September 30, 2022 – Paris, France
Starfish Finance, the DeFi challenge operating on Astar Community, has shared its imaginative and prescient of how NFTs and decentralized finance will coalesce on Polkadot.
The community-driven challenge predicts the worlds of DeFi and NFTs will finally fuse and kind a brighter star, with Starfish Finance (SEAN) serving because the fortress that hosts this union.
Starfish Finance is one in all many planets orbiting the Astar Community ecosystem one of many brightest parachains within the Polkadot galaxy. Dwelling on its major planet is a starfish named Sean, who has vowed to enterprise into the galaxy and construct new castles.
The Starfish protocol relies on Balancer model two. It provides customers the liberty to create liquidity swimming pools of as much as eight totally different crypto property on high of a full stack DeFi product suite.
Past its DeFi capabilities, customers can stake NFTs on their native chain by means of Celer Community’s IM framework an interchain messaging mechanism to get pleasure from cross-chain collateralized NFT lending and borrowing.
The Starfish Finance protocol has been audited by CertiK and the Starfish group has harassed that the group’s safety is their number-one precedence. The group is now within the strategy of coming into into collaboration with famend NFT tasks to supply liquidity that can empower homeowners to entry capital with out relinquishing possession of their cherished collectibles.
Starfish Finance is already listed on Huobi, a serious high tier centralized trade, and the group aspires for extra listings, which is perhaps introduced because the protocol develops.
From the start, Starfish Finance has positioned itself as a one-stop store that provides multi-token secure and weighted swaps and embraces a multi-chain future.
Starfish began the yr with conception, fundraising, forming strategic partnerships, constructing an inclusive group and testnet launch. For the remainder of 2022, the group will roll out their DeFi suite and refine their NFT collateralized lending and borrowing launch within the roadmap.
The eventual formation of Starfish DAO, dubbed ‘The Aquarium,’ will pave the way in which for every part that comes subsequent. The group council can be tasked with nurturing totally different elements of the challenge, from product to artwork, and from expertise to advertising.
Group members will play a giant half in onboarding and whitelisting new NFT tasks as eligible collateral for Starfish’s NFT-Fi, along with managing occasions and actions to develop the multi-chain Net 3.0 economic system.
Study extra about Starfish Finance right here.
Contact
Partnership lead, Starfish Finance
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