Starfish Finance — a multi-chain DeFi x NFT-Fi protocol in the Polkadot ecosystem.
About the Starfish Finance Protocol
Starfish Finance — an all-in-one DeFi journey with multi-token stable and weighted swap, based on Balancer V2, cross-chain aggregation for crypto-assets and NFTs, and unlocking liquidity potential in NFTs across several known ecosystems in the near future afterwards.
Project features:
| 1. | Trade tokens and stablecoins on multi-token pools. |
| 2. | Provide liquidity or create pools of up to 8 tokens and share trading fees. |
| 3. | Invest liquidity pool tokens in farms and get bonus rewards. |
| 4. | Stake on SEAN to earn USDC stablecoin as a share of the protocol revenue, generated from trading. |
| 5. | Bet DOT to earn sDOT and rewards. |
| 6. | Unleash the liquidity potential of NFTs as collateral for borrowing stablecoins. |
Starfish Finance is incubated by the Astar Builders program. The team is building the next generation DeFi x NFT-Fi headquarters on the Astar Network as part of the Polkadot ecosystem. Through user experience gamification, Starfish Finance offers a stablecoin and NFT-Fi swap in addition to an enhanced Balancer AMM model to increase the liquidity of cryptocurrency or NFT trading and financing.
This mechanism saves a significant portion of the gas fee in the process. Since only the final net amounts are transferred, the arbitrage threshold is significantly reduced.
SEAN token
SEAN token can be obtained by pre-staking (time-limited offer until AMM launch) and multiplying LP on Starfish farms.
SEAN will be dedicated to community growth, liquidity and ecosystem. The Starfish team views this distribution as the cost of user acquisition once Starfish is launched. Although the SEAN token is an ERC-20 token, they are EVM compatible and all of them can be deposited by users in third party pools on the Astar network and even other EVM compatible chains such as Balancer, Uniswap and Curve on the Ethereum chain for ease the rate of return.