HomeNewsAstar Network unveils $100M fund to support DeFi developers, projects

Astar Network unveils $100M fund to support DeFi developers, projects

- Advertisement -


Astar Network, a multi-chain dApp hub, announced Friday the launch of a $100M all-in-one fund that seeks to offer liquidity, financial support, and incentives to DeFi developers and projects. The fund has already been opened up for DeFi applications on Astar such as ArthSwap, PolkaEx, and Celer cBridge.

The latest initiative came after the network raised roughly $22 million from its latest funding round led by Polychain Capital. Companies such as Alameda Research, Alchemy Ventures, Animal Ventures, Crypto.com Capital, and Digital Finance Group, also contributed to the funding round.

Astra Network is also the third winner of Polkadot’s parachain auction, an ongoing auction where a limited number of blockchains can be connected to Polkadot’s relay chain by collecting the largest amount of DOTs from supporters.

The network currently supports Ethereum, WebAssembly, and layer 2 solutions’ based dApps on its platform with more than $500M TVL. With the recent boost program, Astar seeks to support and incentivize more projects and developers looking to build on Astar Network.

Sota Watanabe, the founder of Astar Network, said in a blog post issued today:

“Astar Network will support projects committing to Astar financially by Astar Boost Program as well as dApp Staking, our original incentive system for developers. We expect to grow rapidly together. Through this program, our community will be extra rewarded for their on-chain activity.”





Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,578FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,793.00
ethereum
Ethereum (ETH) $ 3,123.79
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 339.81
litecoin
Litecoin (LTC) $ 133.75
eos
EOS (EOS) $ 2.58
okb
OKB (OKB) $ 21.99
tezos
Tezos (XTZ) $ 4.29
leo-token
LEO Token (LEO) $ 6.21
cardano
Cardano (ADA) $ 1.16
monero
Monero (XMR) $ 179.74
stellar
Stellar (XLM) $ 0.231064
chainlink
Chainlink (LINK) $ 17.79
huobi-token
Huobi Token (HT) $ 9.99
tron
TRON (TRX) $ 0.066376
usd-coin
USD Coin (USDC) $ 0.998133
dash
Dash (DASH) $ 114.26
neo
NEO (NEO) $ 24.96
iota
IOTA (MIOTA) $ 0.965343
nem
NEM (XEM) $ 0.116434
zcash
Zcash (ZEC) $ 126.92
maker
Maker (MKR) $ 2,118.57
paxos-standard
Pax Dollar (USDP) $ 0.996721
ethereum-classic
Ethereum Classic (ETC) $ 36.36
vechain
VeChain (VET) $ 0.064129
true-usd
TrueUSD (TUSD) $ 0.998541
ftx-token
FTX Token (FTT) $ 44.97
kucoin-shares
KuCoin Token (KCS) $ 20.32
waves
Waves (WAVES) $ 10.84