Stella (ALPHA Crypto) is a cryptocurrency project that aims to redefine how leveraged DeFi works. Stella allows users to access various leveraged strategies with 0% cost to borrow and get yields on leverage.
Stella also enables lenders to lend assets to the lending pools and get real yields from the leveraged strategies. In this article, we will explore the origins, profitability, current price analysis, and future outlook of Stella.
Origins
Stella was formerly known as Alpha Finance Lab, a project that was launched in September 2020 as a cross-chain DeFi platform that focuses on building an ecosystem of alpha-generating products. Alpha Finance Lab was incubated by Binance Launchpad and raised $2.5 million in a token sale. The project initially focused on creating products such as Alpha Homora, Alpha Lending, and Alpha X, which offered various features such as leveraged yield farming, lending and borrowing, and perpetual swap trading.
However, in August 2021, the project announced a major rebranding to Stella, which stands for “Strategies on Leverage”. The rebranding was motivated by the vision to create a unified protocol that offers leveraged strategies on any on-chain assets and activities. The project also introduced two new components: Stella Strategy and Stella Lend, which are the protocol’s core.
Profitability
Stella is powered by its native token, ALPHA Crypto, which has a total supply of 1 billion and a circulating supply of 822 million. ALPHA Crypto is used for various purposes within the protocol, such as:
- Paying for gas fees
- Getting discounts on fees
- Earning rewards from staking and liquidity mining
- Participating in governance and voting
- Burning to reduce supply
ALPHA Crypto holders can benefit from the growth of the protocol and the demand for leveraged strategies. As more users and assets are locked in Stella, the value of ALPHA can increase due to its utility and scarcity.
Current Price Analysis
As of September 1, 2023, the price of ALPHA is $0.07901. The market capitalization of ALPHA Crypto is $64 million. The 24-hour trading volume of ALPHA Crypto is $8mn, which is relatively low compared to other popular DeFi tokens.
About to test Horizontal support, hoping for a bounce which will follow upward trajectory.
Future Outlook
Stella has a lot of potential to become a leading leveraged strategies protocol in DeFi, as it offers a novel solution that can appeal to both borrowers and lenders. Stella also has a strong team behind it, with experience in strategy, product, and technology.
The team has also partnered with several prominent projects and platforms in the crypto space, such as Binance, Band Protocol, Compound, Curve, Uniswap, SushiSwap, Balancer, Aave, Yearn Finance, Cream Finance, Perpetual Protocol, PancakeSwap, Polygon, Harmony, Avalanche, Fantom, Solana, Terra, Cosmos, Polkadot, Kusama, Chainlink, and more.
Stella also has an ambitious roadmap for the future, which includes:
- Launching more leveraged strategies on various chains and platforms
- Integrating more assets and activities into the protocol
- Developing more products and features such as NFTs, DAOs, insurance, etc.
- Expanding the community and ecosystem through marketing and education
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