Unlocking Next DeFi Growth through Leverage
summary
Built Alpha Homora in 2020 and hit ~$2B TVL with composable looped yield farming, then pivoted to Stella which implements 0% cost to borrow and profit-sharing lenders to fix borrow-rate math; that reduced borrower losses but didn’t solve lender scarcity. Next move is leverage 3.0: synthetic, intent-based leverage with just-in-time liquidity that taps centralized exchange and DEX liquidity and accepts any asset with a reliable feed. Roadmap claims a permissionless infra that creates a unified trading account settling across on- and off-chain venues, launching in months.
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chapters (7)
- 0:00Introduction
- 1:13Leverage in DeFi evolution
- 2:36Leverage 1.0 limitations
- 4:40Leverage 2.0 problems Stella
- 6:24Leverage 3.0 thesis
- 8:50Leverage 3.0 vision
- 10:15Summary
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