Avault To Launch Zap And Vault On Astar Network
Avault Will Live on Astar Network by 30th June
The Avault are ready to launch on Astar Network. Avault To Launch Zap And Vault On Astar Network. They will release Zap & Vault function by 30th June. Arthswap will be the first project we supported. Avault will help the users of Arthswap to automatically compound the revenue from LP.
What is ZAP?
The Zap allows for a user to directly switch from a single token($ASTR, $USDT or etc) to an LP Token (ARSW-ASTR LP), with just a click of a button without having to go to Arthswap and switch out different assets. Users can also just switch between different assets, for example, $ASTR to $AVAT. There is no additional fee for this zap; we built this tool for the convenience of users.
What is Vault?
You can receive aLP/aToken by depositing your LP from the Avault-supported dapp. aLP/aToken is an interest-bearing asset token. Every interest-bearing token will earn and compound interest automatically, even if users only hold it without doing anything. Users can also stake their aLP/aToken into our farm to earn $AVAT.
3% vault fee will be charged when we help the users to compound the revenue. Part of the vault fee will reward to the users. It will decide by the community after their governance function launch.
About Avault
Avault means Astar vault. All Astar users can deposit their assets on our platform safely and earn a high return. Avault is a yield aggregator platform that provides aLP/aToken to DeFi users with automated compounding yields at empirically optimal intervals while pooling gas fees through smart contracts and best yield optimization strategies
About Astar
Astar Network the Smart Contract Hub for WASM + EVM one of the top Parachains in the Polkadot ecosystem. 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.
