Astar Network Has Announces $100M Astar Boost Program

Astar Network has announced the Astar Boost Program, a $100M fund for liquidity providing, financial support, an incentive program, and much more.

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. It enabled EVM on 17th Jan 2022 and remarked more than $500M TVL, the largest TVL among the Polkadot Smart Contract protocols.

The Astar boost Program has already been launched to support liquidity and incentive for DeFi applications on Astar such as ArthSwap, PolkaEx, and Celer cBridge.

The core team of Astar Network welcomes more DeFi users and DeFi projects who want to build on Astar Network. The Astar boost Program is made to support those users and projects. Celer cBridge recently partnered with Astar Network for asset bridging and inter-chain messaging. Assets on Ethereum, Polygon, BSC, and Shiden Network have been already bridged by cBridge. cBridge plans to offer more attractive incentives to transfer assets from Ethereum, Polygon, and other L1 chains to Astar Network by leveraging this Astar Boost Program.

In this way, projects that want to contribute to the Astar ecosystem can take advantage of this program to grow in terms of the number of users and volume. Users can benefit from it and enjoy the Astar ecosystem more, mainly in the DeFi area. (You can explore Astar DeFi products by sending your unlocked ASTR from your native address to your EVM wallet such as Metamask.) We hope that Astar Boost Program will help the ecosystem to grow significantly.

About Astar

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups. Astar aims to be a multichain smart contract platform that will support multiple blockchains and virtual machines. Polkadot Relay Chain doesn’t support smart contracts. That’s why the ecosystem needs to have a parachain that enables this for all developers who want to build in the Polkadot ecosystem. Astar is here to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other.

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https://medium.com/astar-network/astar-network-announces-100m-astar-boost-program-e6d56099cfcd