Stella
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FAQ

Q1: What will happen to $ALPHA with this rebrand?
A: No major changes will happen to $ALPHA. Additionally, after the launch of Stella, $ALPHA will accrue protocol fees from Stella from all L1 and L2 that Stella will launch on.
When borrowers (leveragoors) from Stella generate yield from their leveraged positions and Stella takes the yield cut through the Pay-As-You-Earn model, 20% of these yield cuts are collected as protocol fees.
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Q2: Will your project be rebranded/updated on Binance/Coingecko/CMC?
A: All platforms are going through their internal process of making this change. This may take a while to process on their end.
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Q3: Are the team members still the same as Alpha?
A: Yes, core contributors remain the same with Tascha as Project Lead, Nipun as Tech Lead and Arin as Product Lead.
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Q4: What is the purpose of rebranding Alpha to Stella?
A: Alpha is adapting its mission to better drive forward the DeFi industry that has changed drastically the past few years. Instead of being a DeFi lab, experimenting, building DeFi products, and incubating external DeFi projects, Alpha's new mission is to redefine how 'leveraged DeFi' works and build a good leverage system through Stella in order to drive the next growth phase of DeFi.
DeFi needs a good leverage system in order to drive more usages on DEXes and money markets, the fundamental building blocks of DeFi. With growing usages on these fundamentals, more protocols and new innovations can arise and tap into the deep liquidity and robust foundation. 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 – the way that one party does not lose when the other party gains.
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Q5: What impact will this rebrand have on current Alpha holders and stakers?
A: There will be more fee accrual to staking system as product gain traction and leveraged positions are making yields.
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Q6: Is there a change in token allocation to team members as part of the rebrand?
A: No, token allocation has not changed since inception. You can always refer to Binance research page here: https://research.binance.com/en/projects/alpha-finance-lab​
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Q7: Is there a possibility of an airdrop for early users?
A: No promises on airdrop, but we will be announcing a NFT giveaway campaign soon. Stay tuned.
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Q8: Where can I look into more details of how this model will work?
A: Users can refer to our gitbook for the full documentation details: https://docs.stellaxyz.io​
Alternatively, users can check out the introduction blog on the PAYE model directly on our Medium: https://medium.com/@stellaxyz_/introducing-leveraged-strategies-with-0-cost-to-borrow-through-pay-as-you-earn-paye-model-the-3130dcbc3845​
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Q9: What is included in this rebrand? Token change too?
A: Project name, project mission, protocol name, project logo, project branding change. Token will remain the same ($ALPHA token).
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Q10: Will there be any changes to the staking system?
A: No, the staking system will remain the same. After the launch of Stella, $ALPHA will accrue protocol fees from Stella from all L1 and L2 that Stella will launch on.
When borrowers (leveragoors) from Stella generate yield from their leveraged positions and Stella takes the yield cut through the Pay-As-You-Earn model, 20% of these yield cuts are collected as protocol fees.