Introduction

As Astar zkEVM mainnet is getting ready to launch, we plan to extend our DEX to this new frontier.

Thanks to the support of our community, we currently boast the largest TVL on Astar EVM and the entire Polkadot Ecosystem. Similarly, in zkEVM, we aim to contribute to the Astar ecosystem by providing deep liquidity and high swap efficiency.

In this article, we will explain why we are expanding to zkEVM, the added value we offer amidst other DEXs, and how this contributes to the growth of ArthSwap and Astar Network.

Executive Summary

• In short, in addition to becoming “DEX on Polkadot” through XVM and XCM as outlined in our recently announced Growth Strategy, we aim to become “Defi Hub connecting Polkadot and Ethereum” by expanding into zkEVM, that is, Ethereum Layer 2, with Astar move.
• This also delivers high value to ArthSwap holders. We also announced to make ARSW token deflationary and are progressing with preparations. A portion of the trading volume generated on zkEVM will also be allocated for buybacks.

Defi Hub connecting Polkadot and Ethereum

Polkadot and Ethereum, each with unique strengths, have led the cryptocurrency world with innovative technologies and ideas. However, these networks are currently fragmented. By releasing zkEVM, we aim to become a central hub connecting Polkadot and Ethereum.

First and foremost, we will launch on Astar zkEVM, Ethereum Layer 2. This allows us to serve Ethereum users and assets that were previously out of reach. Initially, the connection between Ethereum and Polkadot may involve bridges, but our future goal is to achieve cross-chain connectivity between zkEVM (Ethereum) and Astar EVM (Polkadot).

Next, we will connect the Astar EVM and Astar WASM through XVM. This will enable liquidity and interoperability between EVM-based and WASM-based applications.

Finally, we will use XCM to strengthen the cooperation between Astar Network and other Parachains within Polkadot.

Our goal goes beyond the role of a DEX on Astar; we aim to establish ourselves as a “DeFi Hub” connecting Polkadot and Ethereum. Through this hub, we expect to enhance asset liquidity and simplify the transfer of assets between different blockchains, opening the door to the future digital asset ecosystem for investors, developers, and users.

Shaping $ARSW into a Deflationary Token

As the initial Farming Emission set in our tokenomics concludes in 2024 January and inflation weakens (now extra farming is ongoing and we plan to allocate a bit of ARSW as farming on zkEVM), our plan involves using a portion of the trading volume to buy back & burn ARSW, thus achieving deflation. A portion of the trading volume generated on zkEVM will also be allocated for buybacks.

Some campaigns will be coming…

To boost the launch of Astar zkEVM, we are currently planning a launch campaign in collaboration with several protocols scheduled to deploy on zkEVM. Let’s all come together to make the launch exciting. Stay tuned!

Twitter | Discord | App

ArthSwap on Astar zkEVM was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone, this is the ArthSwap team.

A few days ago we told you all that we would be releasing our IDO Launchpad.

The first project on the IDO Launchpad is ARSW, ArthSwap’s native token.We would like to share with you an introduction to the ARSW token and how you can participate.

What is the ARSW token?

The ARSW token is the native token of ArthSwap, the №1 DEX built on the Astar Network.

• Total Supply: 1,000,000,000

We have successfully raised funds from various prominent VC’s including OKX Blockdream Ventures.

ArthSwap announces successful completion of fundraising from OKX Blockdream Ventures

It has a variety of planned uses, for example,

• The right to purchase tokens for various projects that will participate in IDO in the future
• right to join our incubation project(ArthShot,ArthShot-Lock,ArthShot-Airdrop)
• Collaboration with Gamefi Project
• Dual Mining
• Collaboration with IP project
• NFT Launchpad/NFT Staking

See our roadmap for more details.

ArthSwap Introduction

How to join ArthSwap IDO Launchpad

Finally,we're happy to share you for how to join our IDO launchpad!

Please note — ArthSwap IDO is only available on Google Chrome, PC and Metamask. The ArthSwap team will not respond to any problems that may occur in other environments.

Please access our website.

ArthSwap is the No.1 decentralized exchange with the largest community on Astar Network. It has very high APY and simple UI, quite easy to use.

