ALEX 🟧 No. 1 Bitcoin DeFi @ALEXLabBTC - Twitter Profile

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3 months ago

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: 🔸Emissions 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. 🔸 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 Foundation’s discretion at prevailing market prices over time; no start time, schedule, per-purchase size, or execution method will be published in advance. 🔸 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 protocol’s 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 🔗https://t.co/fvY05SNPXi A transparency report covering treasury disposition and buyback-and-burn activity will be published in due course.

ALEXLabBTC's tweet photo. 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:

🔸Emissions 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.

🔸 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 Foundation’s discretion at prevailing market prices over time; no start time, schedule, per-purchase size, or execution method will be published in advance.

🔸 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 protocol’s 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 🔗https://t.co/fvY05SNPXi

A transparency report covering treasury disposition and buyback-and-burn activity will be published in due course.

Brotocol

@Brotocol_xyz

3 months ago

Brotocol: Stacks Peg-Out Window Closed — 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 Brotocol’s Discord and Telegram, where the team will handle peg-out requests directly. How to peg out from here: Contact the Brotocol team via Discord (https://t.co/WJNjlILJtX) or Telegram (https://t.co/hyJJBVmFrk). 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 Brotocol’s next phase will follow in a separate announcement.

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