The post XCM Cross-Chain Compatibility is Coming to AstridDAO appeared first on Smart Liquidity Research.

What is XCM?

XCM is short for Cross-Consensus Message Format, it is a general way for consensus systems to communicate with each other.

Though, before XCM, there were several kinds of consensus systems, all of them have their format of transmitting messages and cannot communicate with each other.

The goal for XCM is to connect all of them in Web3. Different chains may have their own ‘dialects’, but XCM can be the ‘mother tongue’ that is understandable on all chains.

What can it bring to AstridDAO**?**

The post XCM Comes to AstridDAO appeared first on Smart Liquidity Research.

Participate in ATID Public Sale Tutorial — Watch Video

1) ATID PUBLIC SALE DEMO

2) PUBLIC SALE PURCHASE RESULTS DEMO

AstridDAO Public Sale Guide – Do you want to participate in the $ATID Public Sale?

If you want to participate in the $ATID public sale, please click here and let us know how much you are looking to allocate.

What can I expect from Public Sale?

1. IDO should start on August 23rd, 10 am UTC
2. $ATID will be purchasable for USDC
3. For better maintaining of $ATID price, there will be 6-months cliff with a 30-month linear vesting after purchase
4. No maximum amount of purchasable $ATID per user

What are AstridDAO’s innovations and comparative advantages over MakerDAO, Acala, etc.?

1. Higher capital efficiency via instant liquidation
2. Higher price stability via instant redemption and stablecoin collaterals
3. Higher protocol revenue by utilizing protocol-controlled liquidity in AMM
4. Multi-collateral support and interest-free loan to benefit loyal yield farmers
5. veTokenomics to empower protocol tokens with more utilities
6. Adjustable parameters via DAO governance to better adapt to market changes

About AstridDAO

AstridDAO is a decentralized money market and issuer of the leading multi-collateral stablecoin in the Polkadot ecosystem. AstridDAO allows users to generate $BAI, a stablecoin hard-pegged to USD, against risk assets at 0% interest and minimum collateral ratio. This means you can use the value in your risk assets including $ASTR, $BTC, $ETH, $DOT, etc. without having to sell them.

Anyone can use AstridDAO to open a vault, deposit risk assets including $ASTR, $BTC, $ETH, $DOT, etc. as collateral, and generate stablecoin $BAI. Vault owners must maintain a collateral-to-debt ratio above the minimum collateral ratio to avoid liquidation of the vault. However, with the instant liquidation mechanism and stability pool, AstridDAO can achieve the lowest minimum collateral ratio to ensure high capital efficiency and still remain safe.

Website | Twitter

SOURCE:

https://medium.com/@astrid_dao/how-to-participate-in-astriddaos-public-sale-2901ab6cb728

REQUEST AN ARTICLE

The post AstridDAO Public Sale Guide appeared first on Smart Liquidity Research.

AstridDAO are thrilled to announced the AstridDAO Dual premier listing ATID on CEXs BitMart and MEXC. They will officially be listed by the end of August after the coming public sale.

Compared to the existing over-collateralized stablecoins, AstridDAO has the following 6 major advantages:

1. Higher capital efficiency via instant liquidation mechanism
2. Higher price stability via instant redemption and stablecoin collaterals which enable both price ceiling and price floor (hard-pegging)
3. Higher protocol revenue by utilizing protocol-controlled liquidity in AMM (planning for v2)
4. Multi-collateral support and interest-free loan to benefit loyal yield farmers
5. veTokenomics to empower protocol tokens with more utilities
6. Adjustable parameters via DAO governance to better adapt to market changes (planning for v2)

What is $ATID Token?

ATID is the protocol token issued by the AstridDAO protocol. By locking it and generating veATID tokens, ATID holders can capture the fee revenue generated by the system. We are doing this to incentivize early adopters.

In the long term, ATID rewards will only accrue to Stability Providers ( i.e., users who deposit BAI to the Stability Pool).

Have you joined the $ATID Public Sale Whitelist yet?

If not, click here to join the ATID whitelist today.

Read the following article for more details about the $ATID Public Sale Whitelist:

$ATID Frequently Asked Questions

What is $ATID’s max supply?

