Stella releases rebranding proposal to be renamed LitLayer
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Netflix faces backlash for using AI-generated voice of Gabby Petito
Share link:In this post: Netflix used AI to recreate Gabby Petito’s voice in its new docuseries, and people are calling it disturbing and unethical. Viewers slammed Netflix online, saying AI shouldn’t be used to digitally recreate a murder victim’s voice for a documentary. Gabby’s family approved it, but experts argue that murder victims don’t get a say in how their voice is used after death.
Trump’s Republican allies unsettled by Elon Musk’s D.O.G.E
Share link:In this post: Elon Musk’s D.O.G.E. has gutted the CFPB, firing employees, shutting down enforcement, and wiping the agency’s name off its headquarters—leaving Trump allies worried it could backfire in court. Russell Vought and other Trump officials fear Elon’s reckless approach could bring lawsuits, allowing the CFPB to survive instead of being quietly dismantled. Government employees are suing the Trump administration anonymously, afraid Elon’s attacks on X and mass firings could put them at ri
Vitalik Buterin joins the resistance against the UK government’s push for Apple user data
Share link:In this post: Vitalik Buterin criticized the UK government for its recent demands for backdoor access to Apple user data. This will be the first time Apple is disabling its data security tool. Apple reassures users that some data, such as health app data, passwords, and communications on iMessage and FaceTime, will remain end-to-end encrypted.
President Trump Declares End to Biden’s Crypto War, Pledges US Bitcoin Dominance
Trending news
MoreCrypto prices
More
