# About Stella

Stella core contributors have built in **‘leveraged DeFi’ since 2020**. These developments include building the **first leveraged yield farming protocol**, Alpha Homora, that has a peak **TVL of $1.9B**, 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 the expertise in building an on-chain leveraged product. With Stella’s 0% cost to borrow and Pay-As-You-Earn model, for the first time, align incentives between borrowers (or “leveragoors”) and lenders, presenting a whole new and better way of how leveraged DeFi should be – a way that one party does not lose when the other party gains.