The inevitable: This project thinks the worlds of DeFi and NFTs are about to merge
A community-driven platform is making a daring prediction for the longer term: the worlds of DeFi and NFTs will ultimately fuse and kind a brand new, brighter star.
Starfish Finance says its infrastructure has been in-built anticipation of this occurring — and it is primarily based on Astar Community, one among Polkadot’s high parachains.
The Starfish protocol relies on Balancer V2. Customers have the liberty to create liquidity swimming pools of as much as eight totally different cryptoassets on high of a full stack DeFi product suite. Past its DeFi capabilities, customers can stake NFTs on their native chain by Celer Network’s latest IM framework, an inter-chain messaging mechanism, in order to get pleasure from cross-chain NFT collateralized lending and borrowing on Starfish Finance. The Starfish Crew has careworn that the neighborhood’s safety is their primary precedence, and the protocol has handed CertiK’s audit.
Starfish’s management is now getting into into collaborations with famend NFT initiatives — all with a imaginative and prescient to offer liquidity to collectors who would in any other case must promote their beloved possessions. This state of affairs will turn into more and more related because the market matures sooner or later, the place NFT belongings can be our digital commodities. A number of main centralized trade area stations have simply docked Starfish spaceships notably Huobi. The crew anticipates extra itemizing bulletins will come because the venture develops.
As part of Starfish’s cultural motion to invade Web3, the venture has created a Web3 personality test — a enjoyable means to determine what sort of investor you’re.
The Starfish means
From the start, Starfish Finance has been positioning itself as a one-stop journey that gives multi-token secure and weighted swaps — and embraces a multi-chain future. Starfish leaders say the model stands for neighborhood, collaboration and comfort — the protocol’s three core values — getting ready for the approaching future the place NFT-Fi will turn into an indispensable element in Web3.
Starfish Finance began 2022 with conception, fundraising, forming strategic partnerships, constructing an inclusive neighborhood, and testnet launch. For the remainder of 2022, the crew will roll out their DeFi suite and anticipate their NFT collateralized lending and borrowing launch within the roadmap.
The eventual formation of Starfish DAO — dubbed “The Aquarium” — after the mainnet launch will sow the seeds of Starfish’s motto: “Buidling whereas vibing.”
The neighborhood council can be tasked with nurturing totally different components of the venture, from product to artwork, and from know-how to advertising. Neighborhood members will play a giant half in onboarding and whitelisting new NFT initiatives as eligible collateral for Starfish’s NFT-Fi, along with managing occasions and actions to develop the multi-chain Web3 economic system.
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