From the top of the tab,you can see “IDO” menu,so please enter and connect your wallet.

This page is the top page of IDO. Currently only the first IDO token, ARSW, is shown, but many more projects will be listed and available for purchase using ARSW tokens!

Please enter "Commit tokens" button.

That page will take you to a screen where you can purchase tokens.
Here you can purchase ARSW using three tokens.

• ASTR
• USDT
• USDC

If you use ASTR, you get a 20% discount!

Here we will use ASTR tokens to purchase ARSW tokens.

In the field labeled Input, enter the amount of ASTR tokens you want to use for your purchase.

Once entered, you will see the estimated amount of ARSW tokens available for purchase using that token.

Please note — this is an estimated amount — ARSW tokens can be purchased for $0.5/ARSW, but you will not necessarily receive the amount listed under “Estimated ARSW” as it is subject to changes in the ASTR token price and the Gas Fee at the time of purchase. Please note that this is true for all IDOs.

Then press the Confirm button, complete the Metamask signing, and you’re all set to purchase your ARSW tokens!

If you are using USDC/USDC, don’t forget to Approve before Confirm, and by pressing the two buttons Approve and Confirm and Accept the Metamask popup, you can purchase ARSW The following table shows the list of the most popular products.

Once your purchase is complete, you will see the type and amount of tokens you comitted and the ARSW tokens you will receive.

Once the maximum limit of 500,000USD is reached, the IDO will close and purchases will no longer be possible.

How to claim your ARSW token

This ARSW token uses the Distribution Model. This means that you will not have immediate access to ARSW tokens after the IDO is completed.

The TGE timing for ARSW tokens will be the timing of the listing, as we have been telling our community for some time. So please note that this IDO does not mean that you will be able to Transfer the tokens you purchased immediately.

We will distribute ARSW tokens after the IDO is complete, based on the amount of ARSW tokens you receive. Please check our community for distribution announcements as we will be in touch with you shortly.

Good luck!

What is ArthSwap?

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!

We focus 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!

Twitter | Discord | Telegram | Docs | Website

This is all about how to participate in ArthSwap IDO Launchpad! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hi everyone. This is your ArthSwap team!

Earlier this week we announced the release of our IDO Launchpad in April. We are releasing our IDO Launchpad so that all of our users will have a better experience when using ArthSwap. To make this March even more exciting, we are now thrilled to announce that another giveaway campaign is coming your way! It is our IDO Launchpad Pre-Release Campaign!

How to Enter this Campaign

You will be eligible to share 100,000 ARSW tokens with other liquidity providers as long as you:

• Deposit at least 10,000 ASTR or 1,000 USDC on one side to our liquidity pools any time from 12:00am on March 17th, UTC to 11:59pm on March 29th, UTC; You can pair up the 10,000 ASTR or 1,000 USDC token with any other tokens you like;
• And keep the liquidity for a duration of at least 14 DAYS.

How to Claim your reward

Once you have successfully entered the campaign and kept the liquidity for at least 14 days, you can claim your reward using this Form. Please note that this form is best to be submitted 14 days after you provided the liquidity. After our tech team has confirmed your eligibility, your reward will be distributed to you in a timely manner.

FAQs

• Q: If I deposit twice the amount of the tokens required, will I get twice the reward too?
  A: No, you won’t. The rewards will be shared equally among the participants.
• Q: If I provide the liquidity twice the length of the required duration time, will the reward I will receive double?
  A: No, you won’t. The campaign ends 14 days after you make the deposit. You can still earn reward for providing liquidity to our pools but as for this campaign, it lasts for 14 days only.
• Q: Will I receive the reward for providing liquidity to your pools in addition to the reward I get from this campaign?
  A: Yes. This campaign is a warming up event before the release of IDO Launchpad and we want to give extra reward for those provide liquidity to our pools as a way to celebrate this milestone event for ArthSwap.

Final Words

As we are getting ready for the big release of our IDO Launchpad, we are reminded of those who have always been supportive and loving towards ArthSwap. This campaign is a way for us to say thank you, to all our users. We hope you will be with us for many more celebrations to come.

