The total supply of [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) is 210 billion, with 210 billion having been burned after token generation. The token distribution is as follows: * 63% (132.3B SPELL): global farming incentives * 30% (63.0B SPELL): team allocation (4 year vesting schedule) * 7% (14.7B SPELL): initial DEX offering SPELL will follow a ten-year [halving](https://coinmarketcap.com/alexandria/glossary/halving) model, which will cut in half the rewards distributed every year. 50% of team tokens are to be issued in the first year, 25% in the second, and 12.5% in the third and fourth years. Each week, 624 million SPELL are emitted. SPELL is also used as a governance token, with users having voting power according to how much they have staked.

Thanks to the Kashi Lending Technology introduced by SushiSwap, Abracadabra’s isolated lending markets have sparked a wave of innovation in [decentralized finance](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) (DeFi) lending. In an isolated lending market, the risk is not shared collectively. Users can provide [liquidity](https://coinmarketcap.com/alexandria/glossary/liquidity) for any token and if the currency pair loses its liquidity or something happens to the [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract), only that pair is affected and not the entire platform. This allows Abracadabra to offer various pairs that are not supported by most other [decentralized exchanges](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEXs). One of the features of using this technology is that users can leverage their interest-bearing token positions. Users borrow against their positions and then again borrow against the borrowed stablecoin, creating several loops and thereby increasing their leverage. All of this is done in one transaction, which is why the user only pays a [gas](https://coinmarketcap.com/alexandria/glossary/gas) fee once. [Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) can be farmed by providing liquidity in one of the different [pools](https://coinmarketcap.com/alexandria/glossary/liquidity-pool). SPELL can also be staked, and staked tokens accrue a share of the platform fees (interest, borrowing fees, and 10% of the liquidation fee for certain markets), which auto-compound.

Abracadabra is not an official [decentralized autonomous organization](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) (DAO) but is instead governed through a Snapshot page. MIM are minted through a 6/10 [multisignature](https://coinmarketcap.com/alexandria/glossary/multisignature) contract composed of the following partially pseudonymous users: * [Poolpi](https://twitter.com/poolpitako) – [yearn.finance](https://coinmarketcap.com/currencies/yearn-finance/) (YFI) * [Leo Cheng](https://twitter.com/leokcheng) – [Cream Finance](https://coinmarketcap.com/currencies/cream-finance/) (CREAM) * [Michael](https://twitter.com/leokcheng) – [Curve DAO Token](https://coinmarketcap.com/currencies/curve-dao-token/) (CRV) * [Julien](https://twitter.com/bneiluj) – [Stake DAO](https://coinmarketcap.com/currencies/stake-dao/) (SDT) * [C2tp](https://twitter.com/C2tP) – [Convex Finance](https://coinmarketcap.com/currencies/convex-finance/) (CVX) * [Sifu](https://etherscan.io/address/0x5dd596c901987a2b28c38a9c1dfbf86fffc15d77) – [Wonderland](https://coinmarketcap.com/currencies/wonderland/) (TIME) * [Georgiy](https://twitter.com/GeorgiyXo) – Abracadabra and [Popsicle Finance](https://coinmarketcap.com/currencies/popsicle-finance/) (ICE) * [0xmerlin](https://twitter.com/0xM3rlin) – Abracadabra * [Danielesesta](https://twitter.com/danielesesta) – Abracadabra, TIME and ICE * Squirrel – Abracadabra and ICE

[Spell Token](https://coinmarketcap.com/currencies/spell-token/) (SPELL) is a reward [token](https://coinmarketcap.com/alexandria/glossary/token) associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged [stablecoin](https://coinmarketcap.com/alexandria/glossary/stablecoin) called [Magic Internet Money](https://coinmarketcap.com/currencies/magic-internet-money/) (MIM). Abracadabra uses the Kashi Lending Technology pioneered by [SushiSwap](https://coinmarketcap.com/currencies/sushiswap/) (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) opportunities, where users can [stake](https://coinmarketcap.com/alexandria/glossary/staking) their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently [Ether](https://coinmarketcap.com/currencies/ethereum/) (ETH)-Spell Token (SPELL) and [Magic Internet Money](https://coinmarketcap.com/currencies/magic-internet-money/) (MIM)-[LP 3pool Curve](https://coinmarketcap.com/currencies/lp-3pool-curve/) (3CRV). Furthermore, users can also open [leveraged](https://coinmarketcap.com/alexandria/glossary/leverage) farming positions using borrowed MIM from their interest-bearing collateral.

