As Stella Trade goes live on Berachain Testnet, this article serves as a deep dive on what Stella Trade is, the architecture underneath it, and how it differentiates itself from other perpetual DEXs.

Why Stella Trade

The perpetual DEX landscape is quite crowded, with liquidity fragmented across multiple chains/ platforms. While HyperLiquid is leading the charge on bringing perpetuals onchain, there are still a few reasons why traders continue to prefer trading perps on centralized exchanges —

1. Liquidity Depth — While on-chain perpetual DEXs keep spreads competitive, the liquidity depth is often much lower than orderbooks on centralized exchanges. Since liquidity begets more liquidity, it enforces strong network effects that are hard to break.
2. Assets — The number of perp assets on centralized exchanges is far more than on most DEXs. Amongst other reasons, the fact that the underlying spot assets have their main avenue of price discovery on these centralized exchanges, it gives them a lot of levy to list new perp assets first.

Stella Trade tries to build on these insights by building a hybrid model — a Central Limit Order Book (CLOB) along with a Just-In-Time (JIT) liquidity auction system. This helps Stella Trade offer the best execution for perp trades between its internal CLOB and the liquidity aggregated from different avenues using the JIT auction system. Let us look deeper into the underlying architecture.

Architecture

Stella Trade’s architecture combines the Central Limit Order Book (CLOB) framework with an advanced Just-In-Time (JIT) liquidity auction system, creating a high-performance decentralized trading environment. This hybrid model addresses the limitations of traditional DeFi trading platforms, offering a seamless blend of liquidity depth, capital efficiency, and competitive pricing.

Core Components

1. CLOB Base Layer
   The CLOB provides a foundational layer of liquidity, allowing traders to place limit orders that remain visible and accessible for takers. This ensures consistent market depth and transparency for all participants.
2. JIT Liquidity Auction Mechanism
   The JIT mechanism enhances the system’s liquidity by enabling market makers to respond dynamically to trade intents with on-demand liquidity. This component minimizes capital inefficiency and allows for competitive pricing by leveraging market maker participation in real-time.

Market makers, also called solvers or relayers in intent-based systems, can participate in the JIT Blind Auction using two distinct methods:

1. Auction via Request-For-Quotes (Free Margin)

Market makers with available free margin can directly bid in the blind auction. This enables them to provide quotes that are more competitive than the existing limit order book, ensuring they have a chance to capture taker order flow with superior pricing.

2. On-Demand Margin Reallocation

For market makers with margin locked in limit orders across other markets, the system allows for on-demand reallocation. By removing existing placed orders, market makers can reallocate their margin to participate in the blind auction for incoming taker orders. This approach maximizes capital efficiency by dynamically adjusting liquidity allocation to match active order flow.

Just-In-Time (JIT) Auction Mechanism

Auction Process Overview

Market making on Stella Trade operates on an on-demand basis, leveraging a Request-for-Quotes (RFQ) system inspired by CoW Swap. This approach ensures maximum capital efficiency, as margin is allocated exclusively to active user order flow (takers). By eliminating unnecessary capital lock-ups, Stella Trade optimizes liquidity provision across multiple perpetual trading pairs, enhancing the flexibility and efficiency of market-making.

Order Matching

1. Trade Intent Submission
   The user submits a trade intent (order) via the trading interface. This is then relayed to the Stella Trade Matching Engine.
2. Broadcast to Market Makers
   The Matching Engine sends the trade intent to integrate market makers through the RFQ Module.
3. Intent Auction
   Market makers have up to 2 seconds to participate in the auction, responding with their best firm quotes.
4. Quote Evaluation and Matching
   The Matching Engine compares the received quotes with existing order book liquidity to achieve the most competitive pricing. Partial fills from multiple market maker quotes are possible.
5. Position Execution
   Once the best quotes are selected, the respective market maker’s margin is locked, and the trade is executed. Both market makers and the user are notified of the position opening.

In cases where a market maker’s quote matches the order book price, the order book liquidity is prioritized. This incentivizes market makers to provide better quotes than those available in the order book.