About ArthSwap

ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network. Its main functions are swapping, staking, liquidity mining, and we have more functions on the way!

We focus on the growth of Astar Network ecosystem and are willing to optimize all the elements for Astar Network. We, therefore, consider ourselves 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!

Twitter | Discord | Telegram | Docs | Website

Announcing ArthSwap IDO Launchpad Pre-Release Campaign! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone, this is ArthSwap Team.

Today, we are happy to tell you all that we have plans to release the IDO Launchpad in April!

What is IDO?

IDO stands for Initial Dex Offering and is an event to raise funds by issuing cryptos on DEX.

In this case, ArthSwap allows users to use ARSW tokens from their own wallets to purchase various tokens that will be listed on the ArthSwap IDO launchpad.

ARSW tokens are currently being distributed as a reward to users who provide LPs at ArthSwap. Tokens are Locked and tokens are not Transferrable for you. However, before the IDO Launchpad, ArthSwap will soon unlock your ARSW token and make it Transferrable through a TGE (Token Generation Event).Also,we are getting ready to make ARSW tokens available to everyone.

Since its release in January, ArthSwap has recorded one of the largest TVLs (more than 100M+!) and communities in the Polkadot ecosystem.

The IDO launchpad will be a powerful tool for us and our users to further develop and earn rewards in the future.

More details will be announced in the future regarding projects and timelines for listings on the ArthSwap IDO launchpad.

Want to earn more ARSW token before IDO?

We have plans to run a campaign before the IDO.
If you make a Liquidity Providing to ArthSwap during the campaign that will run before the IDO, you’ll get a chance to GIVEAWAY!

The details will be released within a week,so don’t miss this opportunity!

About ArthSwap

ArthSwap is a one-stop Defi protocol aiming to become a leading DEX on Astar Network&Polkadot.
Its main functions are going to be swapping, staking, liquidity mining, and we will have more functions on the way!
We focus 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!

Twitter | Discord | Telegram | Docs | Website

Ready to join the IDO at ArthSwap?IDO launchpad is coming soon! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone! We’re the Arthswap team, One-stop DeFi on Astar Network.

Today we’d like to share with you our vision, schedule, and last but not least, the campaign you’ve been wondering about.

We’re currently hard at work on a product release for the middle of this month, so we hope you’ll enjoy reading this article and spending some time waiting!

Vision

We are aiming for a one-stop Defi on Astar Network.

If you’re reading this article, you probably know what Astar Network is — it’s a project being developed by Stake Technology that aims to be a dapps hub within the Polkadot ecosystem. They won Polkadot’s 1st auction and are now officially connected to Polkadot’s relay chain. Astar is issued as a native token.

Astar Network and the token Astar have made quite a splash with a series of Polkadot auction, won by a strong community effort.

We, ArthSwap, will further contribute to the development of Astar ecosystem!

ArthSwap Schedule

We are working hard to become the largest and most trusted Defi platform in Astar Network.

Our schedule is to release the service in mid-January 2022.

We plan to offer Liquidity Mining at launch, which will allow you to get some tokens that you may be interested in in the future.

After that, we will gradually update Defi features such as Staking and Lending. Each feature will be updated monthly.

ArthSwap Campaign

Immediately after the launch, we plan to release a campaign.

We want to distribute tokens for the development of our ecosystem. The campaign will include partial airdrops of tokens to users of the service who have contributed to the development of the ecosystem.

There will be several more campaigns targeting early contributors who have made a commitment to the development of the ecosystem.

Information will continue to be posted on the following communities: Twitter, Medium, and Discord.

Stay tuned!

Let’s Join ArthSwap Community!

We believe that users’ opinions come first, and we aim to make the platform easy to use for everyone. Come and join our community!

Twitter:https://twitter.com/arthswap

Discord:https://discord.gg/YUdUwRS7VY

Telegram:https://t.me/+TI9ErKJiCMswODZl

For more information, please follow us on Twitter,Discord and Telegram!

We look forward to meeting you all!

It’sArthswap! One-Stop Defi on Astar is coming soon was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

ArthSwap announced today that it has raised a seed round of funding from DFG and LongHash Ventures.

