AFC Application - Mingshi

Governance Astar Finance Committee
1

[AFC Application – Mingshi]

Name and Timezone:

Mingshi S. (HKT – Hong Kong)

https://x.com/NewMingshiS

Relevant Experience:

I have been managing protocol funds for the Astar Foundation, including but not limited to LP operation and asset value management. Engaged in the DeFi space since 2020, I’ve overseen the development and growth of the DeFi ecosystems on Astar L1 and Soneium L2 from 2022 to 2025. In my spare time, I’ve built several DeFi protocols including over-collateralized stablecoin, monolithic lending market and CLMM DEX, with hands-on experience in both technical development and product design.

Track Record of Contributions to Astar:

I joined the Plasm Network team in 2020 as one of the early members. Since then, I’ve contributed to:

  • Chinese marketing and business development during the Kusama and Polkadot Parachain Auctions (2020–2021)
  • Astar Incubation Program as Head of Incubation after parachain launch, contributing over $300M in TVL to Astar L1 from incubated projects (2021–2022)
  • Astar ecosystem partnerships and XCM-related collaborations (2022–2023)
  • Astar zkEVM strategy and ecosystem expansion (2023–2024)
  • Astar Evolution, Tokenomics 3.0, MAGA and Soneium Fast Finality Layer (2024–2025)

In addition, I’ve been contributing to Soneium from Startale as Head of DeFi.

Motivation to Join the AFC and Goals for My Term:

My motivation is to help initiate proactive treasury management that ensures Astar’s long-term financial sustainability, while also exploring opportunities for continued growth and ecosystem expansion — advancing our shared vision of real-world Web3 adoption that can potentially benefits ASTR holders.

Weekly Availability (Minimum 5–8 hours/week):

No issues.

Verified Onchain Identity on Astar:

b4F2NmzpRb3Yr8auwv4QVfXJPBhLZKgMKLgALJzWgeonUnt

Disclosures of Project Affiliations or Potential Conflicts:

I co-authored the AstridDAO whitepaper and supported several projects during the early stages of the Astar Incubation Program. That said, I am fully committed to upholding transparency and impartiality in all AFC-related responsibilities.

Commitment to Attend Live Meetings and Operate Transparently:

No issues.

I’m happy to answer any questions related to my application.

Warm regards,
Mingshi

11 Likes
2

I would like to share my support for Mingshi. I am so lucky to have mingshi in one of the twitter space on AIWeb3 for the Chinese market, and mingshi shared a lot of insights about Astar, we need the Chinese market and mingshi is definitely a great fit for the position!