{"id":49412,"date":"2025-08-29T14:34:10","date_gmt":"2025-08-29T11:34:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=49412"},"modified":"2025-08-29T14:35:32","modified_gmt":"2025-08-29T11:35:32","slug":"stella-alpha-leveragefi-defi-platform","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/","title":{"rendered":"What is Stella (ALPHA)? LeverageFi-Focused DeFi Platform"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>Stella<\/strong> is a comprehensive ecosystem built around LeverageFi products. Previously known as <strong>Alpha Finance Lab<\/strong>, the project rebranded to Stella and continues its journey under the new name.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The project consists of two main product lines:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Stella Trade: Offers perpetual (Perps) trading via a hybrid Central Limit Order Book (CLOB) combined with Just-in-Time (JIT) liquidity auctions.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Stella Yield: Provides leveraged yield strategies with a Pay-As-You-Earn (PAYE) model at 0% borrowing cost.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Stella aims to provide scalable, efficient, and secure DeFi solutions for both individual and institutional investors in leveraged trading and lending.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49414 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella_landing-1024x512.png\" alt=\"\" width=\"702\" height=\"351\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella_landing-1024x512.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella_landing-300x150.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella_landing-768x384.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella_landing.png 1500w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Team_and_Founders\" title=\"Team and Founders\u00a0\">Team and Founders\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Investors_and_Partnerships\" title=\"Investors and Partnerships\u00a0\">Investors and Partnerships\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Project_Concept\" title=\"Project Concept\u00a0\">Project Concept\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#How_Stella_Works\" title=\"How Stella Works\u00a0\">How Stella Works\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#ALPHA_Token_Overview\" title=\"ALPHA Token Overview\u00a0\">ALPHA Token Overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Token_Details\" title=\"Token Details\u00a0\">Token Details\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Token_Distribution\" title=\"Token Distribution\u00a0\">Token Distribution\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Ecosystem\" title=\"Ecosystem\u00a0\">Ecosystem\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Roadmap\" title=\"Roadmap\u00a0\">Roadmap\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/#Social_Media_and_Links\" title=\"Social Media and Links\">Social Media and Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Team_and_Founders\"><\/span><span data-contrast=\"auto\">Team and Founders<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">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.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49415 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-team-1024x361.png\" alt=\"\" width=\"766\" height=\"270\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-team-1024x361.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-team-300x106.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-team-768x271.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-team.png 1059w\" sizes=\"auto, (max-width: 766px) 100vw, 766px\" \/><\/p>\n<p><span data-contrast=\"auto\">The core team previously developed Alpha Homora, reaching $1.9B TVL in DeFi, demonstrating strong expertise in LeverageFi.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Key Contributors: Developers behind the first leveraged yield farming protocol.<\/span><br \/>\n<span data-contrast=\"auto\"> Past Achievements: Tokenization of LP tokens, collateralization models, incubation of multiple successful DeFi projects.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The team aims to expand the LeverageFi ecosystem with 0% borrowing cost and the PAYE model under the Stella brand.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors_and_Partnerships\"><\/span><span data-contrast=\"auto\">Investors and Partnerships<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\"><strong>Stella (ALPHA)<\/strong> boasts a strong investor network:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Fundraising via Binance Launchpad &amp; Launchpool<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Previous incubated projects attracted top-tier VCs (e.g., Beta Finance, pSTAKE Finance, GuildFi)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ecosystem partnerships with DeFi protocols and market-making infrastructures<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49416 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-partner-1024x341.png\" alt=\"\" width=\"761\" height=\"253\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-partner-1024x341.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-partner-300x100.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-partner-768x255.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-partner.png 1476w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Project_Concept\"><\/span><span data-contrast=\"auto\">Project Concept<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Stella\u2019s main goals:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Redefine DeFi lending<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Align interests of lenders and leveraged users via the PAYE model<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ensure \u201cno profit, no payment\u201d borrowing<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Provide a perpetual trading platform with CEX speed + DEX security via hybrid architecture<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49417 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-trade-1024x330.png\" alt=\"\" width=\"715\" height=\"230\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-trade-1024x330.