Algem has teamed up with Starlay finance and Kagla. This partnership will open up more revenue streams for users on these platforms.
With this partnership, Algem will integrate nASTR tokens into the lending platform of Starlay finance and also on the stable swap protocol of Kagla .
Now nASTR token holders will be able to use and benefit from Starlay and Kagla’s technology by being able to perform better with new Defi strategies.
With nASTR tokens, they will be able to deposit nASTR on Starlay as collateral in order to borrow other assets.
Algem is seeking to bring maximum levels of integrations and utility to the nASTR token. That is the reason for incorporating key players like Starlay finance and Kagla, with whom the growth of Astar will be maximized.
About Algem
Algem is a leading liquidity hub in the Astar network and the Polkadot ecosystem, it is a defi DApp built on Astar network that allows users to stay liquid whilst staking ASTR.
Users have the privilege to “double dip” with their ASTR tokens. This means that, they can stake and yield farm at the same time.
About Starlay finance
Starlay finance is said to be the largest lending protocol in the Polkadot ecosystem.
It is a protocol for users where they can easily deposit and borrow assets on Astar network. Depositors can provide liquidity to earn interest as a stable passive income, while borrowers can leverage their assets without selling them
About Kagla Finance
Kagla Finance is a leading AMM (automated market marker) and stables swap protocol on Astar network.
The stable swap focuses on stablecoins, where trading fees and slippage are kept to the bare minimum.