Astar Network is the TVL Smart Contract Hub for WASM + EVM on Polkadot. Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over.

Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all significant layer 1 blockchains. Furthermore, Astar Network supports dApps using multiple virtual machines — 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.

What is staking dApps?

For great dApps to be built, developers need to build them. For developers to build great dApps, they need financial incentives. That’s where dApp staking comes in.

On the Astar/Shiden Network, dApp staking is how developers who build dApps can get compensated. By having an income, developers can keep building and improving their dApps.

At its core, dApp staking is similar to staking on validators. The difference is that dApp stakers — also known as nominators — can nominate their Astar tokens on dApps they want to support.

At every block, a portion of the rewards goes to dApp staking. This reward is then divided between operators (developers) and nominators. Overall, this creates a powerful incentive for developers to build dApps on Astar and for nominators to support developers via dApp staking.

In addition,when building on other blockchains, dApp developers need to apply for grant programs, issue tokens, and fundraise to earn money. Not only that, they often need to pay steep gas fees.

On Astar, as long as a dApp has been nominated, developers can receive a basic income. Moreover, as a dApp grows in popularity, more members of the community nominate the dApp, and this, in turn, enables the developers who built the dApp to receive a greater percentage of the block reward

ABOUT SiO2 Finance

SiO2 Finance is the multi-VM lending hub on Astar for Polkadot. We aim to become the best lending product with excellent user experience, easy-to-use one-click features, and transparent governance.

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SiO2 partnership with OnFinality, the leading blockchain infrastructure as a service platform in the Polkadot/Substrate ecosystem, to provide essential and scalable API services for SiO2.

OnFinality serves over 600 million JSON RPC requests daily to its public API service. Under the partnership, OnFinality agrees to grant SiO2 access to its API and one-click deploy collator nodes.

Additionally, OnFinality will assist SiO2 in testing the network by providing valuable data regarding how the nodes are running and scaling depending on the traffic size at the time of operation.

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 on Astar Network with the team’s professional support.

OnFinality, a SaaS platform, saves developers’ work hours by providing them with efficient infrastructure and developer tools. Teams then grow more confident by focusing on the core areas instead of spending hours on a single task.

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.

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About SiO2

SiO2 Finance a borrowing and lending hub designed to offer service to the Polkadot and Astar community with easy-to-use single-click features, transparent governance, and one of the best user experiences. It is a multi-VM lending hub that supports both WASM and EVM. SiO2 has developed notable features that include a one-click flash loan and a short position that provides the best experience to its users.

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The Astar Summer Round 2. They have felt the chill of crypto winter engulf the Web3 space. Yet, they are optimistic about the journey ahead, as they have witnessed some of the best products built during the previous quieter times in Web3. People usually overestimate hypes and underestimate technical progress. With the current market conditions, solid projects only speed up the technical developments to persevere and come out on top in the next cycle. The highly focused technical teams are the ones that are positioned for success, & Astar is no exception.

WASM Smart Contract

In the last two months, they have delivered the first commercial WASM smart contract environment (Shiden) on Kusama, implemented dynamic dApp staking inflation, and cross consensus messaging XCM.

In addition, to the technical progress on Astar, their dApp ecosystem is also growing. They are super excited to have some key projects building on Astar.

Developments

Now, the exciting developments coming to Astar this Summer. To introduce the community to their new All-Stars on Astar, they are going to have a Twitter Space together with Algem, Sio2 Finance, Starfish, and Zenlink to prepare for Astar Summer this Thursday, please tune in to meet the teams.

Algem

The Algem a native liquid staking DeFi dApp on top of Astar Network offering new ways for ASTR users and holders to earn more. The Algem incentivises users to hold their tokens via the multi-level rewards system. Astar token holders can stake ASTR on Algem and make nASTR while earning the staking reward. nASTR can be used in several existing DeFi protocols like ArthSwap.

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Sio2 Finance

Sio2 Finance is the first multi VM lending platform on Astar. The strength of Astar is to support both Ethereum Virtual Machine and WebAssembly.

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Starfish Finance

Starfish is the DeFi × NFT-Fi headquarter on Astar Network in the Polkadot ecosystem. It is a one-stop DeFi journey with multi-token stablecoin swap, based on Balancer V2, cross-chain aggregation for crypto assets and NFTs, and unleashing liquidity potentials in NFTs.

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Zenlink

Zenlink is a cross chain DEX protocol for better composability on Polkadot. The Zenlink allows users to swap Polkadot ecosystem tokens. The Zenlink DEX Protocol includes WASM and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

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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. Offers the best technology solutions & financial incentives via its Build2Earn and Astar Incubation Program for Web3 developers. To build on top of a secure, scalable, and interoperable blockchain.

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