Starfish Finance — Astar Network Incubated DeFi x NFT-Fi Protocol
Introduction
Today the Starfishes land on the Astar planet! We are delighted to announce that Starfish Finance is officially onboarded to Astar Network’s incubation programme! Our product and token launch will soon be released. Meanwhile, have a look at the sneak peek of Starfish Finance’s platform:
The Starfish Aquarium
The architecture of Starfish Finance is built with three pillars: stablecoin liquidity pools, cross-chain DeFi, and NFT-Fi.
1. Multi-token pools with multiple leading stablecoins
Similar to Ethereum’s Curve, Starfishes can farm yields on Starfish’s stablecoin liquidity pools. In addition to Astar and Polkadot native stablecoins, the pools will support leading ones such as USDT, USDC, and BUSD.
2. Boosting cross-chain liquidity efficiency
With our strategic partner, Celer Network, a prominent cross-chain asset transfer technology, and the highly-anticipated XCM update on the Polkadot ecosystem in Q2 2022, Starfishes will be able to bridge their crypto assets seamlessly across different layer one ecosystems. Starfish Finance has plans to deepen collaboration with a wide range of native Astar projects to grow the Astar ecosystem together.
3. Democratising NFT liquidity potentials
The doctrine of “Hodl-to-Earn” lays the foundation of Starfish NFT-Fi. We will be conceiving products and services for NFT hodlers to unlock liquidity on their NFT collection. NFT connoisseurs need not sell their beloved NFTs. Instead, they can collateralise their NFTs to apply for a crypto loan on Starfish Finance.
The Starfish Vision
Community — the soil we care for and grow together.
Starfishes are born to be friendly. As a community-driven protocol, we value our community, and we endeavor to share our spirit across other Astar communities. We wish to empower the community with an inclusive yet unique Starfish culture.
Collaboration — the laboratory we create and innovate.
The Starfish team believes heartily in the philosophy of Web 3.0: we work in a positive-sum environment where collaboration orchestrates values and innovations. We actively partner with prominent players to bring a seamless DeFi experience, and we converge DeFi and NFT players in the Astar ecosystem with liquidity potentials & retail investor exposure. Hand in hand, we vibe and we build. Shoulder to shoulder, we forge our DeFi x NFT-Fi fortress on Astar Network.
Convenience — the infrastructure we connect with our users.
Simplicity is powerful. Through our minimalistic UI and lively graphics, we unleash the interoperability of assets between Astar Network and other layer one chains with a smooth user experience. Dabble with our dApp, and have fun while doing so, the Starfish way.
The Starfish Roadmap
Moving forward, the Starfish Finance team will soon inform our community about the official product launch date, and all the sweet deals. Certainly, the team will enrich, and optimise the roadmap with more exciting elements as Starfish Finance launches. Starfishes, let’s go on this journey together, and be the No.1 inclusive community on Astar Network!
About Astar Network
Astar Network connects the Polkadot ecosystem to Ethereum, Cosmos, and all major Layer 1 Blockchains. Astar Network supports dApps using multiple virtual machines WASM and EVM and offers the best technology and financial incentives via Build2Earn and Astar Incubation Program.
About Starfish Finance
Starfish Finance is incubated by the Astar Builders program. We are building the next generation DeFi x NFT-Fi headquarters on Astar Network within the Polkadot ecosystem. Through gamification of user experience, Starfish Finance offers stablecoin swap and NFT-Fi on top of an enhanced Balancer AMM model to deepen the liquidity of crypto or NFT trading and financing.
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