What is Astroport ($ASTRO)? The goal is to become a liquidity hub on Cosmos

Astroport is a leading AMM platform originally built and developed on the Terra Classic ecosystem. After the demise of Terra, Astroport also migrated to Terra 2.0. Recently, the project has had a clear change in direction with the ambition to become the top liquidity providing platform for the entire Cosmos ecosystem, not just stopping at Terra. So what is Astroport and what is the vision of the project in the near future? We will find out through the article below!

1. What is Astroport?

Astroport was introduced and launched as the leading AMM platform on the Terra ecosystem, allowing users to trade and exchange tokens in Terra.

With the aim of building a new, improved AMM platform and overcoming the shortcomings of TerraSwap, Astroport aims to become the top 1 DEX on Terra.

After the demise of Terra, Astroport launched a new version on Terra 2 and recently also aimed to become a liquidity platform for the entire Cosmos ecosystem with first developments on Sei, Neutron, Injective ,…

2. Astroport ecosystem

Although originally developed and built on Terra Classic and after the demise of Terra, Astroport also had a migration to Terra 2.0. But recently, with a bigger vision, Astroport is trying to become the platform that provides liquidity for most blockchains in the Cosmos ecosystem.

2.1. Injective

*Astroport launches DEX development on Injective*

First is Injective, Astroport officially launched the test version on Injective in January last year. Two months later, in March 2023, Astroport was officially deployed on Injective Mainnet with the first supported tokens being ASTRO, ATOM, INJ, USDC, wETH.

2.2. Neutron

*Astroport launches the first DEX platform on Neutron*

By June 2023, after a period of active testing on Neutron, Astroport also officially launched the first DEX platform on Neutron, allowing users to freely swap between token trading pairs: ASTRO, ATOM, NTRN, USDC, wETH.

In addition, users can also create their own liquidity pool on Neutron by adding liquidity to 1 of 2 pools:

Constant product pools (add assets with different prices
Stableswap (for 1:1 assets like stablecoins)

This partnership brought over 15 million in liquidity from its launch event to Astroport.

2.3. Sei Network

Astroport has deployed test contracts on Sei Testnet since May 2023 and has attracted more than 100,000 wallets to interact with the platform in just 2 weeks.

By August 2023, users can officially swap token pairs on Sei such as ASTRO, ATOM, SEI, OSMO, USDC, wETH.

Sei is currently considered the blockchain with the highest transaction processing speed and performance. This cooperation not only helps Astroport easily access large liquidity sources on Sei or projects in Sei's ecosystem, but also helps bring direct benefits to ASTRO stakers (Astral Assembly) when receive increased transaction fee rewards from transactions arising on Sei.

3. Tokenomics

3.1. Token information

Token name: Astroport
Token symbol: $ASTRO
Blockchain: Terra 2
Token contract: terra1nsuqsk6kh58ulczatwev87ttq2z6r3pusulg9r24mfj2fvtzd4uq3exn26
Total supply: 1,100,000,000 $ASTRO
Market cap: $88,811,227 (at the time of writing)
Circulating supply: 423,657,095 $ASTRO (at time of writing)

3.2. Token allocation

$ASTRO tokens will be allocated based on the following categories:

12% for airdrop
27% for builder: 3 year lock
16% to Astroport Assembly (ASTRO governance group)
45% for liquidity

The $ASTRO token will be designed to be largely governed by the community. In addition to the 12% of total supply distributed via airdrop to the initial community, 45% for liquidity will be distributed via Astroport LPs over 69 years.

3.3. Token utility

The project's ASTRO token is designed based on inspiration from Sushiswap's xSUSHI model. ASTRO owners and holders can stake their ASTRO to receive xASTRO tokens and receive the following benefits:

Transaction fee sharing: xASTRO is a transferable token that automatically accumulates additional ASTRO value from transaction fees on Astral Assembly. This ratio will be decided by the governance board and can be dynamically adjusted, but initially xASTRO holders will share 50% of the total fees on Astral Assembly.
Governance: xASTRO owners will have the right to participate in governance and vote on changes on Astroport.

4. Development team

Astroport is developed and conceived by an elite team of developers incubated by Delphi Digital, IDEO CoLab Ventures and Terraform Labs.

5. Investors and partnership

Initially, Astroport was built when Delphi Labs, Terraform Labs, Attic Lab and WE3 developed in trust and cooperation, without any legal constraints or agreements.

Therefore, the project has decided not to mobilize capital, but each development group will contribute together, using their own resources and capital to build the project. No capital raising round has been carried out, so the project does not have any official investors participating in financing the project.

All project tokens are initially allocated to those who have contributed to the development of the project or had a certain role from the beginning. The project has been completely operated based on joint venture capital, contributed by development members.

6. Astroport News

In early December 2023, Terraform Labs suddenly added an additional 10 million USD in liquidity on Astroport's 3 prominent liquidity pools on Terra such as LUNA-USDC, LUNA-WBTC, LUNA-WETH.

After this event, liquidity on Astroport suddenly grew by 54%, reaching more than 50 million USD

After that, Astroport rose to become the 31st DEX among more than 1,000 DEXs listed on DeFiLlama in terms of TVL.

Deployment and integration on the top 4 Cosmos blockchains currently: Terra, Sei, Injective and Neutron will help Astroport gradually return to its track with a large amount of liquidity available on these chains.

7. Ecosystem

Website: https://astroport.fi/

Twitter: https://twitter.com/astroport_fi

Discord: https://discord.com/invite/astroport

8. Conclusion

Above is all the basic information about the Astroport project, a DEX/AMM platform developed with the goal of becoming a liquidity providing platform for the entire Cosmos ecosystem.

After the collapse of Terra, most construction and development projects in the Luna ecosystem also "died", there are no longer too many projects that continue to develop and change direction afterwards. Astroport is one of the rare remaining projects that continues to persistently develop and flexibly change directions continuously to adapt and move forward with the market.

Astroport's recent shift has been a spectacular step forward for the project with its ambition to dominate the market share of the entire Cosmos ecosystem, with the first steps on the top blockchains: Sei, Injective, Neutron.

Hopefully the above article provides useful information for users about the project. The content is for informational purposes only, not investment advice. Investors need to DYOR themselves and make their own assessments before deciding to invest in any project.