ArthSwap is a one-stop defi built on top of Astar Network — the leading para-chain and layer1 solution on Polkadot.

There’s been a lot of buzzes even before the service was released.
The community surpassed 100,000 members within a week of the SNS release. Within a week of the service’s release, the community reached 100,000 members, and the TVL reached nearly 15 million.

This seed round of funding was supported by Next web Capital, a leading fund in Astar ecosystem, and two strong investors in Polkadot ecosystem.

“Arthswap is a Astar-native, super-agile and fast growing team. It is such an opportunity for us to support multi-chain defi project on Astar like Arthswap. Arthswap would become to fundamental infrastructure in Web3 world, growing with Astar Network.” Sota Watanabe, Next Web Capital Founder

“We are beginning to witness the growth of the most promising projects within Polkadot, and with ArthSwap as a one-stop hub for DeFi products that is taking a first-mover attitude, within the Astar Network, to offer the industry a highly efficient way to participate in liquidity mining, staking, lending and much more, we expect to seem them succeed thanks to the great team that has brought this project to life.” James Wo, DFG Founder and CEO

The funds raised will be used to increase commitment to the Astar Network and Astar community and ecosystem, and to accelerate development.

Being early investors in the Polkadot ecosystem, we have deep appreciation for the visionary approach of Astar. The hub is well positioned to capture the upcoming wave of adoption by preparing for multi-chain, Layer 2, and WASM.

We are excited to support the critical infrastructure on Astar/Shiden such as Arthswap. Shi Khai Wei , LongHash COO

We, ArthSwap, will continue to contribute to the expansion of Astar ecosystem and empowerment of the community to realize Huge TVL and increase Astar’s valuation.

About Next Web Capital

Next Web Capital is a global blockchain and Web3 accelerator enables founders across the ecosystem. With founding team of Astar Network and Japan’s most renowned blockchain incubator Fracton Ventures, we offer unique full-range support to startups through fundraising, forming token economics, technology guidance, marketing and community management.

About Digital Finance Group

Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm founded by James Wo in 2015 and has assets under management of over $1 billion. Through a wide range of sectors within the blockchain ecosystem such as Web3.0, CeFi, DeFi, NFTs, the Polkadot ecosystem, DFG intends to create value, through analytical research, based on the most impactful and promising global blockchain and Web3.0 projects that will bring a paradigm shift to the world.

About LongHash Ventures

LongHash Ventures is a global blockchain accelerator and investor building the native Web 3.0 blockchain economy. With a global network established across key technological hubs including Singapore, Shanghai, and Hong Kong, the company is committed to catalyzing growth for the next generation of blockchain startups. In parallel, LongHash Ventures offers end-to-end support across the spectrum of strategy formulation, go-to-market execution, and subject matter guidance across technology, marketing, and fundraising. LongHash Ventures is supported by Fenbushi Capital, Hashkey Capital under Wanxiang Group, and Enterprise Singapore, a statutory board under the Ministry of Trade and Industry.

What is ArthSwap?

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!
We focus 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!

Twitter | Discord | Telegram | Docs | Website

ArthSwap announces successful completion of fundraising from Next Web Capital, DFG & LongHash… was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone, this is the ArthSwap team.
We’re proud to announce that we’re upgrading our product today and releasing the updated version to you!

For this main update, we have incorporated the feedback from our users.

1. Started support SDN token&token pairs
2. Add USDC-USDT pairs
3. Improved usability

1. Started to support SDN token&token pairs

From this version, SDN is newly listed as a usable token!

You can transfer the token on the Shiden network to Astar Network via cBridge, and use ArthSwap to wrap SDNs and swap them into Astar tokens, BUSD, or ETH.

Moreover, new SDN pairs (wSDN-wASTR) will be also added to the LP Pool.

Click here to see how you need to transfer your Shiden via cBridge!

2.Add USDC-USDT pairs

After a quick survey for our community, we realized that for many users, a pair of stable coins is the most popular.

(We always want feedback on what kind of token pairs you guys would like to see.If there’s a token pair you want, send us your feedback from here!)

