Starfish Finance

Starfish Finance is a pioneer project in the Astar incubation project and the first decentralized finance (DeFi) and nonfungible token (NFT) finance platform on Astar Network. Based on an enhanced Balancer version 2.0 model, the architecture of Starfish Finance is built around three pillars: stablecoin liquidity pools, cross-chain DeFi and NFT finance.

• Multi-token pools with multiple leading stablecoins

Starfish supports liquidity pools consisting of up to eight crypto assets with customizable weighting, offering more flexibility and risk management for DeFi users. Users can farm yields on Starfish’s stablecoin liquidity pools. Beyond Astar and Polkadot native stablecoins, the pools will support leading ones such as USDT, USDC and Dai.

• Boosting cross-chain liquidity efficiency

With its strategic partner Celer Network, and the recent cross-consensus messaging format (XCM) update on the Polkadot ecosystem, users will be able to bridge their crypto assets across different layer-1 (L1) and layer-2 ecosystems. 

Cross-chain NFT lending and borrowing

The latest Celer’s inter-chain message framework is fused within the Starfish Finance protocol. Users can securely lock their NFTs on their native chains, enabling them to borrow various crypto assets cross-chain on Astar Network. Starfish Finance also adopts Decentralised Information Asset’s decentralized oracle to acquire tokens and NFT price feeds instantly across centralized exchanges and various L1 ecosystems, including multiple NFT marketplaces, decentralized exchanges and DeFi protocols.