Stella (ALPHA), formerly known as ‘Alpha Finance Lab’, is designed to connect users to various financial services, instruments and products. As a leveraged strategy protocol with a 0% cost of borrowing , this project aims to be a destination for DeFi users to access potential returns. In this article, you can find answers to many questions such as what ALPHA is, what it does, how it works, why it is different.
What is the Stella (ALPHA) Project?
Stella, the ALPHA coin project, strives to be the go-to place for leveragers and lenders to access the highest possible return potential. ALPHA coin allows users to access and leverage a variety of leveraged strategies at 0% borrowing cost, provided they are safe enough to be backed. Stella also allows lenders to lend assets to lending pools and earn real returns from leveraged strategies.
Stella Strategy users can borrow lent assets to open leveraged positions. The returns earned by borrowers are shared with lenders in the form of lending APY as a result of Stella’s ‘Pay As You Earn (PAYE)’ model. Stella also offers a range of leveraged strategies drawn from major DeFi protocols, creating expanded opportunities for users to generate returns.
ALPHA coin is used as the native token of the Stella project. ALPHA coin is the main payment method of the Stella protocol. In addition, users holding this token can earn a certain amount of the network usage fee by staking with ALPHA coins. ALPHA is also used for liquidity mining and to have a say in the governance processes of the Stella project.
How does ALPHA Coin Work?
At Stella, borrowers (also referred to as leverage) can benefit from backed DeFi strategies without incurring any borrowing costs .
Lenders can earn real returns on leverages, which are shared as lending APY. The more the leverages take, the more the lenders earn. This is made possible by Stella’s ‘Pay As You Earn’ (PAYE) model, designed to help leveragers and lenders achieve the highest return potential .
The Stella protocol consists of two parts, Stella Strategy and Stella Lend. Stella Strategy allows users to access multiple leveraged strategies with 0% borrowing interest, while Stella Lend allows lenders to lend assets to lending pools on Stella and potentially generate returns.
For a better understanding of Stella Strategy and Stella Lend, we can take a closer look at these concepts.
- Stella Strategy
Those looking to use leverage have access to a selection of multiple leveraged strategies built on various DeFi protocols. Instead of paying the lender the interest on borrowing to increase the position, those using leverage only have to share the return they earn on closing the position. This means that in the absence of earnings, there will be no payment.
- Stella Lend
Those who wish to lend can lend their assets to Stella’s lending pools and earn returns. Returns from Stella Strategy are shared with lenders. Given that the lending APY is a shared return from the leveraged, there is no maximum ceiling on the lending APY.
What Makes ALPHA Different?
The Stella project regularly researches, identifies and addresses unmet needs in the DeFi field with a focus on continuous improvement. With each new product hosted in the protocol, the Stella project actually gains a new feature. This means that not only Stella, but the DeFi ecosystem will be enriched with more use cases that can provide maximum returns and financial independence.
The most notable feature of Stella is that thanks to Stella Strategy, users can increase their positions by borrowing from Stella Lend at 0% cost. This feature allows users to pioneer larger position sizes, leading to higher returns on trading fees, token rewards or price risk.
ALPHA coin addresses interoperability and cross-chain structure, addressing the need for DeFi products to be interconnected with other networks such as BSC and Ethereum. The AlphaX product, for example, will be the first swap product of its kind based on the SushiSwap protocol model, allowing users to swap on the fly without the need to know how the whole process works in the background.
Who is the Founder of ALPHA Coin?
Stellar, the ALPHA coin, was founded in 2020 by Tascha Punyaneramitdee, formerly head of strategy at Band Protocol.
Tascha Punyaneramitdee holds a BA in Economics from the University of California and an MBA from Harvard Business School.
Prior to launching ALPHA, Punyaneramitdee was an investment banking analyst at Jefferies, a global investment banking firm, and a product manager at Tencent, a globally renowned IT company. After founding Stella (ALPHA), he launched another project, INIT Capital, to make liquidity accessible to everyone.
How Many ALPHAs in Circulation?
The total amount of ALPHA coin supply is 1 billion units. At launch, ALPHA’s initial circulating supply was 174.1 million. This figure has now reached 846 million. For those who are curious about ALPHA’s token allocation, the table below will be informative.
| Binance Launcpad | 10% of the total token supply |
| Binance Launchpool | 5% of the total token supply |
| Special Sale | 13.33% of the total token supply |
| Liquidity Mining | 20% of the total token supply |
| Edip and Counselors | 15% of the total token supply |
| Ecosystem | 36.67% of the total token supply |
How is the Stella (ALPHA) Network Protected?
ALPHA, an ERC-20 token, is powered by Ethereum, one of the most robust and secure blockchain networks in popular use. While Stella has dedicated developers and researchers, it also relies on external audits to ensure that smart contracts are secure and protected against cyberattacks.
Is There a Future for ALPHA Coin?
How the ALPHA coin will perform and develop in the coming periods actually depends on many factors. Therefore, it is not possible to draw firm conclusions. But there are some factors that will affect the future performance of the Stella project.
Since its inception, the DeFi ecosystem has been a sector of rapid development and growth. This sector enables the decentralized and open-source delivery of financial services. Stella, on the other hand, with its project, provides users with the chance to lend, provide liquidity and carry out other financial transactions with different products and services in this field. This expansion of the DeFi space could be a boon for ALPHA coin to reach a wider user base and grow its business.
The ALPHA coin’s ability to develop new products, increase the scope of its services, and improve its existing products, all the while making them better than the previous version, could help the project stand out.
It should be noted that there are many projects in the DeFi sector. This actually points to the existence of a competitive environment. The unique value propositions and new collaborations to be offered by ALPHA coin can support its differentiation in this competitive environment.
It should be remembered that changes or uncertainties in regulatory and legal factors, which may be mentioned as external factors, may also affect Stella’s future.
To summarize, the future of ALPHA coin depends on factors such as the general situation in the DeFi space, the project’s ability to move forward, the competitive conditions in the market, regulation and legal processes. Just as there will always be uncertainties in the cryptocurrency space, there will also be risks for users. For this reason, whether it is the Stella (ALPHA) project or other cryptocurrency projects, it is critical that users first do their own research, take into account the risks involved and make careful decisions at the investment stage.
Which exchanges are Stella (ALPHA) on?
When looking at “Which exchange has ALPHA coin?”, users are faced with many cryptocurrency exchanges, both centralized and decentralized. ALPHA has been listed on several cryptocurrency exchanges so far, including those with global coverage. One of these is ICRYPEX.
Easily Buy ALPHA Coin from ICRYPEX
With ICRYPEX’s ‘Easy Trade‘ feature, which focuses on speed, security and transparency, each user can trade ALPHA coins in seconds. In addition, ICRYPEX’s ‘Pro Buy and Sell‘ feature allows users to submit orders to buy and sell at prices of their choice.
