Initially, Terraswap was the only AMM on Terra. However, recently we have seen the appearance of some new AMM projects, which can challenge the dominant position of Terraswap. One notable name is Astroport - an AMM defined as an innovative version of Terraswap. In this article, let’s find out what innovation Astrport brings to the AMM landscape on Terra.
What is Astroport?
Astroport is an AMM on Terra. With the innovation in the AMM model, Astroport is expected to be the liquidity hub for all of the assets on Terra.
Besides the upgrade in the AMM model, Astroport also offers an attractive feature: dual liquidity mining and an innovative way to leverage the use case of the ASTRO token.
How does Astroport work?
The innovation in the AMM model: Traditionally, each AMM only offers a certain type of liquidity pool, which is suitable for a limited type of assets. For example, Constant Product Pools are great for highly volatile assets, Stableswap Invariant Pools work well with stable assets while Liquidity Bootstrapping Pools are fit for new tokens. However, Astroport offers all 3 types of liquidity pools to be the ideal exchange platform for any type of asset.
Dual liquidity mining: People who join liquidity mining on Astroport will earn not only the ASTRO token but also tokens from other projects on Terra. This dual farming is enabled by ASTRO Generators - proxy-based smart contracts. Users just need to deposit their LP tokens into the ASTRO Generator. It will then act on behalf of users to deposit and earn third-party tokens through a staking proxy.
Leverage ASTRO’s utility: ASTRO’s utility is measured via xASTRO and vxASTRO. People stake ASTRO to receive xASTRO and stake xASTRO to receive vxASTRO. Therefore, vxASTRO shows a higher level of commitment, which means more benefits in fee-sharing and governance power.
What is ASTRO token?
ASTRO is the native token of Astroport, which can be used to participate in governance activities and earn shared revenue from the protocol.
Detailed information about ASTRO token
ASTRO Price Today
ASTRO Key Metrics
- Token Name: Astroport
- Ticker: ASTRO
- Blockchain: Terra
- Token Standard: Updating...
- Contract: Updating...
- Token type: Governance, Utility
- Total Supply: 1,000,000,000 ASTRO
- Circulating Supply: Updating...
ASTRO Token Allocation
ASTRO Token Sales
Astroport has no pre-sales.
ASTRO Release Schedule
- LPs: 20% will be distributed through the ASTRO Generator during the first 12 months of ASTRO Generator emissions. Each year to celebrate the ASTRO Generator launch date, the rate of ASTRO Generator emissions will decrease by 20% until there are no more ASTRO to be emitted by the ASTRO Generator.
- Community reserve: Is released once Astroport is launched (expected date).
- Airdrop: Is released in 60 days after the Astroport launch.
- Astroport Joint Venture: Updating...
ASTRO Token Use Cases
ASTRO tokens have several use cases as follows:
- Earn shared revenue from the protocol.
How to get ASTRO token
At the moment, you can join the lockdrop event of Astroport to get ASTRO tokens.
How to buy ASTRO token
How to store ASTRO token
Team and Partners
Astroport is built by Delphi Digital Labs, IDEO CoLab Ventures, Terraform Labs and Astroport builders (the "Astroport Joint Venture").
Is Astroport (ASTRO) a good investment?
I hope that from all the mentioned information, you can get a basic understanding of Astroport to start researching more about this project. It is hard to tell firmly whether any project/ token is a good investment or not.
However, I will provide you with some key highlights of Astroport so that you can do your own research and make your own investment decisions:
Astroport is built on Terra, a fast-growing blockchain with lots of potentials to expand more in the future.
Astroport has lots of outstanding features (multiple liquidity pools, dual incentive,..) which can help Astroport attract liquidity from existing AMM on Terra, namely Terraswap.
Astroport is built by a high-quality team including Delphi Digital Labs and Terraforms Labs so we can expect certain legit from the projects.
Some similar projects:
- On Terra: Terraswap, Loop Finance,...
- On other blockchains: PancakeSwap (BSC), Raydium (Solana),...
That is all you need to know about Astroport. If you want to have more information about this project, feel free to comment down below. You can also join our community at Coin98 Community to discuss any topic that you are interested in.