Stella is a leveraged strategies protocol with 0% borrowing cost. What is Stella's mission? Stella aims to redefine how leveraged DeFi works. Why is a sound leverage system important for DeFi? DeFi needs a robust leverage system to drive more usage on DEXs and money markets, which are the fundamental building blocks of DeFi. What are the benefits of growing usage of these fundamentals? With increased usage, more protocols and innovations can emerge and tap into the deep liquidity and strong foundation.

What is Stella striving to become? Stella strives to be the go-to destination for DeFi users to access maximum yield potential. What does Stella offer to users who want to use leverage? Stella supports users with a variety of on-chain strategies on leverage, all at 0% borrowing cost.

What are the two parts of the Stella protocol? The protocol consists of Stella Strategy and Stella Lend.

Stella Strategy: Users can access multiple leveraged strategies for the first time with 0% borrowing interest and earn yields on leverage.

Stella Lend: Lenders can provide assets to the lending pools on Stella and earn real yields. The yields generated from Stella Strategy are shared with lenders.

Stella is a leveraged strategies protocol with 0% borrowing cost. Its mission is to redefine how leveraged DeFi works by providing a good leverage system for driving more usage on DEXes and money markets, the fundamental building blocks of DeFi. By increasing usage on these fundamentals, Stella aims to enable the emergence of more protocols and new innovations that can tap into deep liquidity and a robust foundation.

Stella strives to become the go-to destination for DeFi users to access maximum yield potential. It supports on-chain strategies for leverage at 0% borrowing cost, as long as they are safe enough to be supported.

The protocol consists of two parts: Stella Strategy and Stella Lend.

• Stella Strategy: Users can access multiple leveraged strategies with 0% borrowing interest for the first time and earn yields on leverage.
• Stella Lend: Lenders can lend assets to the lending pools on Stella and earn real yields. Yields generated from Stella Strategy are shared with lenders.

1. Tascha Punyaneramitdee: Project Lead - Former Head of Strategy at Band Protocol, Product Manager at Tencent, and Investment Banking Analyst at Jefferies.
2. Nipun Pitimanaaree: Tech Lead - Former Chief Research Officer at OZT Robotics.
3. Arin Trongsantipong: Product Lead - Former Software Engineer at SCB 10X, SCBC, and Cleverse.

• Stella Strategy enables users to increase their positions by borrowing funds from Stella Lend at 0% cost. This results in larger position sizes, leading to higher yields from trading fees, token rewards, or price exposure.

Unlike traditional models that accrue borrowing interest based on utilization, Stella users pay 0% borrowing interest. Stella adopts a Pay-As-You-Earn (PAYE) model. 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 serves as a platform for users seeking to lend assets and passively earn APY through in-kind token rewards without imposing a maximum cap on the lending APY. Users from Stella Strategy can borrow these lent assets to open leveraged positions. The yields generated by borrowers are shared with lenders in the form of lending APY as a result of Stellas Pay-As-You-Earn (PAYE) model.

The ALPHA token is the native token of Stella. It was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion ALPHA tokens.

According to Binances Stella paper, the total supply of ALPHA tokens is allocated as follows:

Binance Launchpad Sale: 10.00% of the total token supply
Binance Launchpool: 5.00% of the total token supply
Private Sale: 13.33% of the total token supply
Liquidity Mining: 20.00% of the total token supply
Team & Advisors: 15.00% of the total token supply
Ecosystem: 36.67% of the total token supply
Team tokens are locked until August 2021 and will be fully vested by March 2024.

As an ERC-20 token, ALPHA is backed by one of the most robust and secure blockchain networks in popular usage — Ethereum. It is kept secure by its extensive proof-of-work (POW) mining network, which uses an army of dedicated miners to maintain the integrity of the network.

Although Stella has dedicated developers and researchers, it also relies on external audits to ensure its smart contracts are secure. Stella is in the last phase of finalizing its smart contract audit with PeckShield and is also currently working with Trust 90 (tentative to complete on June 1, 2023).

Please check our Gitbook for updated information on our audit progress.

The value captured and accrued in the Stella ecosystem will be distributed to ALPHA stakers. ALPHA stakers will receive the following upon staking:

• 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 available publicly. This allows stakers to take part in high-quality projects early on.
• Voting rights on protocols proposals to participate in Stella governance.