ATID has a max supply of 1,000,000,000 tokens.

Is $ATID a governance token?

No. ATID is the protocol token for AstridDAO. The voting power and fee distribution are not directly associated with ATID but with veATID.

How to earn $ATID?

ATID is earned in two ways:

1. Depositing BAI into the Stability Pool
2. Locking ATID to generate veATID tokens and earn locking incentives
3. Other liquidity mining programs that we be launching in the future

What can I do with $ATID?

ATID holders can lock their tokens to generate veATID tokens to earn the protocol revenue generated by loan issuance and BAI redemptions.

Besides that, we are also preparing some surprises for the ATID holder/staker community including exclusive airdrops from new ecosystem partners, supporting $ATID as collaterals for AstridDAO/ecosystem lending protocols, etc.

Locking and Governance

How does locking work in AstridDAO?

To start locking, you must deposit your ATID token to the AstridDAO locking contract and specify the lock-up period.

For a given amount of ATID tokens, the longer you lock up the ATID tokens, the more veATID tokens you will get. This is because VeATID represents a share of voting power and could earn a pro-rata share of the borrowing and redemption fees in BAI and collaterals.

What is veATID?

Unlike ATID, veATID non-transferable and can only be generate after locking the ATID for some time. Therefore, it is the only token in AstridDAO that can represent voting power and share the transaction fee generated in the network.

How much will my veATID earn?

Your veATID tokens will earn a share of the fees equal to your percentage of the total veATID generated at the instant the fee occurred.

Is there a lock-up period if I lock ATID to generate veATID?

Yes, a lock-up period will be associate with locking ATID to generate veATID. After the lock-up period, you are free to withdraw ATID tokens, but do notice that we don’t allow partial withdrawal. For example, if you locked 10 ATID tokens for four years to generate 80 veATID tokens. After four years, if you decide to take out ATID, you must take out all 10 ATID tokens (which will burn 80 veATID tokens).

Staked ATID tokens use to backstop the system or for governance?

Yes, ATID tokens are use to backstop the AstridDAO system and for governance through veATID.

About AstridDAO

AstridDAO a decentralized money market protocol and multi-collateral stablecoin built on Astar and the Polkadot ecosystem, allowing you to borrow $BAI, a stablecoin hard-pegged to USD against risk assets at 0% interest and minimum collateral ratio. This mechanism enables you to leverage the value in your risk assets, including $ASTR, $BTC, $ETH, and $DOT, without selling them.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post AstridDAO Dual Premier Listing On BitMart And MEXC appeared first on Smart Liquidity Research.

AstridDAO partnership with OnFinality, the leading blockchain infrastructure as a service platform in the Polkadot/Substrate ecosystem, to provide essential and scalable API services for AstridDAO.

OnFinality agrees to grant AstridDAO access to its API and one-click deploy collator nodes. Furthermore, OnFinality will aid AstridDAO in testing the network and provide valuable data regarding how the nodes run and scale.

The AstridDAO Statement

“OnFinality and AstridDAO make perfect sense from a partnership standpoint as they seek to give their users the best experience on our platform. OnFinality is unparalleled as a web3 tooling company, and they’re thrilled to elevate their technology stack with this collaboration.”

The OnFinality Statement

“AstridDAO has built one of the most impressive decentralized money markets in the Dotsama/Astar ecosystem. They are keen to bring the DevOps tools the AstridDAO team needs to focus on refining the product and scaling to great heights.”

What’s Next…

Looking further ahead, we will work closely with OnFinality to manage and reduce our DevOps workload. In addition, we are excited to continue to develop and iterate AstridDAO’s core product on Astar Network with OnFinality’s support.

About OnFinality

OnFinality a SaaS platform that provides infrastructure and developer tools that save developers hours and allows you to grow confidently. OnFinality’s mission is to help blockchain, and dApp developers build a decentralized future faster.

Website | Twitter |

About AstridDAO

AstridDAO is a decentralized money market protocol and multi-collateral stablecoin built on Astar and the Polkadot ecosystem, allowing you to borrow $BAI, a stablecoin hard-pegged to USD against risk assets at 0% interest and minimum collateral ratio. This mechanism enables you to leverage the value in your risk assets, including $ASTR, $BTC, $ETH, and $DOT, without selling them.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post AstridDAO Partnership With OnFinality appeared first on Smart Liquidity Research.