That’s why we’ve added a new USDC-USDT pair as an LP in this release!
With this update, you will be able to earn rewards on Astar Network by using stable coin pairs!

3. Improved usability

In order to improve the usability for users, we have improved the UI UX by visualizing the transaction history via Blockscout and fixing minor bugs.

ArthSwap, with these new improvements, is available from here.

ArthSwap is the No.1 decentralized exchange with the largest community on Astar Network. It has very high APY and simple UI, quite easy to use.

If you are not sure how to use ArthSwap, this article will be of complete help to you.

This is all about getting $ARSW tokens for you!

And in the next update, a bridge from the BSC and BUSD will be finally live!
Stay Tuned!

How to get more rewards

We are currently running an airdrop as part of our release campaign.

We’re giving away 1,000,000$ARSW tokens in a split to everyone who contributes $10,000 USD or more as an LP!
Please check this page for more details.

What is ArthSwap?

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!
We focus 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!

Twitter | Discord | Telegram | Docs | Website

Shiden network support&USDT-USDC Pairs are available in ArthSwap! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone, this is the ArthSwap team.
We’re proud to announce that we’re upgrading our product today and releasing the updated version to you!

For this main update, we have incorporated the feedback from our users.

1. BSC support, BNB added
2. Polygon support, Matic added
3. UI update

1. BSC support, BNB added

We have added support for the BSC chain, which has been requested by many users!
Now you will be able to transfer assets on BSC to Astar mainnet.

Also, in response to users’ requests for BNB, we have made BNB available and added a new token pair! (BNB-wASTR).

You will be able to transfer BNB on BSC to BNB on AstarNetwork via cBridge and from now on you will be able to offer and reward LPs on ArthSwap.

2. Polygon support, Matic added

In addition to BSC support, we also have added support for the Polygon chain, which has been requested by users as well!
Plus, we have made Matic available and added a new token pair! (Matic-wASTR).

You will be able to transfer Matic on Polygon to Matic on AstarNetwork via cBridge and from now on you will be able to offer and reward LPs on ArthSwap.

3. UI update

We have added a feature that many users have requested.

• In the Pool tab, you can now see which LP pair you are currently mining.
  The reward pool will be displayed in an upcoming update.
• Minor UI fixes, including logo.

More features will be added in the future.
Stay tuned!

About ArthSwap

ArthSwap is a one-stop DeFi protocol aiming to become a leading DEX on Astar Network.

ArthSwap is the No.1 decentralized exchange with the largest community on Astar Network. It has very high APY and simple UI, quite easy to use.

Its main functions are swapping, staking, liquidity mining, and we plan to have more functions on the way!
We are focusing on growth in the Astar Network ecosystem and are willing to optimize all the elements for Astar.
ArthSwap is to Astar, as what Trader Joe is to Avalanche, as what QuickSwap is to Polygon, as what Uniswap is to Ethereum!

Twitter | Discord | Telegram | Docs | Website

BSC&Polygon network support is live in ArthSwap! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone! We’re the Arthswap team, One-stop DeFi on Astar Network.

Today we’d like to share with you about us, and our campaign details.

Index

• What is ArthSwap?
• What is Astar Network?
• Coming Campaigns
• Tokenomics
• Roadmap

What is ArthSwap?

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!
We focus on growth in 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.

Our key features:

• Simple UI/UX
• Very High APY

You will be able to try these features after ArthSwap’s launch, stay tuned!

What is Astar Network?

Astar Network (previously known as Plasm) is a Build2Earn dApp hub on Polkadot that supports EVM and WASM. Since Polkadot Relay Chain doesn’t support smart contracts, Astar aims to be a multi-chain smart contract platform that supports multiple blockchains. By developing smart contracts on Astar, developers can deploy their products on Polkadot’s ecosystem.

Astar has a feature called dApps staking, which allows developers to earn revenue by developing Apps/infrastructure on Astar. In most blockchains, developers earn income from sales and a bit of grant. However, on Astar, there are more financial opportunities for developers.

Like Dr. Gavin Wood said, Ethereum’s EVM is right now, but WASM is the future, and Astar will support both EVM and WASM. Thus, we believe there will be many more developers in Astar’s ecosystem.