Stella has been innovating at the forefront of LeverageFi for the past few years, especially around leverage yields. Now, Stella is going to see its biggest upgrade in years — with the introduction of Stella Trade.

Over the years Stella has shipped —

— The first Leverage Yield Farming protocol on Ethereum, with ATH TVL of $2B, and becoming the Binance Launchpad project of the year in 2021.

— Adding leverage LPing on Uniswap v3, becoming the only DeFi protocol to enable that till this day.

— Introduce leverage LPing on Camelot, Pendle, TraderJoe Liquidity book and other best in class yield sources.

— Introduce a new primitive, leverage at 0% cost to borrow through ‘pay as you earn’ model. It got Stella to $10M in TVL, and multiple rounds of $ARB STIP incentives by the Arbitrum DAO.

Now, Stella is going to expand its suite of Leverage products beyond Leverage yields — with the introduction of Stella Trade.

Stella Trade is going to be a new perpetuals trading platform, that allows users to get access to the best in class liquidity across centralized and decentralized exchanges. Stella Trade relies on a state of the art ‘request for quote’ mechanism to get the best quotes across different avenues, so users can get the best prices.

In the coming weeks, Stella will rollout —

— An closed beta testnet on Berachain for early users to try out, share feedback. Berachain is an Ethereum adjacent EVM L1 powered by proof of liquidity consensus mechanism. Berachain has a vibrant DeFi native community, making it an ideal playground for a LeverageFi product like Stella.

— Iterate on user feedback, and constantly ship upgrades to add new assets, improve the UX, and make quotes more competitive.

— Ship mainnet and use the 15k $BERA airdrop as incentives to bootstrap initial growth. Double down on the growth efforts of Stella Trade.

The next few months are going to be exciting, with a lot of hardwork behind the scene coming to fruition. Stella is thankful to the community for the continuous support — the best is yet to come!

Stella 🌟💫

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield. See details below.

Duration

September 5th, 8AM UTC — September 19th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 27,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from September 22nd, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

September 5th, 8AM UTC — September 19th, 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: 6k ARB will be distributed for this epoch (First come, first served basis)

Reward Claimable Date

The reward will be available to claim from September 22nd, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield. See details below.

Duration

August 22nd, 8AM UTC — September 5th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 27,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from September 8th, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

August 22nd, 8AM UTC — September 5th, 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: 6k ARB will be distributed for this epoch (First come, first served basis)

Reward Claimable Date

The reward will be available to claim from September 8th, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield.

See details below.

Duration

August 8th, 8AM UTC — August 22th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 12,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from August 25th, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

August 8th, 8AM UTC — August 22th, 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: 6k ARB will be distributed for this epoch
• On a first come, first served basis

Reward Claimable Date

The reward will be available to claim from August 25th, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield. See details below.

Duration

July 25th, 8AM UTC — August 8th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 12,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from August 11th, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

July 25th, 8AM UTC — August 8th, 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: 6k ARB will be distributed for this epoch (First come, first served basis)

Reward Claimable Date

The reward will be available to claim from August 11th, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield. See details below.

Duration

July 11th, 8AM UTC — July 25th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 12,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from July 28th, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

July 11th, 8AM UTC — July 25th, 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: 6k ARB will be distributed for this epoch (First come, first served basis)

Reward Claimable Date

The reward will be available to claim from July 28th, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella is delighted to announce the return of the StellARB Incentive Rush (ARB STIP), now LIVE on Stella! Users can now go ahead and grab your ARB rewards by lending their assets on Stella.

Stella will be receiving a total of 186k ARB from Arbitrum Foundation’s STIP Bridge Optimistic Funding vote on a bi-weekly basis, for 12 weeks. These rewards will be distributed among Stella Lend and Stella Strategy in 2 week Epochs.

In each epoch, users will be able to accumulate their ARB rewards by taking actions within each epoch. Users will be able to claim their ARB rewards 3 days after the epoch ends.

