English | 简体中文 | 繁體中文 | 한국어 | 日本語
Friday, 4 February 2022, 15:00 HKT/SGT
Share:
    

Source: Moonstake
Moonstake Partners with Astarter Project, EMURGO's JV for Accelerated DeFi Development on Cardano

SINGAPORE, Feb 4, 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/

Topic: Press release summary
Source: Moonstake

Sectors: Crypto, Exchange
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Moonstake Related News
2023年2月6日 19時00分 JST
Moonstake、Humans.aiと提携し、ブロックチェーン上の人工知能の発展を支援するとともに、AIスタートアップのアジアでの拡大をサポート
Feb 6, 2023 18:00 HKT/SGT
Moonstake는 Humans.ai와 협력하여 블록체인에서 인공 지능을 발전시키고 아시아에서 AI 스타트업의 확장을 지원 발표
Feb 6, 2023 18:00 HKT/SGT
Moonstake Partners with Humans.ai to Help Advance Artificial Intelligence on the Blockchain and Support the AI Startup's Expansion in Asia
2023年2月2日 16時00分 JST
Moonstake、Avalanche(AVAX)のステーキングサポートを開始
Feb 2, 2023 16:00 HKT/SGT
Moonstake가 Avalanche(AVAX) 스테이킹 지원 공식 발표
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575