Telos is A Highly Decentralized Blockchain Ecosystem built for mainstream adoption Launched in late 2018 by a collective of over 100 visionaries, Telos has been steadfast in its journey towards widespread adoption through advancements in usability, scalability and a more recent focus area of data protection. The foundation’s novel work on Zero Knowledge (ZK) proof technology puts the network on a course towards massive scalability and robust data protection required for real world adoption. Home to the World’s Fastest Ethereum Virtual Machine: Telos’ most popular platform TelosEVM offers ethereum compatibility with an unprecedented performance of over 15,200 transactions per second. The platform offers more than 100,000 solidity developers the framework to build for real world scale and affordability. There are 3 platforms in the Telos ecosystem: TelosEVM:An exceptional L1 with performance of 15,200 transactions per second (TPS). TelosZero: Breakthrough C++ consensus layer performance achieving over 50,000 TPS. Telos ZKEVM: The upcoming L2 solution powering the K2-18 gaming platform (Performance TBA) Telos platform performance has been independently verified by Baylor University. Learn more. Key Features of Telos: No Front Running: Adheres to a first in, first out processing making it compliant with the needs of global exchanges like NASDAQ/NYSE. Advanced Governance: Features on-chain amendment voting and foundation elections. Regulatory Clarity: Launched without an ICO, ensuring a fair start and lowered regulatory risk. Secure Bridge: Utilizes Layer Zero for enhanced security. Cost-Effective: Transaction fees start at less than $0.01. Reliability: Maintains a remarkable record of 100% uptime over five years. Telos Foundation The Telos Foundation is bolstered by experts from leading institutions in both Web 2.0 and Web 3.0 sectors, including SpaceX, ServiceNow, IOHK (Cardano), Consensys, Decentraland, and Polygon. The TLOS Token: The Ultra Active Asset TLOS, the native token of Telos, is at the heart of its network's utility. It is essential for transactions, governance, and liquidity. In a move towards becoming a deflationary asset, the community initiated monthly burns of gas fees in December 2023.

When it comes to the top exchanges for trading in Loom Network, these include: [Huobi](https://coinmarketcap.com/exchanges/huobi-global/) [VCC Exchange](https://coinmarketcap.com/exchanges/vcc-exchange/) [Coinbase Pro](https://coinmarketcap.com/exchanges/coinbase-pro/) [Upbit](https://coinmarketcap.com/exchanges/upbit/) [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/) [Bittrex](https://coinmarketcap.com/exchanges/bittrex/) [Bithumb](https://coinmarketcap.com/exchanges/bithumb/), and [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/). You can find others at our crypto [exchanges page](https://coinmarketcap.com/rankings/exchanges/).

LOOM is the digital token that is used to pay for services on the Loom Network and it is built on Ethereum in accordance with the [ERC-20](https://coinmarketcap.com/currencies/erc20/) standard. Keep in mind that the LOOM token is not mined and instead it is earned by users who engage with DApps on the Loom Network. The maximum supply of LOOM tokens is fixed at 1 billion.

The Loom Network is secured through a zkLoom protocol for efficient blockchains. The Ethereum network is one of the most popular open-source blockchains for smart contracts and it is backed by the second largest cryptocurrency. Through zkLoom blockchain, you no longer have to trust validators, and can rely on security guarantees provided by Ethereum. Through leveraging Ethereum for security, zkLoom blockchains operate in a secure manner with few validators and as such, it is much easier to bootstrap new blockchains and to operate them at a lower cost.

