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.
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.
