Ultimate magazine theme for WordPress.

Starfish Finance proposes DeFi NFT convergence on Polkadot

September 30, 2022 – Paris, France

Starfish Finance, the DeFi project running on Astar Network, has shared its vision on how NFTs and decentralized finance will merge on Polkadot.

The community-driven project predicts that the worlds of DeFi and NFTs will eventually merge and form a brighter star, with Starfish Finance (SEAN) serving as the fortress hosting this union.

Starfish Finance is one of many planets orbiting the Astar Network ecosystem one of the brightest parachains in the Polkadot galaxy. On its home planet lives a starfish named Sean who has vowed to venture into the galaxy and build new castles.

The Starfish protocol is based on Balancer version two. It gives users the freedom to create liquidity pools with up to eight different crypto assets on top of a full-stack DeFi product suite.

Beyond DeFi capabilities, users can deploy NFTs on their native chain via Celer Network’s IM framework an interchain messaging mechanism Enjoy cross-chain secured NFT lending and borrowing.

The Starfish Finance protocol has been audited by CertiK and the Starfish team has emphasized that the security of the community is their top priority. The team is now in the process of collaborating with prestigious NFT projects to provide liquidity, allowing owners to access capital without relinquishing ownership of their prized collectibles.

Starfish Finance is already listed on Huobi, a large, top-tier centralized exchange, and the team is targeting additional listings that may be announced as the protocol develops.

From the start, Starfish Finance has positioned itself as a one-stop shop offering stable and weighted multi-token swaps and aiming for a multi-chain future.

Starfish started the year conceptualizing, fundraising, forming strategic partnerships, building an inclusive community and launching the testnet. For the remainder of 2022, the team will roll out its DeFi suite and refine its NFT-backed lending and borrowing roadmap.

The eventual formation of Starfish DAO, dubbed The Aquarium, will pave the way for everything that comes next. The local council is tasked with promoting different parts of the project, from product to art and from technology to marketing.

Community members will play a large role in onboarding and whitelisting new NFT projects as eligible collateral for Starfish’s NFT-Fi, in addition to managing events and activities to grow the multi-chain Web 3.0 economy.

Learn more about Starfish Finance here.


Partnership Lead, Starfish Finance

This content is sponsored and should be considered promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinion of The Daily Hodl. The Daily Hodl is not affiliated with or owned by any ICO, blockchain startup or company advertising on our platform. Investors should do their due diligence before making high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please note that you invest at your own risk and any losses you suffer are your responsibility.

Follow us on Twitter Facebook Telegram

Check out the latest industry announcements

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers

Comments are closed.

%d bloggers like this: