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Paris, France, 30 September 2022, Chainwire
Starfish Finance, a DeFi project running on Astar Network, shared their vision of how NFTs and decentralized finance will converge on Polkadot. The community-driven project predicts that the DeFi and NFT worlds will eventually merge, with Starfish Finance ($SEAN) forming a bright star that will act as a bastion to host this union.
Starfish Finance is one of many planets orbiting the Astar Network ecosystem, one of the brightest parachains in the Polkadot galaxy. Inhabiting that major planet is a starfish named Sean who has vowed to venture into the galaxy and build a new castle.
Starfish protocol is based on Balancer v2. This gives users the freedom to create liquidity pools of up to eight different crypto assets on top of her full-stack DeFi suite of products. Beyond the DeFi functionality, a user can stake her NFT on the native chain via Celer Network’s IM framework, an inter-chain messaging mechanism, and enjoy collateralized lending and borrowing of his NFT across chains. .
The Starfish Finance protocol has been audited by CertiK and the Starfish team emphasizes that community security is a top priority. The team is currently preparing to work with a well-known NFT project to provide liquidity and allow owners to access capital without giving up ownership of their prized collectibles. Already listed on Huobi, a major top-tier centralized exchange, the team is eyeing more listings that may be announced as the protocol develops.
From its inception, Starfish Finance has positioned itself as a one-stop-shop offering multi-token stable weighted swaps and embracing the multi-chain future. Starfish started the year with conception, fundraising, forming strategic partnerships, building an inclusive community, and launching a testnet. For the rest of 2022, the team will roll out his DeFi suite and improve his NFTs secured lending and borrowing launch on the roadmap.
The final formation of the Starfish DAO called The Aquarium will pave the way for everything that comes next. Community councils are tasked with fostering different parts of the project, from product to art, technology to marketing. Community members not only manage events and activities to grow the multi-chain Web3 economy, but also play a major role in the onboarding and whitelisting of new NFT projects as eligible collateral for her NFT-Fi in Starfish. fulfill.
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