Stella

Halal Rating :
Questionable
Last Price $0.11 Last updated:
Rank 446
1D Change 0.22 %
Market Cap $98.46m
Circulating supply 870,000,000
Maximum supply 1,000,000,000

Crypto Overview

Categories
  • DeFi
  • Yield Farming
  • Yield Aggregator
  • Binance Launchpool
  • DeFiance Capital Portfolio
  • Alameda Research Portfolio
  • Multicoin Capital Portfolio
  • Spartan Group
  • Injective Ecosystem
  • BNB Chain
  • Optimism Ecosystem

What is Stella (Previously Alpha Finance Lab) (ALPHA)? Stella is the leveraged strategies protocol with 0% cost to borrow. Stella’s mission is to redefine how leveraged DeFi works. 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 strives to become the go-to destination for DeFi users to access maximum yield potential. Whatever on-chain strategies that users want to use on leverage (and safe enough to be supported), then Stella will support at 0% cost to borrow. The protocol is made up of two parts: Stella Strategy and Stella Lend. Stella Strategy: Users can access multiple selections of leveraged strategies with 0% borrowing interest for the first time and get yields on leverage. Stella Lend: Lenders can lend assets to the lending pools on Stella and get real yields. Yields generated from Stella Strategy are shared to lenders.

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.

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Justification for our Halal Rating