Stella, a leverage strategy protocol, released a proposal for brand restructuring. The proposal aims to expand the scope of dApps to leverage infrastructure protocols and rename it to LitLayer. This transformation will involve brand restructuring, new product direction, and changes in token economics.
It is reported that as part of the brand restructuring, Stella will migrate from the current ALPHA token to the LTLY token at a 1:1 ratio. LTLY token holders can earn infrastructure fees and participate in governance through a staking model. The maximum supply of LTLY tokens is 3 billion, distributed as follows:
· Migration from ALPHA token: 1 billion LTLY tokens;
· Strategic partners: 525 million LTLY tokens;
· Ecosystem and community incentives: 725 million LTLY tokens;
· Airdrop: 300 million LTLY tokens;
· Marketing/security: 450 million LTLY tokens.