Stella is delighted to announce that Epoch 8 of the StellARB Incentive Rush (ARB STIP) is now LIVE on Stella! Users can now continue to go ahead and grab your ARB rewards by lending assets and/or opening leveraged positions on Stella.
From the 186k ARB Incentives received as a part of the Arbitrum Short Term Incentives Program (STIP), Stella will be distributing these rewards between Stella Lend and Stella Strategy as follows:
Stella Lend:
- 120k ARB incentives deployed to increase lending APR to 7–12%.
Stella Strategy:
- 66k ARB incentives deployed as a 20% additional reward for profitable positions closed within each epoch.
The distribution schedule is broken down into epochs, where each epoch will last 2 weeks. In each epoch, users will be able to accumulate their ARB rewards for the epoch. After each epoch ends, there will be an independent 30 days linear vesting schedule where users can claim their ARB rewards until they receive their full amount at the end of the vesting period.
Read on to find out further details specific to this epoch for both Leveragoors and Lenders.
For Lenders
This epoch will work the same as the previous Epoch.
Lend in any of the eligible assets below to earn additional yield. See details below.
Duration
February 8, 8AM UTC — February 22, 8AM UTC
Reward Pool
- Extra rewards will be in ARB
- ETH (Hyper): 8,000 ARB
- ETH: 1,000 ARB
- USDC.e: 900 ARB
- USDT: 150 ARB
- ARB: 1,000 ARB
- USDC (Native): 100 ARB
- NEXT: 70 ARB
Reward Claimable Date
The reward will be available to claim from February 22, 2PM UTC onwards, where it will be linearly vested for 30 days. The vesting schedule for this epoch will be completed by March 23, and users can claim their rewarded ARB any time during the vesting period.
Last claimable date: 31st March, 2024
For Leveragoors
The program will work similarly to the previous Leveragoors Incentive Program.
Leveragoors who close their position before the end of Epoch 8 with a positive PnL will earn 20% extra rewards in ARB on top of their generated yield.
Note: Any remaining ARB rewards will NOT be rolled over.
Duration
February 8, 8AM UTC — February 22, 8AM UTC
Note: Users must close their positions with a positive PnL AND before the end date to be eligible for the reward.
Reward Pool
- The reward will be in ARB
- Total: 11k ARB will be distributed for this epoch
Reward Claimable Date
The reward will be available to claim from February 22, 2PM UTC onwards, where it will be linearly vested for 30 days. The vesting schedule for this epoch will be completed by March 23, and users can claim their rewarded ARB any time during the vesting period.
Last claimable date: 31st March, 2024
And on that note…
To see the full details of StellARB Incentive Rush in general, please check this article.
Now that you know the details, you are ready to go and start accumulating the last batch of ARB!
Checkout Stella app💫
About Stella Core Development Team
Previously as Alpha Finance Lab and Alpha Venture DAO, Stella core development team has pioneered in ‘leveraged DeFi’ since 2020. These developments include building the Alpha Homora, that has a peak TVL of $1.9B, first leveraged yield farming protocol, coming up and implementing key fundamental concepts such as tokenization and collateralization of LP tokens, and incubating a number of DeFi projects that went on to raise from top-tier VCs and list on tier-1 exchanges.
Under the new name (Stella) and the same token (ALPHA), the same core development team aims to double down on expertise in building an on-chain leveraged product. With Stella protocol that enables leveragoors to take leverage on various DeFi strategies with 0% cost to borrow and lenders to earn real yields without a maximum cap on lending APY, Stella aims to unlock highest yield potentials for DeFi users in this moderately low yield DeFi market.
