At Stella, users can access on-chain leveraged strategies with 0% borrowing cost that have high yield potential and capital efficiency. Lenders can earn real yield from the borrowing fees.
Stella is rebranded from Alpha Venture DAO.
ALPHA is the native token of the project. Staking ALPHA will allow token holders to have access to:
Protocol fees from Stella protocol, regardless of which chains or layer-2 solutions Stella is built on.
Tokens of the past incubated projects when the tokens become publicly available. This allows stakers to take part in high-quality Web 3.0 projects early on.
Voting rights on protocol’s proposals to participate in Stella governance.
The project consists of the following major components working in conjunction:
Stella Strategy: Access multiple selections of leveraged strategies built on top of various DeFi protocols and increase their positions by borrowing funds from Stella Lend at 0% cost.
Stella Lend: Lend assets and passively earn APY from yields generated by borrowers on Stella Strategy through in-kind token rewards without putting a maximum cap on the lending APY.
As at June 9th 2023, the total supply of ALPHA is 1,000,000,000,000 and the circulating supply is 798,000,000 (~79.80% of total token supply).
Learn more about the token distribution of ALPHA here.