We used all 20,721 ASTR earned from dApp Staking rewards to buy back LAY.
Thanks for your thoughtful response, @neo_defi.
I am sorry that I misinterpreted it as an unwillingness to answer.
However, if you were busy and needed time to respond, I would have liked a temporary reply just stating that.
Please consider this in your future correspondence.
Now, your response gives me some hope for the future development of Starlay.
I agree with the policy of expanding human resources.
However, I still have the impression that it is a poor way to solicit investment because there is no timeline for implementation.
For example, how about setting a goal, at the granularity of a quarterly plan, of how much resources will be secured by when, and what will be achieved by that?
I think it is essential to provide an implementation plan and timeline to gain trust in any of the proposals, whether it is to work with the community, to ensure stable and accident-free operations, or to stabilize the price of LAY.
2 Likes
Hi, this is Chest. Please let me share one news from Starlay
First of all, thank you for your continued support in this situation.
Today, $DOT gets listed on Starlay.
Along with its implementation of XCM, $DOT will inflow into Astar Ecosystem.
Best
4 Likes
Thank you for your reply @wing_tail. Agree with you. I will share your post with the team. Might take a little time but will get back to you.
4 Likes
You are honoring your words with your actions. This is a very positive thing to see. Thank you
3 Likes
How will the buy back LAY be used?
Why donât you burn?
Can I show the period if I lock it?
2 Likes
Genius, I understand you and you are honoring your word, work, develop, you have a great product. Expand the staff, the first blow is always the most successful. donât lose momentum
3 Likes
i used this project. and experience is good.
1 Like
Thank you for your contributions and the proposal for how to move forward @neo_defi
Would be keen for you to appear more in discord and telegram or set up an AMA for the community to follow what the devs are doing.
I donât think just announcements on discord and twitter are sufficient for communications. We need to have a more public figure.
Keep up the good work.
3 Likes
Hi Astar core team, ambassadors, and all users of Starlay Finance.
Thank you for all your support and discussions. We are very relieved that the proposal was passed⌠but at the same time, we are bracing ourselves to carry out future actions.
I just posted in Starlay Finance Discord that, we would like to discuss on following points in this Next Actions thread.
-
The timing for Starlay Finance to lend $0.5M amount of LAY to Astar Treasury (Any time is fine?)
Note: Also, it would be great if the Astar Core team could offer us the recipient address.
-
When Starlay Finance should start the buying operation.
-
And when we should provide $1M liquidity to ArthSwap.
Please let us hear your opinions. Thank you.
3 Likes
I am so pleased with the result of the YES vote today.
This is a great next step in restoring faith from the community. We need to support these projects that are willing to take the risk and take their token to market.
Especially for these critical pillars of our DeFi ecosystem in our only Lending Protocol.
I would love to see you guys get included in week 3 of DOT Fest. Lending against DOT would be the easiest way to get DOT users engaged into our ASTR ecosystem.
I really hope this is a tunring point in the ASTR ecosystem that sets the tone and encourages other protocols like Arthswap, AstridDao, AvaVault, Starbank &Sirius that are being way too hesitant to launch their token offering.
The community will support sound projects and teams. Great first step today.
Bought more LAY tokens this morning. That $700k support from the whale from the IDO in financial support is massive for you guys. Congratulations!!!
Looking forward to whatâs next!!!
4 Likes
I think the above should be done as quickly as possible.
2 Likes
Hi @sota,
As @Morris mentioned, we would like to confirm the details of the next actions. To show our commitment, I would like to send LAY as soon as possible to the address you will give us. I would say the address should be under Astarâs control, not Starlayâs.
Also, I believe that the timing of buying back LAY and proving liquidity should be done at the same time. I would like to hear your opinion on the timing as the market continues to collapse.
5 Likes
No rush these prices are to good!!
1 Like
100% agree with @neo_defi on
buying back LAY and proving liquidity should be done at the same time.
@Morris i believe with ASTAR support + funds for liquidity will change the whole image of LAY. i am very optimistic. but all these steps should be done ASAP by coordinating with ASTAR team , LAY team should announce the dates of buying back and liquidity in official announcements which will bring a positive momentum for all the investors who are keen to hear some good news.
LAY needs to be in 3rd week of DOT fest. which will also bring double the hype along with buying of all pairs on LAY and will set high records on TVL. And all this will eventually bring benefits to ASTAR/LAY/investors.
1 Like
I think Starlay should buy and provide liquidity to LAY after June 28th. And you should buy slowly so that the price is stable then you can add liquidity every week or every day.
@Sephiroth you made no sense in your huge post. you just joined the forum(4 hours ago at the time of writing this). How you can say that by supplying liquidity will not bring value to price ? ( it will , demand will bring the price up ) because the more people will lock tokens to earn rewards with an addition to DOT fest & other pools. so that people will buy to lock . like that eventually demand will be high. Most people who are doing criticism here are not looking the other side of story. Like what products StarLay have created. usually Defi projects start with 1 prospect to offer rewards which are not even technically possible. Kagla / Muuu / StarLay , which are already working products & the addition to latest Makai . Like Neo said they will keep on building.
i want to ask people who are much into criticism right now that tell me which project so far came with multiple working products on ASTAR ecosystem even the project is not officially launched in any kind of CEX. just a mistake in past of launching on a DEX you guys are forgetting the bright side of the project. I can feel the pain for those people/participants who are from Round 1 and Round 2 sale. at least give a chance to get things right instead of keep on doing the criticism. let the project launch with a breathable crypto space.
Some wise men said ( You canât satisfy everyone ) . So this kind of criticism will always be there, coming from some other projects or competitors who canât see LAY succeed.
the same thing was happening with ICON Foundation, the community was constantly against giving them money & so much criticism , and constantly got into their pockets, as a result, the developers left the network, and created very large and worthy projects. An example of one of them is 6,200,000,000+ Digital Assets Stacked.
@Morris just tagging you all so that you can read my 10 cents. lets grow together and this Bearmarket cannot harm us once we are on track to do everything as per the plan.
2 Likes