Hi Astar Community and @Community_Council
We are submitting this proposal for Comet Swap to be listed on Astar dApp Staking.
Below you’ll find a full overview of the product, its alignment with ASTR, current mainnet traction, and how dApp Staking rewards will be utilized to support long-term development and maintenance.
We welcome feedback and are happy to answer any questions.
TL;DR
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Comet Swap is an Astar-native CLMM DEX built on Astar EVM, delivering a liquidity-efficient, smooth and reliable trading experience, while introducing an ASTR-anchored Giveback Loop designed to route real protocol value back to Astar ecosystem and ASTR holders.
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Comet Swap is Live on Astar Mainnet:
We invite the community to trade, provide liquidity, and share feedback as we continue to iterate publicly.
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We are applying for Astar dApp Staking so Comet Swap can be officially listed and the Giveback Loop (Boost) can be activated as part of the long-term ecosystem alignment.
Product Overview
What is Comet Swap?
Comet Swap is a Concentrated Liquidity Market Maker (CLMM) DEX built natively for the Astar EVM ecosystem. It enables users to swap and provide liquidity, with a strong emphasis on liquidity efficiency and execution quality.
Build in Public
The first version of Comet Swap is intentionally focused and minimal. At launch, core functionality may look familiar to users who have used Uniswap-style CLMM DEXs—and that is by design.
Rather than launching with an over-complicated feature set, we believe it is more beneficial to:
- Launch early
- Validate core trading flows and execution quality
- Iterate in public based on real user feedback
Importantly, launch is not the end—not on testnet, and not on mainnet. Comet Swap is built with the expectation that meaningful improvements will come from continuous iteration once users begin using the product.
We are committed to building in public as an ongoing practice. We will actively collect feedback, discuss improvements with the community, and release iterative updates over time. This will cover areas like UX refinement, liquidity tools, performance, and new features. As part of this process, we plan to maintain a regular cadence (e.g., monthly) to review community proposals and decide what improvements can be prioritized and added to the development roadmap.
We warmly invite everyone to try Comet Swap, share suggestions, and report issues—every piece of feedback helps us improve.
- Feedback survey: https://docs.google.com/forms/d/e/1FAIpQLScmoMKIp77MBfuhnsJPF9OsQMikh_MqRC5T13TLUb_zzr0Jog/viewform
Thank you for your support, attention, and honest feedback—we’ll keep building together as the Astar ecosystem grows.
Liquidity-efficient CLMM
At the core of Comet Swap’s CLMM design is a hybrid of Uniswap v3 and Uniswap v2, along with a custom router that optimizes execution and liquidity access by routing swaps across both v3 and v2 pools.
Comet Swap aims to improve liquidity efficiency and enhance tradable depth at key price ranges, providing better execution for traders. Our goal is simple: deliver a smooth, intuitive, and reliable DEX experience that supports the everyday trading needs of Astar users and fills the gap for a dependable CLMM DEX on Astar.
ASTR-anchored Giveback Loop
Comet Swap is built to be ASTR-anchored, with Comet Giveback Loop designed to route value back to the Astar ecosystem and ASTR holders.
Protocol usage → protocol profit → ASTR buyback → Boost distributed to ASTR stakers
- 100% of protocol profit will be used for periodic ASTR buybacks
- 100% of bought-back ASTR will be distributed to ASTR stakers as Boost
Users who stake ASTR via Comet Swap can receive Astar dApp Staking staker rewards, and Boost funded by real protocol usage—so that value generated at the protocol level can be routed back to Astar ecosystem and ASTR holders.
Building a DEX the Ecosystem Can Rally Around
Instead of issuing new tokens or running points-based emissions that extract value from the ecosystem, Comet Swap keeps ASTR as the anchor, and is designed to route DeFi-generated value back to Astar in the form of ASTR.
- ASTR stays the anchor, and the Giveback Loop is usage-backed. No new token emission or points program designed to manufacture numbers—value is driven by real protocol usage and actual protocol profit.
- Value is routed back to ASTR stakers, reinforcing the staking economy and strengthening the ecosystem’s core asset as usage scales.
- Boost is not engineered to “hit a guaranteed APR.” It is expected to scale with real usage. Especially in the early phase, Boost is designed to be a usage-backed add-on on top of baseline Astar dApp Staking rewards, rather than an artificially inflated incentive.
- Our focus is not to create a short-term “farm-and-dump” venue, but to provide reliable trading infrastructure that ASTR holders can actually use day to day.
Comet Swap is meant to be something the ecosystem can rally around: a DEX that is genuinely useful in daily usage, with economics explicitly aligned with ASTR over the long run—and refined continuously with the community as it grows.
Mainnet Traction (First Week)
Comet Swap is live on Astar Mainnet for one week. In its first phase of live operation:
- All-time volume: ~$70K+
- Total Value Locked (TVL): ~$166K+
- Hundreds of swaps executed
Comet Swap has also been officially listed on DefiLlama (https://defillama.com/protocol/comet-swap), with additional third-party data platform integrations currently in progress.
While still in the early stage, the protocol is facilitating real trading activity and liquidity provision. These early signals reflect initial market validation, as we continue to refine execution quality and liquidity depth over time.
Security
The audit report is publicly available: Audit | CometSwap Docs
dApp Staking Reward Usage
Comet Swap is designed for long-term growth and open, continuous maintenance. Rather than funding operations by extracting from protocol fees, Comet Swap plans to sustain development through Astar dApp Staking rewards.
dApp Staking rewards will support:
- Core engineering & long-term maintenance (protocol improvements, upgrades, and ongoing support)
- Performance & UX iteration (faster flows, LP/staking UX, reduced friction)
- Ecosystem integrations (wallets, portals, entry points, and composability with other Astar projects)
- Security monitoring & infrastructure upkeep (monitoring, incident readiness, operational reliability)
Team
Comet Swap is built by a team with experience across DeFi, tech, and art, with joint effort and support from the Astar Foundation.
Our shared focus is to build ecosystem-aligned, collective-first DeFi infrastructure that prioritizes sustainability, reliability, and long-term value creation for Astar—rather than short-lived incentive cycles.
The team consists of 11 people who are also hard workers, cat lovers, ASTR holders, and Astar believers.
Roadmap
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Shibuya testnet — completed (January 24th, 2026)
Community testing and feedback phase successfully conducted.
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Astar EVM Mainnet — Live
- Core swap functionality and CLMM liquidity are live.
- Ongoing iteration on UX, liquidity tooling, and performance optimization.
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Comet Giveback Loop (Boost) — Upcoming Activation
- Activate the protocol profit → ASTR buyback → Boost distribution loop.
- Fine-tune buyback cadence based on real usage data and protocol performance.
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Ecosystem integrations (in progress)
- Integration with Astar ecosystem entry points such as Astar Portal and other user-facing interfaces to streamline user access.
- Continued composability improvements with other Astar-related protocols.
Links
- Comet Swap on Astar: https://www.cometswap.app
- User doc: Comet Swap Overview | CometSwap Docs
- X: https://x.com/Comet_Swap
- Discord: Comet Swap
- Medium: https://medium.com/@comet_swap
