05/24/22— Today, we are thrilled to announce a massive partnership happening in the Astar ecosystem. Our good friends at AstridDAO officially announced today their partnership with Microsoft. This is an exciting and important development for the entire Astar ecosystem. Powerhouses of innovation like Microsoft bringing their resources to projects built on Astar is a strong indicator of the future.
AstridDAO is a decentralized money market with a fully backed stablecoin, $BAI, which is hard-pegged to the US Dollar.
AstridDAO joins the Microsoft for Startups program. This partnership removes traditional barriers involved in building a company. Microsoft brings exclusive access to technology, coaching, marketing, and support. This partnership accelerates the go-to-market speed and helps to maximize the market influence. Microsoft will also be providing up to $350,000 worth of benefits through Github Enterprise, Microsoft Teams, and Azure credits.
With Microsoft’s support, AstridDAO is now officially backed by one of the most innovative tech-driven companies in history.
“We are super excited to join the Microsoft for Startups program!
With incredible resources sponsored by Microsoft, we will ensure AstridDAO can better serve the community and facilitate BAI to become the dominant native stablecoin for the whole Astar and Polkadot ecosystem.” — AstridDAO Team
Learn more about AstridDAO and read their official announcement here.
This partnership is exciting and an important step towards Astar becoming the ultimate self-sustaining ecosystem. There has never been a better time to get involved with Astar. This is just the beginning!
About AstridDAO
AstridDAO is a decentralized money market protocol and multi-collateral stablecoin built on Astar and the Polkadot ecosystem, allowing users to borrow $BAI, a stablecoin hard-pegged to USD against risk assets at 0% interest and minimum collateral ratio. This mechanism enables users to leverage the value in their risk assets, including $ASTR, $BTC, $ETH, and $DOT without selling them.
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About Astar
Astar Network is the Smart Contract Hub for WASM + EVM and the top Parachain on Polkadot in Total Value Locked + Most Ethereum Assets. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.
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Microsoft x AstridDAO Join Forces was originally published in Astar Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