From there, we see the future in Astar Network with many developers in the ecosystem. This is why we risk everything on Astar Network.

Astar Network’s communities are the following, and stay tuned for more information!

Website | Twitter | Discord | Telegram

Coming Campaigns

We will hold 3 campaigns as a launch event.
Each condition is as follows.
Make sure you don’t miss them!

First Campaign

• We will hold a giveaway of 5,000,000 $ARSW.
• You will need to finish some activities on the campaign page.
• Token will not be distributed at the moment but will be in Q1.
• Campaign period: January 12 (Wed.) — January 23 (Sun.)

You can check the campaign page from here!

We are planning to have some more campaigns!
Please follow us on twitter, telegram and so on.

Tokenomics

Ticker
ARSW

Distribution
Total supply : 1,000,000,000
Months to emit : 24months
Liquidity Mining : 35%
Community Growth : 15%
Early Contributor : 10%
Dev Team : 20%
Potential Investors : 20%

Our Roadmap

ArthSwap’s brief roadmap is as follows.

Q1
Product ver. 1 release(a few days after Astar Network is launched)
Untransferable token distribution

Q2
Listing on Exchange
Enabling token transferable
Product ver. 2 release

Join ArthSwap Community!

We believe that the users’ opinions come first, and we aim to make the platform easy to use for everyone. Come and join our community!

Twitter:https://twitter.com/arthswap
Discord:https://discord.gg/YUdUwRS7VY
Telegram:https://t.me/+TI9ErKJiCMswODZl
Docs : https://docs.arthswap.org/
Website: coming soon!

For more information, please follow us on Twitter, Discord, and Telegram!

We look forward to meeting you all!

Don’t miss ArthSwap Launch Strategy! was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.

Hello everyone! This is ArthSwap Team.

We did an AMA with Astar Degens on February 16 at 2:30 UTC. This was our first AMA, but we had a great turnout of over 50 users!

Thank you for being a part of our first AMA with Astar Degens.

In Case you missed our AMA with Astar Degens, We’ve got an AMA recap for you to read and understand better.

Please note: This transcription was contributed by Jb_blah,and we thank him for his contribution.

It was the first AMA of ArthSwap. The ArthSwap and Astar Degen’s team hosted this AMA in Arthswap Ofiicial discord server on 16th February 2022 at 14:30UTC.

• ArthSwap Speakers: Maggie, ArthSwap Chinese Community Manager
• Astar Degens’s Speakers: VD and Dr. Preposterous, Astar Degens Founder

The AMA starts with Arthswap and Astar Degens introducing themselves. Next, each team answers three pre-selected questions from the ArthSwap and Astar Degen's members.

Maggie (From ArthSwap):

Hi, everyone. Welcome to our AMA. Today’s AMA is brought to you by our swap and Aster degens. My name is Maggie. I’m one of the community managers of our swap. First, I will give you a quick introduction of what our swap is and what our swap does. So our swap is a one-stop defi platform on the Astar network. We focus on the growth of the Astar network ecosystem. We’re willing to optimize all elements to contribute to the expansion of the Astar network ecosystem. We plan to have all the features needed for the defi platform in the future. Currently, we provide swapping and liquidity mining. That means you can easily swap between Etherium Bitcoin, Aster token, and other stable coins such as USDC, tether USD, or Dai. Liquidity providers can currently earn as much as 400% estimated APR on our swap. The rewards for liquidity mining would be our swap token, which will be listed and made transferable in the second quarter of 2022.

VD (from Astar Degens):

Astar Degens started as an NFT collection. I’ve been lucky enough to be involved with many NFT projects but came across the issue of community members not being rewarded after NFT minting. So, the Astar Degen NFT collection will have utility — it makes holders co-owners of the project — becoming a part of the DAO and direct treasury.

70% of NFT minting fees go back to DAO treasury. The DAO treasury is used to support partners like Arthswap or other Astar projects. It “gives the boost that new projects need.”

Also, we support new ideas of the community. You bring your ideas to the DAO. And then the DAO will vote whether to support — a “collective decision.”

