In a surprising turn of events, Stella, previously known as Alpha Finance, has defied the prevailing bearish trend in the broader crypto market, boasting a remarkable 20% surge in the early hours of this Monday.
This unexpected upswing comes without any major formal announcements, but speculation suggests that it may be linked to the team’s recent reflection on significant milestones achieved throughout the year. Notably, Stella has impressively reached a Total Value Locked (TVL) exceeding $6.5 million since its launch in late June 2023, maintaining an average daily TVL close to $6 million over the last fortnight.
.@stellaxyz_ has been building non stop throughout H2 2023.
A quick thread to recap what we have shipped over the months, and whats next 👀 pic.twitter.com/kYV3zEOyjg
— Stella💫️️ | 0% Cost Leveraged Strategies Protocol (@stellaxyz_) December 17, 2023
The platform has seen a substantial influx of activity since its inception, witnessing the opening of more than 3,500 positions. Remarkably, this has translated into an average Position Annual Percentage Rate (APR) of 156% across all strategies.
Adding to Stella’s accomplishments, the team introduced the inaugural native integration atop the @pendle_fi Automated Market Maker (AMM). This integration empowers users to leverage liquidity pools in the popular PT/SY pools built on LST.
The strategic move quickly garnered favor within the community, now accounting for nearly half of the total strategy TVL.
Stella’s Future Notable Plans To Watch Out For
Excitingly, Stella has future plans to develop on @CamelotDEX V3, presenting users with a new integration to conclude the year on a high note. This integration promises users the opportunity to capitalize on high, leveraged, and passive yields within the capital-efficient Camelot V3 ecosystem.
In the midst of a generally bearish crypto market, Stella’s resilient performance and continuous innovation showcase its potential as a standout player in the ever-evolving decentralized finance landscape. Investors and enthusiasts are eagerly anticipating further developments from Stella as it navigates the crypto market dynamics.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects.
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