Update Re: Stella to LitLayer Transition

The objective of this post is to give an update on the progress of the new product.

  • Stella has been developing the new perpetual infrastructure product as envisioned in the initial proposal. Product development has been taken much longer than expected initially, but is still on track. We will keep the community posted about the product development details.

  • On the tokenomics side, we are closely monitoring the recent token swaps, and also taken into account our community’s feedback on our tokenomics design. We will be share more details around tokenomics closer to the new product launch on mainnet.

  • Stella v1, the leveraged yields product, is still live on Arbitrum. We will be adding new popular pools on community requests.

In case of any questions or concerns, feel free to share in the comments here.

If you have any concerns you would like to raise privately, feel free to DM me on TG (@apoorv99).

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