Stella, previously known as Alpha Finance Lab, is emerging as a groundbreaking protocol in the decentralized finance (DeFi) ecosystem. Designed to offer zero-interest borrowing and advanced leveraged strategies, Stella addresses a critical gap in the DeFi space: efficient, accessible leverage without the burden of interest costs. With deep liquidity pools and a strong technical foundation, Stella empowers users to amplify their positions while maintaining capital efficiency—all in a fully decentralized environment.
Backed by a talented team and anchored by its native utility token, ALPHA, Stella is positioning itself at the forefront of next-generation DeFi innovation. Whether you're a yield-seeking lender or a strategist looking to maximize returns through leverage, Stella offers tailored pathways for participation.
👉 Discover how DeFi protocols are redefining financial leverage today.
What Is Stella?
Stella is a DeFi protocol currently operating on testnet, with the core mission of enabling zero-interest leveraged strategies. Unlike traditional margin systems that charge compounding interest, Stella allows users to borrow assets without ongoing interest fees—making it an attractive option for sophisticated traders and yield optimizers.
At the heart of the platform is the ALPHA token, which grants access to on-chain leveraged strategies and facilitates governance, staking rewards, and transactional functions. Beyond borrowing, Stella also supports yield generation for lenders through dedicated lending pools. This dual mechanism creates a balanced ecosystem where both borrowers and lenders benefit from strategic capital deployment.
The protocol emphasizes security, scalability, and decentralization—key pillars for long-term sustainability in the fast-evolving DeFi landscape.
The Core Team Behind Stella
The success of any blockchain project hinges on its team, and Stella is led by experienced professionals with backgrounds in finance, technology, and product development.
- Tascha Punyaneramitdee – Project Lead
With prior roles as Head of Strategy at Band Protocol, Product Manager at Tencent, and Investment Banking Analyst at Jefferies, Tascha brings a unique blend of fintech expertise and strategic vision to Stella. - Nipun Pitimanaaree – Tech Lead
Former Chief Research Officer at OZT Robotics, Nipun leads the technical architecture and innovation behind the protocol, ensuring robust smart contract design and system reliability. - Arin Trongsantipong – Product Lead
A seasoned software engineer with experience at SCB 10X, SCBC, and Cleverse, Arin drives user-centric product development to ensure seamless interaction with the platform.
This combination of financial acumen, technical depth, and product excellence positions Stella for sustained innovation in the DeFi space.
How Does Stella Work?
Stella operates through two integrated components: Stella Strategy and Stella Lend. These modules work in tandem to create a self-sustaining ecosystem where leverage and yield coexist efficiently.
Stella Strategy: Zero-Interest Leverage for Strategists
Strategists—users who deploy capital into leveraged positions—can borrow assets from the protocol at zero interest. Instead of paying periodic interest, borrowers are subject to liquidation mechanisms if their positions fall below required collateral ratios.
The key innovation lies in how yields are shared:
- Strategists earn returns from their leveraged positions (e.g., yield farming, arbitrage, or trading).
- A portion of these generated yields is distributed back to lenders, creating a win-win dynamic.
- This model removes interest rate friction while still incentivizing liquidity provision.
Stella Lend: Earn Yield by Providing Liquidity
Lenders contribute their assets to pooled liquidity reserves within the Stella Lend module. In return, they earn passive income derived from:
- Performance fees from successful strategies
- Shared yields generated by leveraged positions
- Protocol incentives and staking rewards
By aligning lender incentives with strategist performance, Stella fosters a cooperative rather than adversarial relationship between capital providers and users.
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The ALPHA Token: Utility and Governance
The ALPHA token is the lifeblood of the Stella ecosystem. With a total supply capped at 1 billion tokens, ALPHA serves multiple critical functions across the protocol.
As of launch, approximately 174.1 million tokens entered circulation. Over time, the majority of the supply has been released through various channels designed to promote decentralization and long-term engagement.
Key Use Cases of ALPHA
- Transaction Fees & Access
ALPHA is used to pay for on-chain actions such as opening or closing leveraged positions, accessing premium strategies, and interacting with governance proposals. - Staking Rewards
Users can stake ALPHA to earn a share of protocol fees and rewards from incubated projects. This creates an additional income stream beyond basic token holding. - Governance Rights
ALPHA holders can vote on key decisions including parameter adjustments, new strategy approvals, treasury allocations, and upgrades to the protocol’s architecture. - Exclusive Privileges
Holding a significant amount of ALPHA may unlock early access to token launches, private sales, or special features within future iterations of the platform.
As Stella evolves, the utility of ALPHA is expected to expand—potentially integrating into cross-chain operations, insurance mechanisms, or advanced risk management tools.
ALPHA Token Distribution
Transparency in token allocation is crucial for trust and decentralization. Stella follows a well-structured distribution plan:
- 34.67% – Ecosystem Contributors
Allocated to developers, partners, and community contributors who help grow the Stella network. - 20% – Liquidity Mining
Distributed to early adopters who provide liquidity and help bootstrap the protocol’s usage. - 19.5% – Team and Advisors
Reserved for core team members and strategic advisors, typically vested over time to ensure long-term commitment. - 10.83% – Private Sale
Raised from select investors during early funding rounds. - 10% – Public Sale
Made available to retail participants to encourage broad ownership. - 5% – Launchpool Incentives
Used to reward users who participate in initial yield programs on partner platforms.
This distribution model prioritizes ecosystem growth and community involvement over centralized control.
The Future of Stella in DeFi
Stella is not just another leverage protocol—it aims to redefine how leveraged strategies function in decentralized finance. As adoption grows, stakers and lenders are expected to earn increasingly higher yields due to rising activity across leveraged positions.
Looking ahead, potential developments include:
- Expansion to multiple blockchains for broader reach
- Integration with synthetic assets and perpetual markets
- Enhanced risk modeling using on-chain analytics
- Decentralized insurance pools backed by staked ALPHA
By focusing on capital efficiency, user empowerment, and sustainable yield generation, Stella is well-positioned to become a cornerstone of advanced DeFi infrastructure.
Frequently Asked Questions (FAQ)
Q: What happened to Alpha Finance Lab?
A: Alpha Finance Lab has rebranded to Stella. The new identity reflects an evolved vision focused on scalable, zero-interest leverage solutions in DeFi.
Q: Can I earn yield with ALPHA tokens?
A: Yes. You can stake ALPHA to earn rewards from protocol fees and incubated project tokens.
Q: Is borrowing on Stella truly interest-free?
A: Yes. There are no recurring interest charges. However, positions must maintain sufficient collateral to avoid liquidation.
Q: Where can I buy ALPHA tokens?
A: ALPHA is available on major cryptocurrency exchanges that support DeFi tokens. Always verify listings through official channels.
Q: How does Stella generate returns for lenders?
A: Lenders earn a share of the yields produced by successful leveraged strategies deployed on Stella Strategy.
Q: Is Stella available on mainnet yet?
A: As of now, Stella is operating on testnet. Mainnet launch details will be announced by the official team when ready.
With its innovative approach to leverage and yield sharing, Stella represents a bold step forward in DeFi evolution. As the ecosystem matures, it could set a new standard for how decentralized protocols handle risk, reward, and capital efficiency.
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