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-trade-300x97.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-trade-768x247.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-trade.png 1501w\" sizes=\"auto, (max-width: 715px) 100vw, 715px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Stella_Works\"><\/span><span data-contrast=\"auto\">How Stella Works<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Stella Trade<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Hybrid Architecture: On-chain security + off-chain liquidity<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">JIT Liquidity: Market makers provide capital on-demand, increasing capital efficiency<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">CLOB Infrastructure: Combines advantages of traditional order books and intent-based models<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Stella Yield<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">0% Borrowing Cost: Users pay no interest on leveraged positions<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">PAYE Model: Protocol shares a portion of profits; no payment if loss occurs<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Diverse Strategies: Integrated leveraged yield opportunities across DeFi protocols<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49419 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/yield.png\" alt=\"\" width=\"773\" height=\"240\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/yield.png 1509w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/yield-300x93.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/yield-1024x318.png 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/yield-768x239.png 768w\" sizes=\"auto, (max-width: 773px) 100vw, 773px\" \/><\/p>\n<p><span data-contrast=\"auto\">Stella Lend<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Passive Income: Lenders earn yields from leveraged users<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Unlimited APY: Direct share of leveraged trading returns<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Risk Management: Strategy-based borrowing limits and smart contract security<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49418 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Lend.png\" alt=\"\" width=\"721\" height=\"335\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Lend.png 934w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Lend-300x139.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Lend-768x357.png 768w\" sizes=\"auto, (max-width: 721px) 100vw, 721px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"ALPHA_Token_Overview\"><\/span><span data-contrast=\"auto\">ALPHA Token Overview<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">ALPHA is Stella\u2019s governance and staking token, designed to ensure protocol sustainability, incentivize users, and empower the DAO.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Governance: ALPHA holders vote on protocol development via DAO<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Staking: Users earn sALPHA, gaining voting rights and a share of protocol revenue<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ecosystem Incentives: Early access and exclusive rewards for new projects<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Use Cases: Transaction fees, liquidity provision, and strategy participation in Stella products<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49420 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-coin-1024x606.jpg\" alt=\"\" width=\"731\" height=\"432\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-coin-1024x606.jpg 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-coin-300x178.jpg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-coin-768x455.jpg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-coin.jpg 1132w\" sizes=\"auto, (max-width: 731px) 100vw, 731px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Token_Details\"><\/span><span data-contrast=\"auto\">Token Details<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Name: ALPHA<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\"><strong>Total Supply<\/strong>: 1,000,000,000 ALPHA<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Circulating Supply: 935,000,000 ALPHA<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Chain: Ethereum Mainnet (ERC-20)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Type: Governance Token<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49422 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-token.png\" alt=\"\" width=\"813\" height=\"343\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-token.png 896w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-token-300x127.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/alpha-token-768x324.png 768w\" sizes=\"auto, (max-width: 813px) 100vw, 813px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Token_Distribution\"><\/span><span data-contrast=\"auto\">Token Distribution<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><span data-contrast=\"auto\">Binance Launchpad: 10%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Binance Launchpool: 5%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Private Sale: 13.33%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Liquidity Mining: 20%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Team &amp; Advisors: 15%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Ecosystem: 36.67%<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49421 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Token-Allocation.png\" alt=\"\" width=\"768\" height=\"654\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Token-Allocation.png 966w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Token-Allocation-300x256.