Incubating promising projects and bringing new ideas to the Astar Ecosystem with the help of a community-governed DAO fund.
AstridDAO is the third project incubated by the Astar Incubation Program, following ArthSwap and Starlay. AstridDAO is a multi-collateral stablecoin built on Astar Network and for the Polkadot ecosystem. AstridDAO allows users to deposit various crypto assets including $ASTR, $BTC, $ETH, $BNB, etc., and borrow BAI, a fully backed stablecoin hard-pegged to the US Dollar, at a 0% interest rate with a minimum collateral ratio. With the $ATID token and $veATID token, people can vote to increase the reward weight of a stability pool, add new collateral assets, and more. BAI holders will be able to farm on different protocols on Astar Network to receive rewards and interest.
ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network. Its main functions are going to be swapping, staking, liquidity mining, and we will have more functions on the way! ArthSwap focuses on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar, so we consider ourselves as an “Astar-native” dApp. ArthSwap to Astar is what Trader Joe is to Avalanche, what Quickswap is to Polygon, and what Uniswap is to Ethereum!
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