And rewarding contributors is also important, just like Arthswap is currently rewarding AMA notetakers. The core ideas of Astar Degens are:

• Give back to the community.
• Become a strong part of the Astar and Polkadot ecosystem.

Dr. Preposterous and Mario are part of the core team. Dr. Preposterous has been key to engaging the community to develop a Mission Statement and Vision Statement. Mateo, responsible for bringing us Shiden Monsters, is developing Astar Degens NFT minting.

The DAO fund is initially built through NFT minting.

Dr. Preposterous (from Astar Degens):

The DAO is initially being bootstrapped via minting. To give us a treasury to work with and develop ideas. We encourage you to come and participate in the development of Astar Degen on Discord. Our tribes create ideas, like the Vision Statement and Art, and bring them forward to the DAO to be voted.

We are incubators — a dynamic beast that is growing and morphing. We must encourage two things: Fearless participation. Make sure to bring up any ideas you have — active reward participation.

Astar Degens provides the conduit for little fish to bring forth their big ideas.

Currently, we are interested in ideas to maximize the treasury’s impact.

VD (from Astar Degens):

I want to bring up that no specific forms are needed. Just hop on and share ideas. It is an “informal community-based VC.”

Maggie (From ArthSwap):

Also, it’s important to note that Astar Degens and Arthswap will work together in the future and co-operate. Stay tuned for exciting news about this future.

Let’s move to questions from the community,

I know that we have taken a lot of questions from our users. And we have three main questions that we want Astar Degens to answer.

PRE-SELECTED COMMUNITY QUESTIONS

Question 1: To incubate projects, we need to have funds. How will Astar Degens set up funds?

Dr. Preposterous (from Astar Degens):

Minting will generate initial capital, and it will be locked in a DAO wallet. Then we will look to have 1.) dApp staking and 2.) NFT staking. Community members have already applied for dApp staking. But we want all new ideas. We don’t wish VD, Mario, and me to sit at the top. We want the community to come up with new ways to generate funds. Also, the funding needs to be sustainable and safe. VD, do you have anything to add?

VD (from Astar Degens):

It’s important to know we are like a grassroots project just nudging an idea. Our goal is to connect founders and creators to the right people in the Astar ecosystem.

Dr. Preposterous (from Astar Degens):

To percolate ideas via community and reach out to leaders and teams in other communities. Already, we can see some community members are connecting us to other projects and media outlets to do AMAs. Like Arthswap or Wagmedia.

Question 2: What is staking going live, and will there be NFT staking?

VD (from Astar Degens):

We’ve had a heated debate on Discord because Astar Degens has the core value of supporting the community. The idea is to invest in promising projects and use a portion of these to reward the community. Please, keep an eye out for an announcement on this.

Question 3: What are some future projects or partnerships?

VD (from Astar Degens):

We can’t give too much away because we are still in the idea phase. But we don’t want to limit Astar Degens to Astar alone. We want to give to the entire Polkadot ecosystem. All I can say is we want to reward everybody in the Polkadot ecosystem. Maybe a game or something like that.

Dr. Preposterous (from Astar Degens):

We are currently focusing on having AMAs and creating a network effect in Dotsama. We have already enjoyed a good partnership with Arthswap. It’s great.

A focus right now is on infrastructure ideas. How to create governance? How to have good governance that is safe with the community. The community should feel safe when they financially and emotionally invest with Astar Degen. We don’t want to put the cart before the horse here.

Questions For ARTHSWAP

Question 4: What makes ArthSwap different from other defi protocols?

Maggie (From ArthSwap):

Arthswap is the largest Dex on Astar, and Astar is one of the largest projects on Polkadot. Astar is also backed by Dr. Gavin Wood. Also, we offer an attractive and high APY for supporting ArthSwap.

Question 5: What are the #1 goals of ArthSwap?

Maggie (From ArthSwap):

Primarily, we want to expand our TVL and increase our APY. We currently have 50 million TVL and wish to become the #1 defi protocol. Again, we are at the center of Astar, which is one of the largest projects in the Polkadot ecosystem.

Question 6: What are the new and future strategies of ArthSwap?

