What is Stella?

Stella, formerly known as Alpha Finance Lab, is a protocol designed for leveraged strategies in decentralized finance (DeFi) with no borrowing costs. It aims to enhance the efficiency of leveraging within DeFi ecosystems, particularly focusing on decentralized exchanges (DEXes) and money markets. The system is composed of two main components: Stella Strategy, which allows users to access a variety of leveraged strategies, and Stella Lend, which offers lending opportunities for assets in its lending pools.

The protocol facilitates yield generation by sharing the profits from leveraged strategies with lenders. The governance model and any specifics regarding the supply cap or native chain have not been detailed. Stella's framework is intended to support safe on-chain strategies, potentially fostering further innovation and usage within the DeFi landscape.