Andromeda and Astrovault Join Forces for a Revolutionary DEX Experience
We're thrilled to kick off the new year with a groundbreaking announcement. Andromeda is officially partnering with Astrovault, an innovative leader in the DeFi space, known for its re-envisioned Automated Market Maker (AMM) model. Astrovault is also the premiere AMM and DEX of Archway Network, making it the spot to trade $ARCH. This collaboration marks a significant milestone, as we will be launching a Decentralized Exchange (DEX) Liquidity Pool (LP) on Astrovault. This move is not just a step forward for Andromeda, but a giant leap for our community and the broader DeFi ecosystem as we begin to spread our footprint across the Cosmos.
Astrovault - A Glimpse into the Future of DeFi
Astrovault stands out in the crowded DeFi space with its proprietary hybrid AMM model. This model is a game-changer, addressing the core economic viability issues plaguing traditional AMMs. By integrating slippage-free 1:1 trades with the conventional AMM approach, Astrovault offers an unparalleled trading experience. Furthermore, its use of staking derivatives as base trading pairs adds an extra layer of innovation to the platform.
Key Features of Astrovault:
1. External Revenue Generation: The AXV DAO capitalizes on external revenue, primarily by harvesting inflation from various Cosmos layer-1 chains. This approach diversifies income streams and enhances platform stability.
2. Volume Incentive: Astrovault uniquely rewards traders by allowing the redemption of GRVT8 tokens to offset trade fees. This direct volume capitalization encourages active trading and liquidity provision.
3. Sustainability Focus: Sustainability is at the heart of Astrovault's ethos. Nebula Standard pool fees are used to buyback and burn AXV tokens, reducing supply and potentially increasing value. Meanwhile, Plasma Stable pool fees are retained as Protocol-Owned Liquidity, bolstering the platform's financial health.
Unleashing New Opportunities
This partnership is a massive win for the Andromeda community. Here's how:
1. Enhanced Liquidity and Trading Options: The integration of our DEX Liquidity Pool on Astrovault means more liquidity and trading options for our users. This directly translates into better price stability and reduced slippage for your trades.
Users will be able to trade $ARCH for $ANDR.
If you’ve never traded on Astrovault before, watch our tutorial here for a step-by-step breakdown on how to get $ANDR.
2. Access to Innovative Trading Mechanisms: The unique features of Astrovault, including its slippage-free trades and derivative-based trading pairs, are now at your fingertips. This not only diversifies your trading strategies but also enhances your overall trading experience.
3. Economic Efficiency and Rewards: By engaging with Astrovault's model, Andromeda users can enjoy the economic efficiencies of a re-envisioned AMM. The volume incentive model of Astrovault also means more rewards for our active traders. Early users and LPs on the platform are eligible for the AXV airdrop - gaining first access to a new asset. Traders and LPs will be whitelisted for the first round on Outbid, the new launchpad coming soon to Astrovault. Once AXV is live, staking AXV for other assets, yield farming, and more will become available with incentives.
Looking Ahead
As we embark on this exciting journey with Astrovault, we're confident that this partnership will unlock unprecedented opportunities for our community.
Join us for an insightful discussion with the Astrovault team hosted by Archway on Monday, January 8th at 12 PM EST. Check out our Twitter page to RSVP.
Stay tuned for more updates, and get ready to experience a new era of DeFi with Andromeda and Astrovault, and once again, thank you to the Andromeda community!
About Andromeda
Andromeda is an all-on-chain suite of products, tools, and utilities enabled by a decentralized operating system called aOs, or the Andromeda Operating System. aOS is designed to make Web3 simpler and building on-chain Easier, Better, Faster.
aOS allows users, creators, and developers to rapidly build dApps, dropping development time from months to minutes. Developers can compose ADOs and dApps across the Cosmos Ecosystem and beyond to maximize their total addressable market and interoperability with the best Web3 projects and purpose-built blockchains.
aOS is where Web3 starts.
Disclaimer
The material provided herein is for informational purposes only and should not be construed as business, financial, investment, trading, legal, tax, regulatory, or accounting advice.
Andromeda and its partners are new and experimental technologies and any information provided by Andromeda is subject to and limited by the Andromeda disclaimers, which you should review before interacting with the protocol.