Zenlink DEX protocol is the underlying unified and universal cross-chain DEX protocol, enabling parachains to have DEX functionality and quickly share liquidity with other parachains.

In addition, the Zenlink DEX aggregator can connect to all DEX dapps on Polkadot, which together form the Zenlink DEX network with total liquidity.

Great! But how does Zenlink benefit me?

As a Zenlink user, you can access the ecosystem’s total liquidity. You can enjoy low fees, low slippage, and a high-speed trading experience.

Furthermore, you get a perception-free cross chain. In other words, we’re moving closer to the Web3 vision of seamless interoperability between chains. As a result, Zenlink provides you with a natural and convenient cross-chain transaction experience without perceiving multiple chains.

Finally, you get a rich composability DEX experience. Specifically, composability in blockchain technology means developers can freely use and integrate code from other applications into their products. This is because smart contracts — which control application logic — are open-source and available to the public.

In Zenlink’s case, each parachain can build a DEX with its characteristics by connecting to the Zenlink DEX module. As a result, you can easily experience different types of DEXs from Zenlink’s platform.

What is 4pool?

4pool on Astar Network is a specific form of the stable pool comprised of four stablecoins: USDC, BUSD, DAI, and BAI.

When you borrow $BAI from AstridDAO, you can add liquidity to 4pool on Zenlink and stake 4pool LP tokens to the LP Farm on Zenlink to earn rewards.

In short, you can go on 4pool and…

1. Add liquidity to get LP tokens, and then

2. Stake your LP tokens.

Additional tutorials:

• Tutorials: To learn more, please look at this 👉 tutorial.
• For 4pool farming, here’s a 👉 separate tutorial.

Why is 4pool important?

In the standard stable swap design, there are basepools and metapools. The basepool is the largest stablecoin liquidity pool, holding only the three to four biggest stablecoins (e.g., USDC-BUSD-DAI-BAI 4pool). And metapools allow for one token to trade with the basepool.

Stablecoins in the basepool have the best price stability and least system risk in the ecosystem. Additionally, the stablecoins listed in the basepool will have the most significant stablecoin liquidity and most transaction volume since all transactions in the metapool go through the basepool.

This also provides stablecoin holders in the basepool with the best yield opportunity and smoothest user experience. Their vision is to build USDC-BUSD-DAI-BAI 4pool as the basepool for the Astar ecosystem and further expand the BAI universe.

About ZenLink

Zenlink is the one-stop shop for trading Polkadot assets. In addition, it’s the DEX composable hub between all parachains.

Website | Twitter

About AstridDAO

AstridDAO is the multi-collateral stablecoin on Astar Network and for the Polkadot ecosystem. AstridDAO allows users to use risk assets as collaterals and borrow $BAI, a USD-pegged stablecoin at a minimum collateral ratio and 0% interest rate.

Website | Twitter

SOURCE

https://medium.com/@astrid_dao/zenlink-4pool-astriddao-tutorial-for-new-users-13bf684be770

REQUEST AN ARTICLE

The post Zenlink 4Pool & AstridDAO Tutorial appeared first on Smart Liquidity Research.

As the two DeFi infrastructures in the Astar ecosystem, they will work with AstridDAO to expand the use cases of the Astar ecosystem’s native stablecoin, BAI, and further enhance the community’s DeFi experience through synergies that will drive the Astar ecosystem forward.

As part of the first phase of partnership:

• Zenlink will adopt $BAI as the base stablecoin of 4pool (the other 3 stablecoins are USDC, BUSD, and DAI) to promote $BAI adoption and provide a revenue stream for $BAI holders.
• AstridDAO will add $ATID rewards to Zenlink 4pool.
• Zenlink and AstridDAO will work together in terms of marketing and community building to create synergies and achieve remarkable growth.

In addition, they will explore collaboration on BAI’s mint collateral, which is just the beginning, and they leverage the combinability and scalability of protocol to provide the Astar community with more diverse DeFi products and benefit from it.

