Introducing DeCartel — a New DeFi Alliance
Hey everyone! This is your favorite ArthSwap Team.
We’re thrilled to let you know that ArthSwap is joining Starlay Finance, Kagla Finance, and Muuu Finance to form a new type of alliance on Astar Network — DeCartel!
The idea of forming this alliance started when our leaders of these prominent protocols on Astar Network visioned our future with DeFi in it. We all have read it in news, no matter it’s some trading firm on Wall Street has made its first investment in DeFi or the combined total value locked (TVL) on all DeFi platforms has reached a new high, that DeFi is the next big thing after the Internet.
To many, however, cryptocurrency and decentralized finance sound like some far-off tech that may never be actualized in real life. But the future has arrived. And it is not only for those who know their way around in cryptocurrency industry or those who know how to do finance. It is here for all of us. No matter your gender, race, age, what country or political region you live in, or what you do for a living, you get to decide how you want to handle your money, not some guy in a suit sitting behind a bank counter.
So many people dive into the crypto world head first and the first thing they are met with is the rather complicated UX that a lot of the protocols are offering, which demotivates the users from taking another step further. They were convinced that DeFi is not for “people like them”. Others have made their moves in the sea of DeFi protocols but then got frustrated because of this ever changing DeFi environment and the high volatility of the prices of cryptocurrencies. A couple of bad investments would send them back to where they were before.
That is when our leaders came up with the idea of DeCartel, because they believe that DeFi should be an infrastructure for everyone.
What is DeCartel?
DeCartel is a new type of alliance, with its members being ArthSwap, Starlay Finance, Kagla Finance, and Muuu Finance. DeCartel officially forms a tight bond among these protocols and together they will contribute to the betterment of Astar Network and provide a much better crypto experience to all users.
There are two main things DeCartel is offering, the first thing being user-friendly yet still aesthetic UX and the second a comparatively more stable financial returns to the users. As you can see the entire concept of DeCartel is built around the idea of better serving what makes a DeFi protocol long live and prosper — users. You, who are reading this article, is one of them.
DeCartel Ecosystem
Another condition for a DeFi protocol to grow and prosper is the ecosystem it is in. With the support of Astar Network, protocols on Astar Network have achieved great success soon after their launches. ArthSwap, three months after its launch, has achieved a TVL of 160M and has become the №1 Dex in the Polkadot ecosystem. Starlay Finance, being the №1 lending protocol in the Polkadot ecosystem, has the highest TVL of all DeFi projects on Polkadot. Kagla Finance, an Astar native automated market maker for stable swapping and Muuu Finance, a yield booster that supports the operation of veToken on Astar Network, have gained huge popularity among users as well. These four protocols are built on a strong and supportive network and together they will lift each other up.
In addition to the four members that we have, DeCartel will soon have two new protocols join in Q2. One of them is a liquid staking protocol which is currently under development by the Starlay Dev Team. The other is the fixed yield market to leverage the variable yield developed by other dev members cooperating with us. DeCartel family will only grow bigger and stronger.
The above diagram explains the cooperative relationships among the involved protocols.
DeCartel Mutual Airdrop
While there will be a lot more benefits to come in the future, the first welfare that DeCartel brings to all of our users is Mutual Airdrop. Let’s say a user has accumulated a large amount of $ARSW from the past few months. While $ARSW has been remaining unswappable and untransferable for this period of time, the users could still profit from simply possessing $ARSW. Based on the amount of the $ARSW this user owns at any given point of time when a snapshot is taken, tokens of the other three projects will be airdropped to this user. This rule applies to the other 3 protocols as well. By doing this, DeCartel involves users to participate in the governance of protocols on the Astar Network on a much deeper level. Please note that the snapshots will be taken randomly and it will be hard to predict exactly when the next nice surprise will come.
In the future, DeFi is not something that a certain group of people will have access to but people of all backgrounds. This is DeCartel’s vision and we hope you can join us for this journey until this visioned future is right here with us. Please keep an eye out for new updates on DeCartel. You can follow up its news on this webpage. Joining ArthSwap community is another great way of doing that.
What is ArthSwap
ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network. Its main functions are going to be swapping, staking, liquidity mining, and we will have more functions on the way!
We focus on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar, so we consider ourselves as an “Astar-native” dApp. ArthSwap to Astar is what Trader Joe is to Avalanche, what Quickswap is to Polygon, and what Uniswap is to Ethereum!
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