The project consists of two main product lines: 

• Stella Trade: Offers perpetual (Perps) trading via a hybrid Central Limit Order Book (CLOB) combined with Just-in-Time (JIT) liquidity auctions. 
• Stella Yield: Provides leveraged yield strategies with a Pay-As-You-Earn (PAYE) model at 0% borrowing cost. 
• Stella aims to provide scalable, efficient, and secure DeFi solutions for both individual and institutional investors in leveraged trading and lending. 

Team and Founders 

Stella was founded in 2020 by Tascha Punyaneramitdee, who previously served as Strategy Head at Band Protocol and has extensive experience in traditional finance and blockchain. 

The core team previously developed Alpha Homora, reaching $1.9B TVL in DeFi, demonstrating strong expertise in LeverageFi. 

Key Contributors: Developers behind the first leveraged yield farming protocol.
Past Achievements: Tokenization of LP tokens, collateralization models, incubation of multiple successful DeFi projects. 

The team aims to expand the LeverageFi ecosystem with 0% borrowing cost and the PAYE model under the Stella brand. 

Investors and Partnerships 

Stella (ALPHA) boasts a strong investor network: 

• Fundraising via Binance Launchpad & Launchpool 
• Previous incubated projects attracted top-tier VCs (e.g., Beta Finance, pSTAKE Finance, GuildFi) 
• Ecosystem partnerships with DeFi protocols and market-making infrastructures 

Project Concept 

Stella’s main goals: 

• Redefine DeFi lending 
• Align interests of lenders and leveraged users via the PAYE model 
• Ensure “no profit, no payment” borrowing 
• Provide a perpetual trading platform with CEX speed + DEX security via hybrid architecture 

How Stella Works 

Stella Trade 

• Hybrid Architecture: On-chain security + off-chain liquidity 
• JIT Liquidity: Market makers provide capital on-demand, increasing capital efficiency 
• CLOB Infrastructure: Combines advantages of traditional order books and intent-based models 

Stella Yield 

• 0% Borrowing Cost: Users pay no interest on leveraged positions 
• PAYE Model: Protocol shares a portion of profits; no payment if loss occurs 
• Diverse Strategies: Integrated leveraged yield opportunities across DeFi protocols 

Stella Lend 

• Passive Income: Lenders earn yields from leveraged users 
• Unlimited APY: Direct share of leveraged trading returns 
• Risk Management: Strategy-based borrowing limits and smart contract security 

ALPHA Token Overview 

ALPHA is Stella’s governance and staking token, designed to ensure protocol sustainability, incentivize users, and empower the DAO. 

• Governance: ALPHA holders vote on protocol development via DAO 
• Staking: Users earn sALPHA, gaining voting rights and a share of protocol revenue 
• Ecosystem Incentives: Early access and exclusive rewards for new projects 
• Use Cases: Transaction fees, liquidity provision, and strategy participation in Stella products 

Token Details 

• Name: ALPHA 
• Total Supply: 1,000,000,000 ALPHA 
• Circulating Supply: 935,000,000 ALPHA 
• Chain: Ethereum Mainnet (ERC-20) 
• Type: Governance Token 

Token Distribution 

• Binance Launchpad: 10% 
• Binance Launchpool: 5% 
• Private Sale: 13.33% 
• Liquidity Mining: 20% 
• Team & Advisors: 15% 
• Ecosystem: 36.67% 

Ecosystem 

Stella is more than a leveraged protocol—it’s the hub of LeverageFi. 

Key Ecosystem Components: 

• Stella Trade (Perps + JIT liquidity) 
• Stella Yield (0% borrow + PAYE) 
• Stella Lend (unlimited APY lending) 
• DAO Governance (ALPHA staking) 
• Incubation of new DeFi projects 

Notable Features: 

• 0% Borrowing Cost – Pay only when profitable 
• Hybrid CLOB + JIT Architecture – CEX-level speed + DEX security 
• PAYE Model – Fair revenue sharing 
• Risk Management – Strategy-based borrowing limits 
• Multi-Chain Future – Expanding protocol integrations 
• DAO Governance – Community-driven development 

Roadmap 

2025 

• Expanded chain integrations for Stella Trade 
• PAYE model applied to multiple DeFi protocols 

2026–2027 

• More cross-chain integrations 
• Infrastructure for institutional investors 
• Long-Term 
• Global DeFi/CeFi bridges 
• Advanced DAO governance 

Social Media and Links

• Website
• Discord
• Twitter
• Telegram

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The post What is Stella (ALPHA)? LeverageFi-Focused DeFi Platform appeared first on Coin Engineer.