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Astroport ✦

@astroport_fi

29 Dec

✦ INCOMING TRANSMISSION ✦

RE: Deployment of $xASTRO, $vxASTRO and the Astral Assembly

Now that the Astroport AMM has launched, focus shifts to activation of $ASTRO staking ($xASTRO), locking ($vxASTRO) and governance (via the Astral Assembly).

🧵👇

B/w the launch of the Astroport AMM and activation of the Astral Assembly a grace period was planned for important security-oriented reasons including:

(1) no matter how carefully engineered or audited, code always needs a trial period "in production" before it should be considered fully secure;

Read 13 tweets

Astroport ✦

@astroport_fi

28 Dec

Earlier today, Astroport blasted off for the stars 🌌

Users throughout the galaxy can now beam up to the ship to swap, LP, and claim their $ASTRO rewards.

Let’s look at some of the most common questions we’ve seen so far. TL;DR in 🧵/n or article 👇

astroport.medium.com/astroports-pos…

1/ Why is bLUNA-LUNA a constant product pool (XYK)?

In fact, bLUNA-LUNA is a stableswap pool. However, it was initially launched to imitate an XYK pool as bLUNA and LUNA are not trading 1:1 ⚖️

To protect LPs, we’re gradually increasing the pool’s amplification 🔧

2/ Where do xASTRO fees go before staking launches?

Currently, the fees are stored in the contracts, but they are not actively being swapped to $ASTRO. Thus, the contracts are accruing value 🪣

$ASTRO purchases will begin when the $xASTRO staking pool goes live ✔️

Read 6 tweets

Astroport ✦

@astroport_fi

22 Dec

Phase 2 is running for 34 hours. A good time to check how the pool is working and the current status.

TL;DR ASTRO-UST Pool:
11.5M $ASTRO deposited
16M $UST deposited

Rewards:
Current ASTRO/1k ASTRO deposited: 435 $ASTRO
Current ASTRO/1k UST deposited: 313 $ASTRO

🧵👇/n

1/ Let us start with the general goal of Phase 2.

During Phase 2, you can add either $ASTRO, $UST, or both to bootstrap the ASTRO-UST pool.

Phase 2 ensures deep liquidity for the crucial ASTRO-UST pool and defines a market value for $ASTRO.

2/ After Phase 2, you will own LP tokens representing your pool share. Thus, you will own ASTRO and UST upon withdrawing.

You can withdraw your LP tokens linearly over the next three months.

Note: During Phase 2, you can not withdraw $ASTRO you add. You can remove $UST added.

Read 6 tweets

Astroport ✦

@astroport_fi

19 Nov

To fully master AMMs, you must understand the holy trinity of Slippage, Price Impact, and Minimum Received.

As Astroport's launch approaches (Dec 20 👀), let's take a look at all three so Astrochads everywhere can ape safely.

🧵👇 /n

1/ Imagine you want to swap 100 $LUNA for $UST.

Astroport’s "Breakdown" section gives us an insight into the swap. We expect 4500 $UST in return, but a minimum of 4421 $UST. We also see a Price Impact of 0.002% and a Slippage Tolerance of 0.5%.

Why is that? 🤔

2/ AMMs like Astroport do not update their price as other markets move.

Instead, the price moves as the reserve ratio of the tokens in the liquidity pool changes based on swaps.

Read 9 tweets

Astroport ✦

@astroport_fi

28 Sep

Coingecko tracks more than 125 decentralized exchanges.

Why does the world need the new DEX protocol, Astroport?

And how could it possibly become one of the industry’s leading DEXes?

Here’s how…

🧵👇

Most DEXes support a single type of liquidity pool.

Astroport enables three.

It also has a flexible architecture so devs & governance can easily add more pool types in the future.

Information = power.

No more “flying blind” or cobbling together DIY spreadsheets.

The companion web UI for Astroport gives LPs built-in tools, charts & metrics to track fees, APYs, gains/losses and more.

Read 12 tweets

Astroport ✦

@astroport_fi

13 Aug

Today, the best LPs are programmers.

They write custom code to route & monitor their positions to make the best decisions.

The rest?

They use “hopium” or a mish-mash of tools, spreadsheets, plugins & finicky desktop apps.

With Astroport, the game will change completely.

🧵👇

Astroport’s dashboard will give every user a personalized overview with:

✦ Per-pool and overall fee metrics
✦ Profit/loss
✦ Asset exposure
✦ LP vs hold

You can see your asset and pool exposures with Astroport’s pie charts, and interactive graphs display your returns over time.

At a glance, you’ll get a full overview of all your assets on Astroport to help guide your decisions.

Read 4 tweets

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