Stella
Crypto Overview
Project Overview
Alpha is a DeFi protocol that serves as a marketplace for yield farming opportunities across multiple blockchain networks. The platform aims to aggregate and simplify access to DeFi yield strategies through their Alpha Homora and Alpha Tokenomics products.
Intended Utility
The ALPHA token is designed to serve as a governance token for the Alpha protocol, allowing holders to participate in decision-making regarding protocol parameters, fee structures, and new feature implementations. It also provides utility through staking mechanisms where users can earn protocol fees.
Actual Implementation
The protocol demonstrates active development and real utility, with verifiable on-chain activity showing consistent usage of their yield farming and leveraged yield farming products. The development team maintains regular updates and improvements to the protocol's infrastructure.
Token Distribution and Governance
The initial token distribution allocated 30% to the team and advisors with a 3-year vesting period, 20% for ecosystem development, 25% for community incentives, and 25% for public sale participants. These vesting schedules and lock-up periods demonstrate commitment to long-term development.
Crypto Impact
To assign a comfort level investing in Stella from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Stella.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.