We have felt the chill of crypto winter engulf the Web3 space. Yet, we are optimistic about the journey ahead, as we have witnessed some of the best products built during the previous quieter times in Web3. People usually overestimate hypes and underestimate technical progress. With the current market conditions, solid projects only speed up the technical developments to persevere and come out on top in the next cycle. The highly focused technical teams are the ones that are positioned for success, and Astar is no exception. In the last two months, we have delivered the first commercial WASM smart contract environment (Shiden) on Kusama, implemented dynamic dApp staking inflation, and cross consensus messaging XCM.In addition to the technical progress on Astar, our dApp ecosystem is also growing. We are super excited to have some key projects building on Astar. Now, let me introduce you to the exciting developments coming to Astar this Summer. To introduce our community to our new All-Stars on Astar, we are going to have a Twitter Space together with Algem, Sio2 Finance, Starfish, and Zenlink to prepare for Astar Summer this Thursday, please tune in to meet the teams!
Algem
Algem is a native liquid staking DeFi dApp on top of Astar Network offering new ways for ASTR users and holders to earn more. Algem incentivises users to hold their tokens via the multi-level rewards system. Astar token holders can stake ASTR on Algem and make LASTR while earning the staking reward. LASTR can be used in several existing DeFi protocols like ArthSwap. Please go to https://app.algem.io/liquid-staking
Sio2 Finance
Sio2 Finance is the first multi VM lending platform on Astar. The strength of Astar is to support both Ethereum Virtual Machine and WebAssembly. As I disclosed at Polkadot Decoded 2 weeks ago, Astar is going to be the first commercial Polkadot Parachain that support the next generation Wasm smart contracts on Polkadot after enough performance tests on Shiden. Since Wasm is the future of smart contracts but EVM is still very important, having 2 virtual machines at the same time is very important to become the innovative smart contract hub on Polkadot. Sio2 Finance is a lending platform which will be launched on EVM first. But once Astar supports Wasm, Sio2 is going to support Wasm as well. This means that Sio2 can handle not only ERC20 tokens but also all tokens or other parchains’ tokens in their platform.
Starfish Finance
Starfish is the DeFi × NFT-Fi headquarter on Astar Network in the Polkadot ecosystem. It is a one-stop DeFi journey with multi-token stablecoin swap, based on Balancer V2, cross-chain aggregation for crypto assets and NFTs, and unleashing liquidity potentials in NFTs. They have been creating one of the most successful communities in the Astar Network ecosystem. Check out their great webpage: https://starfish.finance/
Zenlink
Zenlink is a cross chain DEX protocol for better composability on Polkadot. Zenlink allows users to swap Polkadot ecosystem tokens. Zenlink DEX Protocol includes WASM and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.
We assume that these projects increase our TVL significantly and make Astar Network more attractive. We are very excited to see their launch in the coming week.
About Astar
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM). We are made by developers and for developers. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar Space Labs offers an Incubation Hub for top TVL dApps.
Astar Summer Round 2 is Coming! was originally published in Astar Network on Medium, where people are continuing the conversation by highlighting and responding to this story.