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Token-Allocation-768x654.png 768w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ecosystem\"><\/span><span data-contrast=\"auto\">Ecosystem<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">Stella is more than a leveraged protocol\u2014it\u2019s the hub of LeverageFi.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Key Ecosystem Components:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Stella Trade (Perps + JIT liquidity)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Stella Yield (0% borrow + PAYE)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Stella Lend (unlimited APY lending)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">DAO Governance (ALPHA staking)<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Incubation of new DeFi projects<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">Notable Features:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">0% Borrowing Cost \u2013 Pay only when profitable<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Hybrid CLOB + JIT Architecture \u2013 CEX-level speed + DEX security<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">PAYE Model \u2013 Fair revenue sharing<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Risk Management \u2013 Strategy-based borrowing limits<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Multi-Chain Future \u2013 Expanding protocol integrations<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">DAO Governance \u2013 Community-driven development<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-49423 \" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Strategy.png\" alt=\"\" width=\"762\" height=\"414\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Strategy.png 1018w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Strategy-300x163.png 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/Stella-Strategy-768x417.png 768w\" sizes=\"auto, (max-width: 762px) 100vw, 762px\" \/><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Roadmap\"><\/span><span data-contrast=\"auto\">Roadmap<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-contrast=\"auto\">2025<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">Expanded chain integrations for Stella Trade<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">PAYE model applied to multiple DeFi protocols<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-contrast=\"auto\">2026\u20132027<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<ul>\n<li><span data-contrast=\"auto\">More cross-chain integrations<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Infrastructure for institutional investors<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Long-Term<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Global <a href=\"https:\/\/coinengineer.net\/blog\/category\/project-review\/defi-projects\/\">DeFi<\/a>\/CeFi bridges<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<li><span data-contrast=\"auto\">Advanced DAO governance<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Social_Media_and_Links\"><\/span>Social Media and Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><a href=\"https:\/\/stellaxyz.io\/\">Website<\/a><\/li>\n<li><a href=\"https:\/\/discord.gg\/BcVquv4DMR\">Discord<\/a><\/li>\n<li><a href=\"https:\/\/x.com\/stellaxyz_\">Twitter<\/a><\/li>\n<li><a href=\"https:\/\/t.me\/Stellaxyz_io\">Telegram<\/a><\/li>\n<\/ul>\n<p><script type=\"text\/javascript\" src=\"https:\/\/files.coinmarketcap.com\/static\/widget\/currency.js\"><\/script><\/p>\n<div class=\"coinmarketcap-currency-widget\" data-currencyid=\"7232\" data-base=\"USD\" data-secondary=\"\" data-ticker=\"true\" data-rank=\"true\" data-marketcap=\"true\" data-volume=\"true\" data-statsticker=\"true\" data-stats=\"USD\"><\/div>\n<p><span data-ccp-props=\"{}\"> <em>Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram<\/strong>,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube\u00a0<\/strong><\/a>and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stella is a comprehensive ecosystem built around LeverageFi products. Previously known as Alpha Finance Lab, the project rebranded to Stella and continues its journey under the new name.\u00a0 The project consists of two main product lines:\u00a0 Stella Trade: Offers perpetual (Perps) trading via a hybrid Central Limit Order Book (CLOB) combined with Just-in-Time (JIT) liquidity<\/p>\n","protected":false},"author":36,"featured_media":49413,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[22965,22969,18408,22970,22964,22967,22968,22963,22966,15917],"class_list":["post-49412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-0-borrowing","tag-alpha-token","tag-dao-governance","tag-defi-incubation","tag-defi-trading","tag-hybrid-clob","tag-jit-liquidity","tag-leveragefi","tag-paye-yield","tag-perpetual-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is Stella (ALPHA)? 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LeverageFi-Focused DeFi Platform - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Discover Stella (ALPHA), a DeFi LeverageFi ecosystem offering, PAYE yield strategies, and hybrid CLOB + JIT perpetual trading.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-29T11:34:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-29T11:35:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/08\/stella-projesi-nedir-ce.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yeliz Akmaca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yeliz Akmaca\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/stella-alpha-leveragefi-defi-platform\/\",\"name\":\"What is Stella (ALPHA)? 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