Hi everyone in Astar ecosystem. This is Avault team. Already two weeks passed after we launched our ZAP and Vault function. We would like to apply to join dAppStaking to better contribute to Astar.
Avault is a yield aggregator platform that provides aLP/aToken to DeFi users with automated compounding yields at empirically optimal intervals while pooling gas fees through smart contracts and best yield optimization strategies. At the same time, Avault is also a launchpad by using a whole new public sale strategy, which is called ISO.
What is aLP/aToken?
aLP/aToken is the receipt of your deposited LP/token. At the same time, it is an interest-bearing asset token. Every interest-bearing token will earn interest automatically, even if users only hold it without doing anything. Users can also stake their aLP/aToken into our farm to earn $AVAT.
The reason why we create the aLP and aToken is to try to rich the ecosystem. Even if the Avault token is all distributed in the future, the LP that users deposited in Avault can still be used by other projects.
We believe that aLP/aToken can become an essential part of the ecosystem. The aLP/aToken can unlock the value of staked assets in the liquidity pools. All the defi projects can do lots of things by using our aLP/aToken. Let’s say layer 0 is the asset on the ecosystem, for example the LP and the asset on dex, lending protocol, or other dapps. Then the layer 1 will be the aLP/aToken. It is because users can deposit all their layer 0 asset into Avault to receive aLP/aToken. They can still receive their revenue from dex, lending protocol or other dapps. At the same time, users can stake their aLP/aToken to farm AVAT token for higher returns. They can also stake their aLP/aToken to other dapp for more use cases. Such as they can use it as collateral on lending protocol, aLP/aToken will have less risk of liquidation compared with single token, because the value of aLP/aToken continuously increasing. There are many other use cases to that aLP/aToken can be applied. aLP/aToken can maximize the asset utilization on Astar ecosystem. So Avault is not only a simple yield aggregator, we are trying to enrich the whole Astar defi ecosystem. Every defi user can benefit from this mechanism, and when the XCMP is available, aToken could also benefit all the Polkadot users.
What is ISO?
ISO means Initial Stake Offering. 50% of users’ principal will be used for adding initial liquidity with the project’s public sale token. 40% of users’ principal will be used to create an ISO reward pool for the loyal holder award. 10% will be used for team operation and development. With this mechanism, ISO participants are guaranteed to get back at least 40% principal(Calculated by Currency Standard) if they are loyal holders.
Under the bear market, we believe that it would be difficult for the developer to raise the money from IDO. It might be because of the bear market situation and the users’ fear of losing all their money. It is reasonable that users do not want to take that high risk. However, this would be very hard for the builders to get through the bear market without operation fees.
Therefore, we designed ISO. We hope to rebuild the trust between users and projects via ISO. As we know, there are many users who may lose money on different IDO, especially in this market situation. We can’t guarantee participants must get 2x or 10x revenue, what we can guarantee is that participants would never lose all or even 90% principal.
Sam: Smart contract/ Backend
Alex: Product manager
Hai: Front-end engineer
Lee: UI/UX designer
- Listing on CEX
- Zap function upgrade
- Support more dapps on Astar
- Public sale
- ISO launchpad development
- Expand the use case with other Polkadot parachain project
- Vault V2 with auto strategy
- Governance upgrade
Let us know if you have any questions!