Loom Network is a platform as a service that allows Ethereum Solidity applications to be run through side chains. This means that the applications can have consensus mechanisms specific for their needs and potential threat model. Loom makes scaling decentralized applications faster and easier on the Ethereum network and uses the DPoS sidechains for scalability with [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) through the security of Ethereum mainnet. The LOOM token acts as a membership token that each member receives in order to get access to all of the apps that run on the Loom Network itself. This token functions on all of the DAppChains that run on the Loom Network and lets you transfer digital assets and data between Ethereum and Loom DAppChains.

The Loom Network was founded by Matthew Campbell, James Martin Duffy and Luke Zhang in 2017. Matthew Campbell is one of the co-founders and principal of the Loom Network. He is also the principal of Hyperwork Inc, and was also a lead software engineer at Digital Ocean, an instant messaging server architect at Thomson Reuters, an engine mechanic and co-founder of Errplane, a Scala Dude at Tapad, an architect at Bloomberg, a technical architect at Thomson Reuters, a senior R&D engineer at Bertelsmann, he rewrote the Gucci website into Ruby on Rails, he was the lead technical engineer at Superdeluxe and a software analyst at Bellsouth with a background in programming at Listman Home Technologies and Insurance House. James Martin Duffy is the CMO at Loom Network, and he is also the CEO at Epictetus Ventures as well as the founder of Auragin. Before that, he worked as a developer at Cryptocurrency Trading Bot, and founded KoreaJobFinder. He was also a lead developer at Casual Steps Inc, and a freelance web developer and online marketer before that. Luke Zhang is the co-founder of Loom Network, and before that he was a lead developer at BlockMason, a developer at Elemica, a developer at Workopolis and a prototyping expert at Shifthub.

Loom Network is a platform as a service that is built on top of [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and allows developers to run large-scale decentralized applications. This platform was released on October 1st, 2017. The goal of this is to allow application developers to have [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract) that can access much more computing power when it is required, or maintain the same power at lower costs for tasks such as trials for onboarding new users or applications that simply do not need the full security of blockchain to begin with. In this system you have the ability to interact with APIs developed by third parties which are not on chain. Loom attempts to be the ultimate platform that allows smart contract developers to create applications without the need to switch to another programming language. As such, they can easily integrate their applications with the outside world. The Loom Network runs on Plasma, which is a scaling solution that allows for faster transactions throughout the network.

MFT is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available. [Binance](https://coinmarketcap.com/exchanges/binance/) offers the largest amount of liquidity as of February 2021, while [Bittrex](https://coinmarketcap.com/exchanges/bittrex/) also offers a [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC) pair, and [Upbit](https://coinmarketcap.com/exchanges/upbit/) has a KRW pair. MFT can also be purchased on [Uniswap V2](https://coinmarketcap.com/exchanges/uniswap-v2/) for a decentralized option.

Hifi is a protocol of smart contracts that trustlessly allow users to deposit collateral and mint hTokens, a bond like instrument, representing an on-chain obligation that settles on a specific future date. Lenders purchase hTokens at a discount and can redeem the for full face value at a specified maturity date. The protocol enforces a collateralization factor, ensuring all debt is over collateralized at all times. If the collateral falls below the maintenance threshold, it will be sold to liquidators at a discount, paying down some of the loan and returning the remainder to an acceptable collateralization factor. This arrangement enforced by smart contracts helps to ensure borrowers maintain their collateral levels, provides a safety net for lenders, and creates an earning opportunity for liquidators.

The total supply of HIFI is 126.25M. 101.25M (80%) are currently in circulation and 25M will be distributed over 2 years to Hifi Labs. The exact rate of HIFI emission is subject to change over time, as voters are able to increase or reduce the emission rate by passing a proposal through community governance.

Hifi provides a greater degree of predictability when compared to similar protocols. This predictability comes from Hifi’s fixed interest rate markets. Borrowers know up front exactly the amount they will pay to borrow, and lenders know exactly what they will earn before lending any funds. This gives users more predictable outcomes in decentralized finance compared to similar variable interest rate protocols.

