Moonstake Partners with Astarter Project, EMURGO's JV for Accelerated DeFi Development on Cardano
SINGAPORE, Feb 04, 2022 - (ACN Newswire) - Today, Moonstake is thrilled to announce our partnership with Astarter, a DeFi infrastructure hub on Cardano to facilitate the development of decentralized financial (DeFi) services infrastructure on Cardano. Astarter is a joint venture supported by EMURGO, the official commercial arm of the Cardano blockchain protocol, who has recently acquired Infinity Blockchain Group, the group leading Moonstake's development. Currently, Moonstake and Astarter are working to enable Moonstake users priority access to Astarter's service via a seamless native connection function once it is launched.
Moonstake launched its staking business in 2020 with the aim to create the largest staking network in Asia. Since then, it has developed the most user-friendly Web Wallet and Mobile Wallet (iOS / Android) with support for over 2,000 cryptocurrencies. Currently, Moonstake supports 14 high-demand staking coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON, and Shiden, as well as ERC-721 and Cardano NFTs. After a full-scale operation launched in August 2020, Moonstake's total staking assets have grown rapidly to reach $1.8 Billion and by June 2021, Moonstake was the third best staking provider in the world out of 15,000 staking providers worldwide. In March 2021, the company entered DeFi with Muse.Finance, a DeFi platform, and will continue to expand into the DeFi business.
Meanwhile, Astarter is a key DeFi infrastructure hub on Cardano with four core applications: Launchpad, DEX, Money Market & Tech Service Platform. The project is a joint venture supported by EMURGO which combines the Cardano founding entity's technical expertise and deep understanding of its network with experience of developing DeFi technical infrastructures from its external partner's experiences. Astarter aims to provide fair, safe, and accessible open finance services on Cardano, developing decentralized finance applications for the Cardano ecosystem. Astarter will start development of an initial decentralized exchange offering (IDO) launchpad to be released by the end of the year, along with a decentralized exchange (DEX) on Cardano to follow. Upon completion, Astarter will also plan to integrate lending & borrowing (decentralized money market) features on Cardano. These services aim to bring more utility to Cardano ADA users and open up financial services to a greater number of people in underserved regions.
Moonstake has been in discussions with Astarter from the beginning for the functional connection, and is working to give Moonstake users priority access to Astarter's service once it launches. In doing so, we will be developing a web-based connect function as a means of connectivity, which will allow us to provide a seamless connected experience. More features will be added as they become available.
Founder of Moonstake, Mitsuru Tezuka, says: "As a long-time staking provider for ADA and strategic partner of EMURGO since August 2020, Moonstake is thrilled to collaborate with their new Astarter Project. We're happy to utilize our strong technical expertise in proof-of-stake and cross-blockchain interoperability in collaboration with Astarter to help foster the development of DeFi applications and services on Cardano."
Moonstake is honored to be a part of this partnership with EMURGO's backed Astarter Project to help accelerate DeFi apps to further empower the Cardano ecosystem and continue to bring great value to crypto user communities worldwide.
About Moonstake
Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.
Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia's burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan's biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry's reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovative journey.
With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 1 billion. https://www.moonstake.io/
About Astarter
Astarter is a key DeFi infrastructure hub on Cardano with four core applications: Launchpad, DEX, Money Market & Tech Service Platform. The project was founded by EMURGO and aims to provide fair, safe, and accessible open finance services on Cardano, developing decentralized finance applications for the Cardano ecosystem. https://astarter.io/
Source: Moonstake Sectors: Crypto, Exchange
Copyright ©2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
Latest Release
MC and Denka Sign J/V Agreement in Fullerene Business Apr 24, 2024 17:02 JST
| Mitsubishi Motors Posts Record Sales in the Philippines in FY2023 Apr 24, 2024 13:56 JST
| NEC Develops High-speed Generative AI Large Language Models (LLM) with World-class Performance Apr 24, 2024 13:25 JST
| Fujitsu SX Survey reveals key success factors for sustainability Apr 23, 2024 10:25 JST
| Fujitsu and METRON collaborate to drive ESG success: slashing energy costs, boosting productivity with new manufacturing industry solutions Apr 22, 2024 16:09 JST
| NEC Strengthens Commitment to Space Industry with Investment in Seraphim Space Venture Fund II Apr 22, 2024 15:09 JST
| Soft Space Launches the First and Only JCB Payment Gateway in Malaysia Apr 22, 2024 15:00 JST
| TOYOTA GAZOO Racing takes a one-two in Croatian thriller Apr 22, 2024 10:47 JST
| First-ever Mazda CX-80 Crossover SUV Unveiled in Europe Apr 19, 2024 13:50 JST
| Fujitsu develops technology to convert corporate digital identity credentials, enabling participation of non-European companies in European data spaces Apr 19, 2024 10:17 JST
| Mitsubishi Heavy Industries and NGK to Jointly Develop Hydrogen Purification System from Ammonia Cracking Gas Apr 18, 2024 17:01 JST
| Toyota Launches All-New Land Cruiser "250" Series in Japan Apr 18, 2024 13:39 JST
| Fujitsu and Oracle collaborate to deliver sovereign cloud and AI capabilities in Japan Apr 18, 2024 11:14 JST
| Eisai: Research on Treatments for Alzheimer's Disease Based on Its Pathological Mechanisms Recieves Award for Science and Technology (Research Category) Apr 18, 2024 10:53 JST
| All-New Triton Confirmed as First Double-Cab Pickup Truck to Achieve 2024 Five-Star ANCAP Safety Rating Apr 18, 2024 09:22 JST
| Eisai's Antiepileptic Drug Fycompa Injection Formulation Launched In Japan Apr 17, 2024 16:17 JST
| Honda Unveils Next-generation EV Series for China Apr 17, 2024 12:15 JST
| Lexus presents Time at the 2024 Milan Design Week Apr 16, 2024 18:49 JST
| Mitsubishi Corporation Announces Participation in a DAC Project in Louisiana, USA Apr 16, 2024 14:36 JST
| New circuit challenge for TOYOTA GAZOO Racing Apr 15, 2024 17:21 JST
|
More Latest Release >>
|