After borrowing $BAI from AstridDAO, users will be able to add liquidity to 4pool on Zenlink and then you can stake 4pool LP tokens to the LP Farm on Zenlink to earn rewards. You can refer to this tutorial: https://wiki.zenlink.pro/zenlink-dex-dapp/hybrid-amm#user-guide

Notice that AstridWASTR on AstridDAO and WASTR (0xAeaaf0e2c81Af264101B9129C00F4440cCF0F720) on Zenlink are different. If you wrap ASTR at AstridDAO, please visit AstridDAO APP to convert AstridWASTR to ASTR and re-wrap at Zenlink.

About AstridDAO

AstridDAO is a decentralized money market and multi-collateral stablecoin protocol. Built on Astar and for the Polkadot ecosystem. It allows users to borrow $BAI, a stablecoin hard-pegged to USD, against risk assets at 0% interest and minimum collateral ratio. This means you can use the value in your risk assets without having to sell them.

Website | Twitter

About Zenlink

Zenlink is an underlying cross-chain DEX protocol based on Polkadot. It is committed to becoming the DEX composable hub of Polkadot. By accessing the ultimate, open, and universal cross-chain DEX protocol based on Substrate. Zenlink DEX Protocol enables all parachains to build DEX and achieve liquidity sharing in one click. Zenlink DEX Protocol includes Module, WASM, and EVM implementations. They are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

Website | Twitter

SOURCE:

https://medium.com/zenlinkpro/zenlink-partners-with-astriddao-to-drive-astar-ecosystem-development-8acbdfe62508

REQUEST AN ARTICLE

The post Zenlink Partners with AstridDAO appeared first on Smart Liquidity Research.

Microsoft, one of the global technology giants and market leaders across various verticals, welcomes AstridDAO to the Microsoft for Startups program!

AstridDAO, a decentralized money market with a native stablecoin called $BAI, has partnered with Microsoft to keep AstridDAO’s innovation pace in the DeFi (decentralized finance) space and to accelerate the adoption of its decentralized money market and stablecoin.

PARTNERSHIP HIGHLIGHTS

As part of this collaboration, AstridDAO joins Microsoft for Startups. It will also remove traditional barriers to building a company with exclusive access to technology, coaching, marketing, and support.

Moreover, AstridDAO will accelerate its go-to-market speed with Microsoft’s support and maximize its market influence. Furthermore, Microsoft will also provide up to $350,000 worth of benefits through Github Enterprise, Microsoft Teams, as well as Azure credits (up to $150K/ 4 years).

Brief Research About Astrid DAO

AstridDAO is a decentralized money market with a fully backed stablecoin, $BAI, hard-pegged to the US Dollar. As a result, users of the dApp (decentralized application) can borrow $BAI at 0% interest and instantly redeem $BAI for their collateral at face value (i.e., 1 BAI for $1 of ASTR).

Additionally, users can become stability providers by adding $BAI to the stability pool and instantly liquidating under-collateralized accounts. These two mechanisms, i.e., borrowing at 0% interest. Against risk assets and instant liquidation of under-collateralized accounts, create a hard peg mechanism to the USD.

“We are super excited to join the Microsoft for Startups program! With incredible resources sponsored by Microsoft, we will ensure AstridDAO can better serve the community and facilitate BAI to become the dominant native stablecoin for the whole Astar and Polkadot ecosystem.” —AstridDAO Team

Furthermore, with Microsoft supporting AstridDAO, the decentralized money market protocol is officially backed by one of the most innovative and tech-driven companies in human history.

ABOUT Astrid DAO
AstridDAO is a decentralized money market protocol and multi-collateral stablecoin built on Astar and the Polkadot ecosystem. It allows users to borrow $BAI, a stablecoin hard-pegged to USD. Against risk assets at 0% interest and minimum collateral ratio. This mechanism also enables users to leverage the value in their risk assets, including $ASTR, $BTC, $ETH, as well as $DOT without selling them.

Website | Twitter 

ABOUT Microsoft
Microsoft is an American multinational technology corporation. Produces computer software, consumer electronics, as well as personal computers, and related services.

Website | Twitter

RESOURCES
Medium

The post Microsoft partners with Astrid DAO appeared first on Smart Liquidity Research.