Hifi was founded by Mick Hagen, an early adopter of blockchain technology. Hagen stepped down in early 2020 and was replaced by Doug Leonard. Leonard is avid NFT collector and is known to have financed the purchase of his family’s mini-van using early crypto protocols. Leonard has led the Hifi rebrand and pivot into decentralized finance.

Hifi is a decentralized finance protocol that allows people to lend and borrow crypto at a fixed interest rate. Hifi is made up of decentralized interest rate markets that mature on specific dates. Hifi markets use an Automated Market Maker model, in which users supply tokens to “liquidity pools” and an algorithm sets the interest rate based on supply and demand. Users supply liquidity, borrow, or lend into any of the active markets. Borrower’s pay a fixed interest rate to lenders without needing to negotiate terms like maturity, interest rate, or collateral. By supplying tokens to liquidity pools users can earn rewards while enabling peer-to-peer lending and borrowing. Hifi Governance is the community organized process for managing the Lending Protocol. HIFI is an ERC-20 token that gives its owner the ability to delegate voting rights to any address, including their own. The delegate's voting rights are automatically adjusted when the owner's token balance changes. Hifi Governance enables the community to propose, vote on, and implement changes via the administrative functions of the Hifi Protocol. Proposals can change system parameters, support new markets, add entirely new collateral types, or deploy resources towards specific causes. Hifi was originally known as Mainframe when it launched in Nov. 2017. Mainframe began as a decentralized communications layer for Web3 but pivoted to Decentralized Finance and rebranded to Hifi in early 2020.

The easiest way to acquire [Huobi Token](https://coinmarketcap.com/currencies/huobi-token/) is to purchase it on [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/). The exchange supports a large number of token trading pairs and offers advantageous trading rates. Aside from this option, HT is supported on multiple exchanges, including: [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Binance JEX](https://coinmarketcap.com/exchanges/binance-jex/), [AscendEX (Bitmax)](https://coinmarketcap.com/exchanges/ascendex/), [LBank](https://coinmarketcap.com/exchanges/lbank/), [ProBit Global](https://coinmarketcap.com/exchanges/probit-exchange/), [0x Protocol](https://coinmarketcap.com/exchanges/0x-protocol/), [Bit Well](https://coinmarketcap.com/exchanges/bitwell/), [XT.COM](https://coinmarketcap.com/exchanges/xt/), [Wootrade](https://coinmarketcap.com/exchanges/wootrade/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [ACE](https://coinmarketcap.com/exchanges/ace/), [BitMart](https://coinmarketcap.com/exchanges/bitmart/), [Xtheta Global](https://coinmarketcap.com/exchanges/xtheta-global/), [BitZ](https://coinmarketcap.com/exchanges/bitz/), [BiKi](https://coinmarketcap.com/exchanges/biki/), [BiONE](https://coinmarketcap.com/exchanges/bione/), [Bitay](https://coinmarketcap.com/exchanges/bitay/), [Pionex](https://coinmarketcap.com/exchanges/pionex/), [Hoo](https://coinmarketcap.com/exchanges/hoo/), [YunEx](https://coinmarketcap.com/exchanges/yunex/), [BKEX](https://coinmarketcap.com/exchanges/bkex/), [ZBG](https://coinmarketcap.com/exchanges/zbg/), [Bibox](https://coinmarketcap.com/exchanges/bibox/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [BitForex](https://coinmarketcap.com/exchanges/bitforex/https://coinmarketcap.com/exchanges/bitforex/), [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/), [Finexbox](https://coinmarketcap.com/exchanges/finexbox/), [Switcheo Network](https://coinmarketcap.com/exchanges/switcheo/), [Hotcoin Global](https://coinmarketcap.com/exchanges/hotcoin-global/), [Tokenlon](https://coinmarketcap.com/exchanges/tokenlon/), [Dsdaq](https://coinmarketcap.com/exchanges/dsdaq/), [Bgogo](https://coinmarketcap.com/exchanges/bgogo/), [Anyswap](https://coinmarketcap.com/exchanges/anyswap/), [NUT MONEY](https://coinmarketcap.com/exchanges/nut-money/). To find out more, read our [dedicated guide](https://coinmarketcap.com/how-to-buy-bitcoin/) on how to buy cryptocurrencies in general.

