Hi @Marroz, I’m Hysenberg, Head of Smart Contracts at Sake Finance.
You raise some good questions, let me see if I can answer them.
I would appreciate it if someone (not you) explained to me clearly why a non-owner of astar should buy it
Here are some related forum posts that explain some of the bull cases for ASTR on Soneium.
ASTR’s Role within the Soneium Ecosystem
Proposal to Build a Fast Finality Layer for Soneium with ASTR and Restaked ETH for Economic Security
Sake is also expanding the use cases of ASTR in Soneium defi. Some examples of some investment strategies with ASTR in the Sake lending markets:
- Borrow stablecoins. Are you bullish on your tokens (ETH, ASTR) but need some USD liquidity? Traditionally, this would require you to sell your tokens, meaning you miss out on any future price action. With a lending market, you can supply your tokens as collateral to borrow stablecoins like SONE or USDC. This way, you maintain your exposure to ETH and ASTR price action while having stablecoins in hand.
- LST loopers. Looking to multiply your interest on ASTR LSTs? Loopers allow you to recursively supply the LST (eg wstASTR), borrow the base token (eg ASTR), and swap for more LST. In doing so, you gain exposure to more LST than simply holding spot, meaning you gain more from the LST interest rate.
- Lever longs. Similar to the LST loopers, this strategy recursively supplies and borrows. Instead of supplying and borrowing correlated assets (wstASTR/ASTR), lever longs supply and borrow uncorrelated assets (eg ASTR/USDC or ETH/SONE). This strategy is useful when you are betting on the price of your tokens pumping relative to USD.
Sake Loopers coming soon 