Introducing Astarter: The Secret Weapon Empowering DeFi on Cardano
Astarter is meeting the needs of the most powerful infrastructure for smart contracts, unveiling a robust suite of services for the Cardano ecosystem designed to offer unparalleled performance for the next level of decentralized finance.
Astarter: The DeFi Hub on Cardano
Cardano has surged in popularity and value over the last four years since being founded in 2017. Yet, the demand for Cardano is just getting started with the launch of smart contracts following the Alonzo hard fork upgrade to Cardano’s mainnet. Currently, at least 140 up-and-coming projects are in the process of being developed on the Cardano blockchain. Despite surging demand and development, there is still one thing missing from the Cardano ecosystem that startups need: a way to empower and support decentralized financial applications that are being built on the platform by these 140+ early-stage companies.
That is where Astarter comes in. As the DeFi hub on Cardano, Astarter focuses on providing support throughout the Cardano ecosystem in four major applications: creating value behind IDO projects, DEX development, a lending and borrowing platform, and making oracle integration easier for off-chain information to be fed to execute on-chain transactions.
Features
- Launchpad
- DEX
- Money Market
- Tech Service Platform
Astarter received ecosystem support by partnering with a founding member of the Cardano protocol — EMURGO — to build DeFi infrastructure on Cardano for users and developers. EMURGO provides socially impactful solutions through tech development, investment, and Cardano blockchain developer education, and is also the developer behind Yoroi Wallet — an official light wallet for Cardano ADA and Ergo ERG.
With support from key Cardano stakeholders like EMURGO matched with the tech and our team’s experience, Astarter is equipped with everything that is needed to meet the surging demand of startups in the Cardano ecosystem.
This next section explains the four parts of the Astarter ecosystem and touches upon the benefits of each one. Together, these four components will empower the next generation of projects being built on Cardano. Over the next two quarters, as we finalize the most significant milestones on our roadmap, Astarter will provide ongoing value for our investors.
Launchpad
The launchpad allows seed and early-stage startups to raise capital and garner marketing support from the Cardano ecosystem. Tapping into the millions of Cardano ADA holders worldwide will allow young companies to have unparalleled acceleration in the right market. The Astarter Launchpad offers support for full KYC Integration, Token Sale, Governance Voting, Tiered Offerings, and Permissionless Listings. Our accelerator assists all of the projects launching in the Cardano ecosystem.
ADEX
Our on-chain decentralized trading platform, ADEX, is fully equipped to support Cardano ADA users with wallets, price feed transactions, market displays, and decentralized lending. ADEX offers both fast and secure support that lowers the DeFi world’s barrier to entry. Additionally, ADEX provides accurate DEX data by making trade volume transparent and verifiable. Furthermore, there isn’t a KYC requirement that makes users more protected with complete anonymity and financial privacy.
Money Market
This is Astarter’s decentralized marketplace for borrowing and lending. Through the use of smart contracts and Astarter Vaults, digital assets can be accepted as collateral for loans. Anyone can use this platform to retain complete ownership of their funds as long as collateral-to-loan ratio stipulations are met. The Astarter Money Market is fully decentralized, anchored 1:1 with USD, and backed by on-chain assets.
Tech Service Platform
With the successful Alonzo hard fork to the Cardano mainnet, Cardano will now support smart contracts. Any smart contract that relies on information that isn’t on the blockchain requires an oracle to know if the logical stipulations in the smart contract have been fulfilled. Astarter offers a unified general data protocol so that there is consistency with the way that off-chain data is being fed on-chain.
Additionally, Astarter’s diverse Tech Service Platform delivers a robust offering of resources to further the user experience on Cardano. From cross-chain bridges to yield farming, to smart contract staking, there are many ways for users to continue to be engaged. The UI/UX is simple with a feature that allows smart contracts to be generated with just the touch of a button.
In Conclusion
With the launch of smart contracts on Cardano’s mainnet, Cardano’s surging value reflects increased investor interest. Astarter can power and support decentralized financial applications being built by all the projects in the Cardano ecosystem. As the DeFi hub on Cardano, Astarter provides a suite of robust service offerings including: a DEX, Launchpad for startups, Money Market, and a Tech Service Platform. These services work together to make Cardano easier to use for the user and developer. As the roadmap continues to be built out, Astarter will deliver an increasingly larger array of services to take the Cardano ecosystem to the next level.
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