The Huobi ecosystem uses a distributed architecture and anti-DDoS protection system to bolster security. In addition, 98% of the currency is stored in a multisig cold wallet. The exchange also uses a risk control system dubbed “Don’t Be Evil” to ensure the safety of users’ accounts and assets. Since 2018, the platform has used an asset protection system called the Security Reservation Mechanism. In parallel, Huobi also launched its Investor Protection Fund in January of that year. Thanks to these measures, HT holders are insured against financial losses that may arise as a result of fraudulent activities or other risks associated with cryptocurrency trading.

The launch of [Huobi Token](https://coinmarketcap.com/currencies/huobi-token/) took place at the beginning of 2018 and did not proceed according to the standard [ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico) scheme. To begin with, Huobi distributed HT tokens directly to VIP users and regular traders could buy a package of services with a certain amount of tokens. As distinct from an ICO, this method of distributing coins is called an initial exchange offering ([IEO](https://coinmarketcap.com/alexandria/glossary/initial-exchange-offering)). Huobi Token has a limited total supply of 500 million. After its launch, 60% (300 million coins) were allocated among the users of the exchange and the company kept aside 40% (200 million coins) in reserve. The decision to create its own token led to an increase in the exchange’s capitalization. The token also helped to encourage users to remain loyal to the platform by offering them exclusive advantages through its various functions.

The [Huobi Token](https://coinmarketcap.com/currencies/huobi-token/) has two main functions. First, the Huobi exchange uses HT for its loyalty program that rewards members with a range of discounts. The company has also decided to use HT tokens to confer voting rights on users of the Huobi Autonomous Digital Asset Exchange (HADAX). To fulfil these functions, Huobi has attempted to keep HT’s value reasonably stable. To curb inflation, the company allocates 20% of profits for a token buyback program. HT token holders have several advantages thanks to the token’s circulation, which include:

Leon Li is the founder and CEO of Huobi Group. Having graduated from Tsinghua University (Department of Automation), he became a proponent of [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) in 2011. Li began his career as a computer engineer at Oracle, the world's largest database provider. In 2013, he founded Huobi Group, took over the management of the company and transformed it into a leading global player in the provision of financial services in the field of digital assets. Jun Du is Huobi’s co-founder. Prior to his role at Huobi, he was a community operations director at Comsenz and worked at Tencent. In addition, Du serves as CEO at Node Capital (a venture capital firm with a focus on the blockchain industry), is the founder of Jinse (a blockchain service platform integrating industry news, market information and data) and is co-CEO at BiKi.com (a software provider for digital currency trading). Lastly, he has co-founded companies that include AToken and Chainup. In 2018, the founder of Crypto Chain University, Herbert Rafael Sim, joined the Huobi Group team. Sim has an impressive track record and has contributed to the development of Forbes, The Huffington Posts and Wardrobe Trends Fashion. At Huobi, Sim is responsible for digital marketing and serves as public relations director.

[Huobi Token](https://coinmarketcap.com/currencies/huobi-token/) (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the [Ethereum](https://coinmarketcap.com/currencies/ethereum/) blockchain and is [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact. To learn more about this project, check out our deep dive of [Huobi Token](https://coinmarketcap.com/alexandria/article/what-is-huobi-token-ht). Huobi Token is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange [Binance](https://coinmarketcap.com/exchanges/binance/). Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform. One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies.

The value captured and accrued in the Stella ecosystem will be distributed to ALPHA stakers. ALPHA stakers will receive the following upon staking: Protocol fees from Stella protocol, regardless of which chains or layer-2 solutions Stella is built on. Tokens of the past incubated projects when the tokens become available publicly. This allows stakers to take part in high-quality projects early on. Voting rights on protocol’s proposals to participate in Stella governance.

