ALPHA is a leveraged strategy protocol with a borrowing cost of 0%. At Stella, borrowers (or "leveragers") can take advantage of supported DeFi strategies without paying any borrowing costs. Lenders can receive actual returns from leveragers, and as a loan APY, the more returns leveragers receive, the more income lenders earn. This is achieved through Stella's "Pay-as-You-Earn" (PAYE) model, which aims to help leveragers and lenders achieve the highest potential returns.
On October 21st, Stella announced a high-yield option for Arbitrum users in the Uniswap v3 pool. Users can earn up to 71% annualized returns in the ARB/USDC.e (0.3%) pool or up to 78% annualized returns in the ARB/USDC.e (0.05%) pool. Stella is currently the only DeFi protocol that allows users to use leverage for liquidity provision (LP) on Uniswap v3, bringing unique return strategies to investors.