Partnership with Arthswap
Good morning Algys,
The introduction of liquid staking on Astar would not be complete if nASTR holders could not use their liquid token in the Astar network ecosystem. Algem is working hard to create new opportunities and new uses for our nASTR liquid token.
Today, we are thrilled to announce a new partnership with Arthswap!
Arthswap is the largest DEX & AMM protocol on Astar Network allowing Astar users to swap many assets with low trading fees and high APY. Already supporting many of the largest projects on Astar and having recently added cross-chain assets such as DOT to their DEX, Arthswap was naturally one of the nASTR partnership and integration priorities that Algem wanted to achieve for its launch.
Algem and Arthswap are working together to create new trading and farming opportunities for Algem users.
Arthswap will deploy two new trading pools : nASTR/USDC & nASTR/USDT. Algem users can provide liquidity using their nASTR tokens. They will receive LP tokens and can stake them on Arthswap’s farming pool to earn additional trading fees and incentives rewards.
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, IDO platform, and they have more functions on the way!
Arthswap focus on growth of the Astar Network ecosystem and is willing to optimize all the elements for Astar. ArthSwap to Astar is what Trader Joe is to Avalanche, what Quickswap is to Polygon, and what Uniswap is to Ethereum!
Algem is a decentralized application on top of Astar Network and is developed around two main features offering different solutions for ASTR holders to remain liquid with their assets. The liquid staking and liquid earning solutions allow users to continue to earn staking rewards and increase their revenue by using liquid nASTR tokens across the defi ecosystem of Astar. On the other hand, Algem supports other defi protocols by providing liquidity, creating a sustainable and cooperative ecosystem on Astar Network.