As an ERC-20 token, ALPHA is backed by one of the most robust and secure blockchain networks in popular usage — Ethereum. It is kept secure by its extensive proof-of-work (POW) mining network, which uses an army of dedicated miners to maintain the integrity of the network. Although Stella has dedicated developers and researchers, it also relies on external audits to ensure its smart contracts are secure. Stella is in the last phase of finalizing its smart contract audit with PeckShield and is also currently working with Trust 90 (tentative to complete on June 1, 2023). Please check our [Gitbook](https://docs.stellaxyz.io/) for updated information on our audit progress.

The ALPHA token is the native token of Stella. The token was initially launched with a circulating supply of 174.1 million tokens out of a total of 1 billion ALPHA. According to Binance’s Stella paper, the total supply of ALPHA tokens is allocated as follows: Binance Launchpad Sale: 10.00% of the total token supply Binance Launchpool: 5.00% of the total token supply Private Sale: 13.33% of the total token supply Liquidity Mining: 20.00% of the total token supply Team & Advisors: 15.00% of the total token supply Ecosystem: 36.67% of the total token supply Team tokens are locked until August 2021 and will be fully vested by March 2024. bu

* Stella Strategy enables users to increase their positions by borrowing funds from Stella Lend at 0% cost. This results in larger position sizes, leading to higher yields from trading fees, token rewards, or price exposure. Unlike traditional accruing borrow interest from utilization-based IRM, users at Stella pays 0% borrow interest. Stella adopts a Pay-As-You-Earn (PAYE) model. When a leveraged position is closed with a positive yield, a portion of the net yield is deducted as a fee for the borrowed liquidity from Stella Lend. * Stella Lend serves as a platform for users seeking to lend assets and passively earn APY through in-kind token rewards without putting a maximum cap on the lending APY. Users from Stella Strategy can borrow these lent assets to open leveraged positions. The yields generated by borrowers are shared to lenders in the form of lending APY as a result of Stella’s Pay-As-You-Earn (PAYE) model.

1. Tascha Punyaneramitdee: Project Lead Former Head of Strategy at Band Protocol, Product Manager at Tencent, and Investment Banking Analyst at Jefferies. 2. Nipun Pitimanaaree: Tech Lead Former Chief Research Officer at OZT Robotics. 3. Arin Trongsantipong: Product Lead Former Software Engineer at SCB 10X, SCBC and Cleverse.

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.

XPLA is a Layer 1 blockchain that serves as a hub for digital media content. It encompasses a wide range of digital content, including Web3 games, blockchain gaming platform, NFT marketplace, and metaverse, with the intent of ‘Explore & Play.’ With a leading blockchain infrastructure empowered by a sustainable ecosystem, native SDK, and diverse middleware that fosters a developer-friendly environment, XPLA takes a leap as the core global blockchain hub. XPLA is a collaborative blockchain, where partners with expertise in technology, security, and content come together to contribute their exceptional skills. Central to its mission is the creation of a sustainable blockchain gaming ecosystem, anchored by the 'Play to Own' principle. This ethos ensures that the ownership and efforts of gamers are respected and valued. XPLA Mainnet utilizes the Cosmos SDK and expands consistently through interoperability with various chains based on Cosmos IBC. It has established an environment that supports COSMWASM and EVM for active interaction with other ecosystems and is compatible with smart contracts coded in Solidity through EVM compatibility. Within the XPLA mainnet, a vibrant ecosystem of diverse genres of games and DApps is continuously maturing. Having recently onboarded top-notch IPs such as The Walking Dead: All-Stars, Summoners War: Chronicles, and MiniGame Party, including the first cross-chain game, Idle Ninja Online, XPLA is not merely progressing, but propelling ahead as a pivotal, content-driven blockchain, exhibiting an impressive spectrum of services.