% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 131% ๐ฅ
๐จ Final 4 ALEX Emission Cycles
โ๏ธ17 Hours Left to Join Cycle #405 Rewards โ๏ธ
Less than 17 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #405๐
$Alex - $WELSH 117% APR
$aBTC - $aUSD 267% APR
$STX - $Alex 64% APR
$Alex - $LEO 53% APR
$Alex - $LiALEX 187% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 117% ๐ฅ
ALEX Buyback and Burn: A LiALEX Route Is Coming
With LISA winding down, LiALEX redemption remains open but takes about four months from request. Selling on the ALEX/LiALEX pool is faster, but currently at a discount. ๐medium.com/alexgobtc/alex-buโฆ
In the next few weeks, subject to a DAO governance proposal, the buyback will add a second route. Alongside buying and burning $Alex, it will be able to use the $Alex it buys to buy LiALEX on the pool, redeem it, and burn all the $Alex returned.
๐ธAdds a buyer for LiALEX, which should narrow the discount for early exits
๐ธBurns more $Alex per STX spent
Every $Alex acquired is still burned: immediately on the direct route, at redemption on the LiALEX route
LiALEX holders can sell on the pool, or redeem 1:1 in about four months.
No action required. ALEX Lab Foundation commits to supporting redemption after the LISA wind-down, including instructions for redeeming directly on the contract.
See Medium for details: medium.com/alexgobtc/alex-buโฆ
๐จ Final 5 ALEX Emission Cycles
โ๏ธ12 Hours Left to Join Cycle #404 Rewards โ๏ธ
Less than 12 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #404๐
$Alex - $WELSH 110% APR
$aBTC - $aUSD 240% APR
$STX - $Alex 66% APR
$Alex - $LEO 48% APR
$Alex - $LiALEX 199% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 110% ๐ฅ
๐จ Final 6 ALEX Emission Cycles
โ๏ธ12 Hours Left to Join Cycle #403 Rewards โ๏ธ
Less than 12 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #403๐
$Alex - $WELSH 118% APR
$aBTC - $aUSD 260% APR
$STX - $Alex 70% APR
$Alex - $LEO 51% APR
$Alex - $LiALEX 196% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 118% ๐ฅ
ALEX Buyback & Burn: Third Progress Update
The buyback-and-burn program continues. $STX from the closed TGP treasury is being used to purchase $Alex on the open market, and every $Alex purchased is permanently burned.
medium.com/alexgobtc/alex-buโฆ
As of October 5, 2026:
๐ธ 75,189,652 $ALEX permanently burned โ approximately 8.2% of current total supply, removed and unable to be reissued
๐ธ 1,011,078 STX deployed โ approximately 70% of the treasury allocation, up from 11% at our first report
๐ธ $ALEX total supply now 916,817,999
๐ธ Every purchase and burn settles on-chain and is independently verifiable
Emissions end this month:
ALEX staking and farming rewards reach zero from Cycle #409, expected in late October. Participants are reminded to review their staking and farming positions ahead of that date.
Purchases are made at the Foundation's discretion at prevailing market prices over time. Consistent with prior guidance, no schedule, size, or execution detail is published in advance.
Vault: SP1KK89R86W73SJE6RQNQPRDM471008S9JY4FQA62.alex-buyback
Medium Details: medium.com/alexgobtc/alex-buโฆ
๐จ Final 7 ALEX Emission Cycles
โ๏ธ6 Hours Left to Join Cycle #402 Rewards โ๏ธ
Less than 6 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #402๐
$Alex - $WELSH 114% APR
$aBTC - $aUSD 233% APR
$STX - $Alex 70% APR
$Alex - $LEO 52% APR
$Alex - $LiALEX 245% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the meme coin pack with a combined rewards of 114% ๐ฅ
ALEX ๐ง No. 1 Bitcoin DeFi retweeted
๐ Now live ๐
Levered Bitcoin Staking on @Stacks.
This Vault one click loops stBTC into more Bitcoin Staking yield. No manual borrowing, no rebalancing.
ALEX ๐ง No. 1 Bitcoin DeFi retweeted
stBTC is live on @Stacks.
Deposit and earn Bitcoin Staking yield that auto-compounds in BTC, up to a 2.6% target yield produced by Stacks Bitcoin Staking.
Allocation is limited, first come first serve.
ALEX Buyback and Burn: Second Progress Report
Since our first report on August 3, a further 30,125,640 $ALEX have been purchased and burned.
As of September 2, 2026:
๐ธ 42,953,414 $ALEX permanently burned: approximately 4.5% of current total supply (now 945,606,936).
๐ธ ~568,400 STX deployed: about 39% of the treasury allocation, up from 11%.
Every purchase and burn settles on-chain and is verifiable. No schedule or execution detail is published in advance.
medium.com/alexgobtc/alex-buโฆ
First Progress Report:
ALEX Buyback & Burn: July Progress Report
The buyback-and-burn program is live. STX from the closed TGP treasury is being used to purchase $ALEX on the open market, and every $ALEX purchased is permanently burned.
As of July 31, 2026:
๐ธ 12,827,774 $ALEX permanently burned โ removed from supply and cannot be reissued
๐ธ Approximately 160,700 STX deployed from the treasury allocation
๐ธ Every purchase and burn settles on-chain and is independently verifiable
Purchases are made at the Foundationโs discretion at prevailing market prices over time. Consistent with prior guidance, no schedule, size, or execution detail is published in advance.
Burns are reflected in the $ALEX total supply on-chain. Further updates will follow as the program progresses.
Full details: medium.com/alexgobtc/alex-buโฆ
Vault: SP1KK89R86W73SJE6RQNQPRDM471008S9JY4FQA62.alex-buyback
๐จ Final 15 ALEX Emission Cycles
โ๏ธ11 Hours Left to Join Cycle #395 Rewards โ๏ธ
Less than 11 hours remain to the join the next rewards cycle ๐app.alexlab.co/farm ๐งโ๐พ
Current Farming Yields + Fee Rebate for cycle #395๐
$aBTC - $aUSD 129% APR
$ALEX - $WELSH 57% APR
$STX - $ALEX 32% APR
$ALEX - $LEO 22% APR
$ALEX - $LiALEX 19% APR
Fees and yields are dynamic and can change up to the last moment.
๐ถ $WELSH @Welsh_Community leading the pack with a combined rewards of 57% ๐ฅ












