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 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.

What is dApp staking?

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 rewards. 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 divides into 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.

Moreover, on Astar, as long as a dApp nominates, developers can receive a basic income. 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.

How to use dApp staking

1: Buy ASTR Tokens

• Get your hands on some Astar tokens $ASTR.
• You can buy them on Binance, BKEX, and OKX.
• The full list of markets can be found here: https://www.coingecko.com/en/coins/astar

2: Create a Substrate-based Wallet

• To learn how to create a Substrate-based wallet
• Please click the link below: https://polkadot.js.org/extension/

3: Go to Astar Portal and Connect Your Wallet

• When you have the ASTR tokens go to the portal: https://portal.astar.network/
• Connect your wallet to Astar Network.
• Click on ‘Store’ and look for our project: Zenlink.
  

4: Add Your Staking Amount

• You can click on a project to know more about the smart contract used for dApp staking.
• To add your staking amount, just click on ‘Stake’ in the box and sign with your wallet on Polkadot.js extension.

 5: Add, Unstake, or Claim

• Once you have staked your tokens you can do three things: add, unstake, or claim.

1. Add: to stake more, you can add more ASTR in dApp staking.
2. Unstake: to unstake, you can claim your ASTR back.
3. Claim: (top of page): claim your rewards from all dApps you staked on. Every ERA you can claim for your rewards, but we recommend doing this once every week.

Furthermore, dApp staking is a unique differentiator that only Astar and Shiden have in the Polkadot ecosystem. As developers, Zenlink has chosen to build on Astar because this gives them the opportunity to earn tokens while building out their product.

ABOUT Zenlink

Zenlink is an underlying cross-chain DEX protocol base on Polkadot and commits to becoming the DEX composable hub of Polkadot.

Website | Twitter

ABOUT Astar Network

Astar is the largest smart contract platform in the Polkadot ecosystem, supporting both Wasm and EVM. While providing native access to the Polkadot ecosystem through its parachain slot, Astar also has bridges into other major ecosystems, including Ethereum, BSC, Cosmos, Polygon, and more.

Website | Twitter

SOURCE

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The post Zenlink dApp Staking On Astar appeared first on Smart Liquidity Research.

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 also includes Module, WASM, and EVM implementations, which are flexible and adaptable, allowing for customizable compositions and interoperability with different DeFi modules.

In addition, the Zenlink DEX Aggregator connects all DEX DApps on Polkadot and aggregates liquidity. It also provides users with a low slippage trading experience. Furthermore, Zenlink DEX Composable Hub enables developers to access the Zenlink DEX Module to build their unique DEXs, forming a DEX composable hub for the Polkadot ecosystem.

Moreover, Zenlink has received 2 rounds of Web3 Foundation Grants and investments from well-known institutions such as Alameda Research, Hashkey, IOSG, as well as OKX Blockdream Ventures, and Hypersphere.

Currently, Zenlink is live on Bifrost, Moonriver, and Moonbeam, and Astar is the next primary parachain it plans to integrate.

Zenlink Tokenomics

Moreover, Zenlink will issue only one set of ZLK tokens on both the Kusama and Polkadot networks. With a maximum supply of 100 million. In both networks, a 40% and 60% distribution ratio. For example,  40% of the tokens (40m ZLK) will be issued on the Kusama network and 60% of the tokens (60m ZLK) will be issued on the Polkadot network.
(plan to distribute the remaining 10M ZLK on the Astar network)

General Functions

Zenlink planning to deploy the full functions of Zenlink to Astar Network, which include:

• Hybrid AMM: inspires by Curve and Uniswap
• Smart Router: it can calculate the best swap routine for users.
• LP Farming & Staking: LPs can deposit their LP tokens into the contract to earn incentives after supplying liquidity to farming pools. Staking refers to the single token deposit, e.g. ZLK staking.
• Trade Minning: Zenlink gives certain incentives to traders who perform high-value swap transactions.

As the first native cross-chain DEX protocol base on Polkadot. Zenlink was use widely by the dotsama community on several parachains. This time, they want to bring Zenlink to the Astar Network. In this manner, users of the Astar Network can have the same great experience.

Furthermore, deploying Zenlink to the Astar network will not only provide a smooth and validated DeFi platform on the Astar network. It also helps the entire Astar ecosystem grow, but Astar users will also connect to other parachain ecosystems through Zenlink.

ABOUT Zenlink
Zenlink is the one-stop shop for trading Polkadot assets, the DEX Composable Hub between all parachains.

Website | Twitter

ABOUT Astar Network
Astar is a multi-chain smart contract platform that supports multiple blockchains and virtual machines.

Website | Twitter

RESOURCES
Astar Forum 

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