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About Stella
- Stella is a leveraged strategies protocol with 0% cost to borrow.
- Mission: redefine how leveraged DeFi works.
- Two parts: Stella Strategy and Stella Lend.
Core Development Team
- Tascha Punyaneramitdee: Project Lead
- Nipun Pitimanaaree: Tech Lead
- Arin Trongsantipong: Product Lead
What Makes Stella Unique?
- 0% cost to borrow
- Pay-As-You-Earn (PAY
About Stella: Pioneering the Future of Digital Assets
Introducing Stella (formerly Alpha Finance Lab): Unveiling the Essence of ALPHA
Stella is a pioneering leveraged strategies protocol that eliminates borrowing costs altogether. Stella’s mission is to revolutionize the landscape of leveraged DeFi. The DeFi ecosystem is in dire need of a robust leverage system to catalyze increased adoption on decentralized exchanges (DEXes) and money markets, the fundamental pillars of DeFi. As these foundational components experience growing traction, they will pave the way for the emergence of novel protocols and innovations, ultimately tapping into the vast, deep liquidity and robust foundation.
Stella aspires to emerge as the premier hub for DeFi enthusiasts, providing unparalleled access to optimal yield potential. By supporting a diverse range of on-chain strategies, Stella empowers users to leverage their investments, while ensuring a safe and secure experience, all at zero borrowing costs.
The protocol is comprised of two integral components: Stella Strategy and Stella Lend. *
Stella Strategy: For the first time, users can access a diverse range of leveraged strategies, boasting 0% borrowing interest, and simultaneously earning yields on leverage.
- Stella Lend: By contributing assets to Stella’s lending pools, lenders can earn tangible returns. The yields generated through Stella’s strategic approach are subsequently distributed among lenders.
Meet the Visionary Minds Behind Stella: Our Core Development Team
- Tascha Punyaneramitdee: Project Lead – A seasoned professional with a distinguished background, formerly serving as Head of Strategy at Band Protocol, Product Manager at Tencent, and Investment Banking Analyst at Jefferies.
- Nipun Pitimanaaree: Tech Lead – A renowned expert, previously holding the position of Chief Research Officer at OZT Robotics.
- Arin Trongsantipong: Product Lead – A skilled professional with a strong technical foundation, formerly a Software Engineer at SCB 10X, SCBC, and Cleverse.
Unveiling the Unparalleled Stella: A Trailblazer in the Cryptocurrency Realm
- Through Stella Strategy, users can amplify their market presence by leveraging interest-free loans from Stella Lend, thereby increasing their position sizes and, subsequently, their returns from trading fees, token rewards, and price fluctuations.
In contrast to traditional accruing borrow interest from utilization-based IRM, Stella offers a distinct advantage: users enjoy a 0% borrow interest rate. By adopting a Pay-As-You-Earn (PAYE) model, Stella ensures that when a leveraged position is closed with a positive yield, a portion of the net yield is deducted as a fee for the borrowed liquidity from Stella Lend.
- Stella Lend operates as a premier platform where users can lend assets and earn passive income in the form of in-kind token rewards, unhindered by maximum APY caps. Meanwhile, users from Stella Strategy can borrow these lent assets to establish leveraged positions. Through Stella’s innovative Pay-As-You-Earn (PAYE) model, the yields generated by borrowers are redistributed to lenders in the form of lending APY.
What Is the Circulating Supply of Stella (ALPHA) Coins?
The ALPHA token, native to Stella, was initially introduced with a circulating supply of 174.1 million tokens, representing a fraction of the total 1 billion ALPHA tokens in existence.
According to Binance’s seminal Stella paper, the total supply of ALPHA tokens is strategically allocated as follows:
Binance Launchpad Sale: 10.00% of the total token supply is allocated to Binance Launchpool, while 5.00% is reserved for Binance Launchpool. The Private Sale accounts for 13.33% of the total token supply. Furthermore, 20.00% is designated for Liquidity Mining, and 15.00% is allocated to the Team & Advisors. The Ecosystem receives a substantial 36.67% of the total token supply. Notably, Team tokens are subject to a lock-up period until August 2021, with full vesting expected by March 2024.
The Stella Network’s Robust Security Framework: A Comprehensive Overview
As an ERC-20 token, ALPHA is underpinned by the robust and secure Ethereum blockchain network, renowned for its widespread adoption. The integrity of this network is meticulously maintained by a vast, decentralized proof-of-work (POW) mining infrastructure, which leverages the collective efforts of a dedicated army of miners.
Notwithstanding its team of dedicated developers and researchers, Stella also recognizes the importance of external validation, and thus, has engaged reputable third-party auditors to scrutinize its smart contracts for security vulnerabilities. Currently, Stella is in the final stages of completing its smart contract audit with PeckShield, and concurrently, is collaborating with Trust 90, with a tentative completion date set for June 1, 2023.
For the latest updates on our audit progress, kindly refer to our Gitbook.
Unlocking the Potential of Stella (ALPHA) Token Holdings
The value generated and accrued within the Stella ecosystem will be redistributed to ALPHA stakers. By participating in the staking process, ALPHA stakers will be entitled to receive the following benefits: protocol fees generated by the Stella protocol, regardless of the underlying blockchain or layer-2 solutions utilized. Additionally, they will have access to tokens from previously incubated projects once they become publicly available, thereby enabling stakers to participate in high-quality projects at an early stage. Furthermore, stakers will be granted voting rights, empowering them to contribute to Stella’s governance by participating in protocol proposals.
Thriving Ecosystem
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Annex
Comprehensive Website Documentation: ERC20 Explorer & BEP20 Explorer