Astarter

A launchpad and accelerator for projects building on Cardano, also featuring a DEX, a decentralized lending and borrowing, and a technical support platform.

Astarter is partnered with Cardano's enterprise arm Emurgo and is building a launchpad platform that is aiming to help accelerate the adoption and accessibility of Cardano by helping projects building on Cardano come to market at greater speed.

To do this Astarter is operating a Lanuchpad, alongside a DEX, a Technical Support Platform, and a Money Market.

Launchpad

The Astarter Launchpad allows projects to raise capital from whitelisted investors through an IDO. The Astarter launchpad offers KYC integration for investors, with tiered offerings for those investors, along with governance voting.

ADEX

ADEX is Astarter's decentralized exchange on which IDOs will be hosted. Besides that it is a standard, on-chain decentralized exchange that provides trading volume for its participants.

Technical Support Platform

It can be assumed that this is the accelerator offered to support project that are successful through the Astarter launchpad; although it isn't actually stated as so. The technical support platform is a “unified general data protocol” to provide consistency with the way off-chain data is being fed on-chain. Designed to offer resources to help projects facilitate a better user experience on Cardano including: the implementation of cross chain bridges, yield farming and smart contracts that can be generated at the touch of a button.

Money Market

Astarter's money market is a decentralized marketplace for borrowing and lending, Digital assets will be accepted as collateral for loans and a collateral-to-loan ratio needs to be kept by the borrower in order to avoid liquidation.

Industry

DeFi

Launchpad & Accelerator

Tags

Borrowing

Lending

DEX

Accelerator

IDO

Loan

Lending Protocol

Launchpad

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builtoncardano

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Glossary

On-Chain

These are all the on-chain NFTs, and on-chain NFT collections, that currently exist on Cardano. Many people consider on-chain NFTs to be better, or more special, than off-chain NFTs.

In regards to the on-chain vs off-chain NFT argument, the image represented by an off-chain NFT is found by following a link, typically stored on the IPFS, from the NFTs metadata. This can be changed by the person who uploaded it. The image represented by an on-chain NFT is coded into the metadata and is, therefore, immutably coded into the blockchain's history. This is usually, but not always, in the form a language that your browser understands, allowing your browser to interpret that information and display the NFT.

Loan

Blockchain brings forth a new decentralized method of lending, allowing individuals to offer each other loans in a peer-to-peer fashion through smart contracts. Cardano loan platforms allow you to access Cardano collateral loans, where you lock up your holdings on the Cardano blockchain to receive a loan of equal or lesser value.

These protocols also include unique, Cardano NFT loans, where you can lock your Cardano NFT up in a smart contract, using it as collateral, in return for a loan in ada. All of this is done in a trustless manner through the use of smart contracts on the Cardano blockchain.

On the multiple Cardano loan platforms listed here you can be either the loaner or the loanee, allowing you to access loans using your existing assets as collateral, or to put your ada to work to earn you money by lending it out to others.

Cardano NFT loans are some of the most popular types of loans as the protocols allowing you to complete Cardano NFT loans, Lending Pond and Fluid Token, allow NFT owners to unlock the liquidity locked up in their assets without losing their beloved NFTs (so long as they return the borrowed assets, plus interest, in the allotted time)

Lending

Lending Protocols

Lending protocols in the DeFi world allow people to loan or lend money in a peer-to-peer manner, i.e. without the banking middleman. These loans are secured by the lender over-collateralizing the loan and the terms of the loan being managed in a smart contract. This gives the unbanked or those who have poor credit the ability to take loans, and it gives those with excess capital the opportunity to provide loans in a secure and trustless manner, and to earn income from them.

Over-collateralization means that the person receiving the loan locks up more than the value of the loan to secure it e.g. if they want to loan 100 they must lock up 150. How much they over-collateralize the loan by, and which tokens they use as collateral, depends on the platform. Some platforms only accept stablecoins, and other accept a variety of crypto assets. Typically, an individual uses one asset for collateral and takes a different asset as their loan.

An important factor in all loans is the interest rate and the length of the loan. These vary greatly by lending protocol, and loans can have fixed interest rates and periods, or infinite periods with interest rates that fluctuate throughout the loan period, fluctuating based upon the utilization rate of the pool of funds the loan was drawn from.

Importantly, the receiver of a loan is expected to maintain a certain ratio of collateral to loan, meaning that if the value of their collateral drops below that of their collateral to loan ratio, they need to add more collateral to keep the required balance. If they don’t keep up the collateral ratio they face liquidation and the loss of their collateral.

To "become the bank" those with idle tokens can deposit them into a lending protocol and earn from the interest derived from the loans their tokens are used to facilitate. Usually this deposit requires a lockup period of a certain length of time. Often, the longer the lockup period the higher the percentage return for the depositor.

Launchpad

The term launchpad is often used in the same sentence as the terms incubator and accelerator, but the three have their own subtle differences. Many launchpads also operate an accelerator and/or an incubator. But what does a launchpad do?

A launchpad connects new projects to investors, and allows the project to raise funds by giving investors access to an exclusive, early, and often discounted, token sale. So the project gets the funds in needs to proceed with development and investors get tokens at a discounted rate before they’ve even hit the market. To offer security to their investors, and to uphold their name, launchpads will conduct through KYC into the projects applying to be on their launchpad.

Some launchpads will also offer many of the same services offered by incubators to the fledgling projects that conduct token sales through them.

Launchpads are often a sidearm of an exchange, of both the centralized or decentralized varieties, as they already have the capacity to sell tokens and can then offer a guaranteed place for the tokens to be listed once the project is ready to release them to the public.

DEX

Here is a Cardano DEX list for you to explore all the decentralized exchanges built on Cardano. There are multiple Cardano DEX projects for you to choose from, each with a different take on the DEX concept and the way of managing a decentralized exchange protocol.

Listed here are Cardano DEX projects that are based on both the automated market maker (AMM) and the traditional order book style of exchange. Both types of DEX on Cardano, like any other exchange, require a good amount of liquidity to operate effectively. This leads many to say that the best Cardano DEX is the one with the most liquidity. However, there are many other factors that the users of these DEXes would tell you to take into account before deciding which is the best Cardano DEX, and which one you should interact with (although a high amount of liquidity is a good indicator for users).

Interestingly, many Cardano exchanges, such as Sundaeswap, use the concept of “batchers” to collect, order, and execute transactions. This reliance on a small group of batchers to order and execute user transactions reduces the decentralized nature these exchanges as these entities could easily collude to front run transactions from particular wallets or to censor transactions from other wallets.

Borrowing

Lending Protocols

Accelerator

The term accelerator is often used in the same sentence as the terms launchpad and incubator, but the three have their own subtle differences. Many accelerators also operate a launchpad and/or incubator to help them progress the projects they are accelerating.

An accelerator is a business or organization that supports existing early-stage businesses (often business that are yet to earn any revenue) by accelerating the growth of their product. Accelerators often focus on a certain niche or sector, e.g. finance, and also mentor the businesses that they take on. Accelerator can sometimes offer finical assistance to the juvenile businesses that they take on. These businesses must apply to be a part of the accelerator and the accelerator then accepts or rejects their applications.

Launchpad

ADEX

Technical Support Platform

Money Market

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