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 StellARB Incentive Rush (ARB STIP).

Lend in any of the eligible assets below to earn additional yield. See details below.

Duration

June 27th, 8AM UTC — July 11th, 8AM UTC

Reward Pool

• Extra rewards will be in ARB
• ETH (Hyper): 12,000 ARB
• USDC.e: 3,000 ARB

Reward Claimable Date

The reward will be available to claim from July 14th, 2PM UTC onwards (3 days after the epoch ends).

For Leveragoors

The program will work similarly to the previous StellARB Incentive Rush (ARB STIP).

Leveragoors who close their position before the end of phase 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

June 27th, 8AM UTC — July 11th, 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: 6k ARB will be distributed for this epoch (First come, first served basis)

Reward Claimable Date

The reward will be available to claim from July 14th, 2PM UTC onwards (3 days after the epoch ends).

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 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.

Stella has been building, iterating, and growing multiple leveraged dApps over the past 4 years, enabling us to know the ins and outs of all things in the leveraged DeFi sector. Although a leverage dApp has its own growth trajectory, we believe we can create significant innovation and generate a net positive value to the community by taking our know-how and turn it into building a robust leverage infrastructure that can power all sorts of leverage dApps on all chains.

With the growing number of L1s and L2s, an increase in liquidity fragmentation among them, as well as an increase in users’ appetite in using on-chain leverage trading platforms, LitLayer will be the omni-chain infrastructure that enables fast and seamless creation of leverage trading applications on any chain.

The transition to the new product roadmap can help the project to not only capture a much bigger market, but also get a lot more fees, which trickle down to token holders.

The objective of this proposal is to pivot from the current product of Stella (a leverage dApp) to LitLayer (leverage infrastructure protocol).

The pivot would entail rebranding, new product direction and tokenomics changes.

Check out the proposal here and visit the #governance channel in the Stella Discord for any inquiries.

The next Epoch of the Leveragoor incentive program is now LIVE on Stella!

Stella will be distributing 20% rewards on top of the positions with positive PnL after the users have closed the position.

Read on to find out more about the campaign and how you can collect these rewards.

Campaign Details

Each user who generates a positive PnL when closing their positions will be allocated 20% reward on top of the PnL generated per closed position, paid in $ALPHA.

For example: You open a position worth $1,000

• At the time of closing position, your position value becomes $1,200, generating a positive PnL of $200.
• The 20% allocated on top will be calculated as follow: $200*0.2 = $40 worth of ALPHA on top of your earned PnL.

Reward Pool

• 20k $ALPHA will be distributed in each Epoch
• Bonus reward will be in $ALPHA
• First come, first served
• Reward pool will be processed and refilled at 8AM UTC bi-weekly

Duration

Start: May 28th 8AM UTC — End: June 11th 8AM UTC

Reward Claimable Date:

The $ALPHA rewards will be claimable on 14th June, 2PM UTC.

Rewarded users can view the allocated reward details under “Your Position” page.

Note: The 20k $ALPHA reward pool is first come, first served. This means once all 20k $ALPHA are distributed, you will have to wait for the next Epoch to be rewarded.

For example: 2 Leveragoors generated the following PnL:

User A’s total generated PnL: $8,000 on Day 1

User B’s total generated PnL: $4,000 on Day 2

Let’s say the spot price of 1 $ALPHA is $0.1, distributing 20k $ALPHA, then this means $2,000 will be distributed.

The total rewards will be distributed as follows:

User A: $8,000*0.2 = $1,600 will be rewarded, therefore, receiving 16k $ALPHA.

User B: $4,000*0.2 = $800 will be rewarded, therefore, User B should receive 8k $ALPHA.

However, User A has already received 16k of the pool, meaning there are only 4k $ALPHA left. User B will only receive 4k $ALPHA, as it’s what’s left in the reward pool.

That’s all for now. Join Stella on Discord to meet other skilled degens or start using Stella to earn rewards now: https://app.stellaxyz.io

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.