Maggie:

As our defi platform grows, our APR will mature. This means we are looking to develop various uses for the Arth token. Currently, we have two strategies:

• We are building a staking feature for ARTH token on ArthSwap.
• Our Ideal Platform. The Ideal Platform will list promising projects like Starley.

With these strategies, our token will grow in value.

VD (from Astar Degens):

I promised the community some alpha during this AMA, and I want to share it. We have had a challenge with the DAO wallet and want to use the multisig feature that is coming to Astar. However, currently, we can only have one signature for the wallet. So, we have approached Sota Watanabe to have the keys to the wallet, and he accepted. Sota will guard the wallet keys of Astar Degen. Not the team members. And it will be public. Because Sota has come forward to help us out, I hope everybody is reassured that:

The funds of the treasury are safe. Have faith in the project that is supported by the Astar team

Dr. Preposterous (from Astar Degens):

It’s important to realize the core group has been grinding to make these possible, but we still want to encourage all communities to come and participate.

OPEN FLOOR QUESTIONS

Question 7: Are the team members on Astar, ArthSwap, and Astar Degens different?

Maggie (From ArthSwap):

I want to say that both Astar Degens and ArthSwap are spun up from the Astar ecosystem. Specifically, ArthSwap is a part of the Astar builder’s program. Do you have anything VD?

VD (from Astar Degens):

Yes. I have been participating with Astar since it was known as Plasm. I always had the idea to make an NFT collection but didn’t want to go the wrong way. There are a lot of scams out there. When I saw Shiden Monsters, I had the idea to follow through with the concept on Astar.

I know Mamora from being involved with Astar, and he is a good friend. He liked my idea and helped me approach the Astar team.

And Mario helps with building smart contracts and building the site, which will be released soon.

Even though we are a part of Astar I want to say that the DAO is for the community.

Question 7: Will each one of the NFTs be unique?

VD (from Astar Degens):

Yes. They will be unique and randomly generated with traits. We have shared what some of these traits are to the community. None of the 10 000 NFTs will be the same. I want the community to have something unique. Similar traits, but unique.

Question 8: I am excited to see community participation. Let’s keep going. I have a suggestion. I think it would be worthwhile to make weekly reports so everyone could stay up-to-date and participate.

Dr. Preposterous (from Astar Degens):

This is a good idea. It will help the community make informed decisions about the DAO.

Question 9: What is the TVL goal of ArthSwap?

Maggie (From ArthSwap):

10 billion in TVL. We want to be number one, comparable to Uniswap, Benqi, or Trader Joe. Currently, we are at 50 million in TVL.

Question 10: Will there be an NFT burn for Astar Degens?

VD (from Astar Degens):

I don’t foresee this being a problem. I believe they will all be minted. But in case it is a problem, which is unlikely, there will be a surprise for all NFT holders.

Question 11: What coin will we need to mint NFTs?

VD (from Astar Degens):

You will need an Astar token on your Metamask wallet.

Dr. Preposterous (from Astar Degens):

I suggest anyone who wants help check out the Discord. There are videos tutorials on how to do that. Also, when you find the video help others who have the same question by sharing the video with them directly.

VD (from Astar Degens):

These efforts of the community are helping Astar and the entire Polkadot ecosystem. Our detailed videos show how to use the wallet and transfer it from Astar Portal Wallet to an EVM wallet.

Question 12: Will there be an NFT marketplace on ArthSwap?

Megan (from ArthSwap):

We are thinking about this, but there are other projects on Astar that are already preparing for an NFT Marketplace. But we are planning for NFT marketplace and NFT staking.

Maggie (From ArthSwap):

Thanks, community and Astar Degens.

Dr. Preposterous (from Astar Degens):

Then you, and, please, if you have ideas, then fire questions and comments on our Discord. Join in the conversation to build the blockchain space.

VD (from Astar Degens):

Thank you.

About ArthSwap

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!
We focus 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!

Twitter | Discord | Telegram | Docs | Website

3

AMA Recap!－ArthSwap×Astar degens was originally published in ArthSwap Global on Medium, where people are continuing the conversation by highlighting and responding to this story.