Stella
  • Overview
    • 🌠Getting Started
    • 🤝Pay-As-You-Earn (PAYE) Model
  • Protocol Mechanism
    • ❓How Stella Works?
    • 🚀Stella Strategy
      • Why Stella Strategy is Unique?
      • Strategy Type
      • Asset Type
      • Strategy Exposure
      • Collateral Factor
      • Borrow Factor
      • Credits
      • Price Range & Liquidity Shape
      • Liquidation
        • Liquidation Discount
        • Post-Liquidation Value
        • Pendle/Penpie Liquidation Price
      • Price Impact
      • Leverage
      • Supported Strategies
    • 🏦Stella Lend
      • Why Stella Lend is Unique?
      • Pool Type
      • Supported Assets
      • Yield Vault
      • Withdrawal Delay
    • 💰Yield Calculation
      • PAYE Graph
      • Yield Sharing
    • ⚠️Risk Framework
      • Precautionary Measures
      • Slow Mode
  • App Guide
    • Walkthrough Stella APP
    • Open a position
    • Close a Position
    • View Your Position
    • Add/Remove Extra Collateral
    • Claim Assets from Liquidated Position
    • Deposit & Withdraw Assets
  • Developers
    • 📃Contract Addresses
      • Core
      • Stella Strategy
      • Stella Lend
      • Oracle
    • 📜Contract ABI
    • ⚙️API
  • Tokenomics
    • 🎯ALPHA Token
    • ⚡Staking & Protocol Fees
    • 👥Token Distribution
  • Additional Information
    • 🟠About Stella
    • 🔎Audit Reports
    • 📣Community Links
    • 📸Media Kit
    • ❔FAQ
    • 📖Terms of Use
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On this page
  • Collateral Factor by LP
  • Extra Collateral
  1. Protocol Mechanism
  2. Stella Strategy

Collateral Factor

Stella uses the concept of LP as collateral to enable undercollateralized loans. By assigning a collateral factor to each LP, the protocol can determine how much credit is gained from collateralizing an asset. An LP's collateral factors depend on the volatility, trustworthiness, and data backtesting of relevant assets.

Collateral Factor by LP

The same collateral factor will be applied to the same LP at every fee tier.

LP Token
Protocol
Collateral Factor

WETH/USDC.e

Uniswap V3

0.92

WETH/USDT

Uniswap V3

0.92

WETH/ARB

Uniswap V3

0.92

ARB/USDC.e

Uniswap V3

0.92

WETH/WBTC

Uniswap V3

0.92

RDNT/WETH

Uniswap V3

0.92

PENDLE/WETH

Uniswap V3

0.92

WETH/GMX

Uniswap V3

0.92

STG/WETH

Uniswap V3

0.92

GNS/WETH

Uniswap V3

0.92

GNS/USDC.e

Uniswap V3

0.92

JOE/WETH

Trader Joe V2

0.92

WETH/USDC.e

Trader Joe V2

0.92

ARB/WETH

Trader Joe V2

0.92

eETH Sep-26-2024

Penpie

0.95

rsETH Sep-26-2024

Penpie

0.95

wstETH Jun-26-2025

Penpie

0.95

Extra Collateral

Stella allows user to add extra collateral to help better a position's Debt Ratio. Extra collateral can be any token within an asset pair/LP. These newly added collaterals will not be taken into account when calculating the position's yield.

Asset
Collateral Factor

WETH

0.92

USDC

0.92

USDT

0.92

ARB

0.92

WBTC

0.92

RDNT

0.92

GMX

0.92

PENDLE

0.92

JOE

0.92

STG

0.92

GNS

0.92

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Last updated 10 months ago

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