what's Stella?

Stella is a decentralized finance (DeFi) protocol specializing in leveraged strategies, enabling users to amplify their positions in liquidity pools with zero cost to borrow through its innovative Pay-As-You-Earn (PAYE) model. Built on networks like Arbitrum, it allows borrowers to access leverage without upfront interest payments, instead deducting fees from yields earned, making it efficient for yield farming and trading. The protocol supports integrations with various DEXs and assets, providing tools for lenders to earn competitive returns on supplied collateral. A key feature is the Just-In-Time (JIT) liquidity model for onchain perpetuals, which sources deep liquidity from top venues to deliver responsive fills, addressing limitations of traditional onchain trading compared to centralized exchanges. Stella evolved from Alpha Homora, rebranding to focus on advanced leverage mechanics while maintaining security through audits and a roadmap emphasizing expansions like new pool support and cross-chain capabilities. The protocol's design emphasizes accessibility for DeFi users, with a testnet for experimentation and live deployments offering up to 4x leverage on select pools. It operates as an open-source platform, fostering an ecosystem for developers and traders to optimize strategies in volatile markets.

Stella, from @meerkattown, ranks in the top 10 on the ERC-8004 agents leaderboard.

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