I am referring to this one that you can see in the photo… finished or not, at the moment astar has no reason to be used more than any other token within the platform…
Hey Marroz,
We wanted to reward early Astar depositors with extra incentives, which is why the multiplier was set. Every deposit currently earns 1 Sake Point per $1,000 deposited per hour.
Additionally, we’re upgrading our protocol to add more utility to Astar.
We’re actively working to enhance the use cases for Astar tokens within the Sake ecosystem, whether through ASTR/ASTR LST looping or by enabling ASTR to be used for borrowing other assets.
I’ll definitely bring this feedback to the team!
2 Likes
I understand the initial ‘reward’ to contributors in astar… today I see a dapp, very nice, because I use it too, in which astar is like all the other tokens, there are no incentives… it’s not a criticism of you personally, rather in general, some strong words have been said about the role of astar in soneium, and the words must be followed by facts… not that after a month astr is incentivized like all the other tokens… otherwise I would appreciate it if someone (not you) explained to me clearly why a non-owner of astar should buy it… I await future updates and new particularly stimulating use cases of astar, trusting that you will remember those who believed in your project from the beginning…
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 
2 Likes
Great answers, @Hysenberg! Thanks for all this valuable information and for making points as clear as possible.
LFGM!
2 Likes
Astar Pool is Live on Sake!
The Astar Pool is now available, allowing you to deposit nsASTR and borrow $ASTR
How to Use the Astar Pool:
Deposit nsASTR to start borrowing $ASTR.
Get nsASTR: Swap on Kyo: KYO Finance Mint on Neemo: Neemo Finance
Reinvest your nsASTR into Sake Finance for more liquidity strategies!
Check this post to learn more!: x.com
4 Likes
Great news! I love to see these strategies driving mass adoption and use of $ASTR, Brutal!
Personally I will be among the first to try this new system 
1 Like
That’s great! It’s a way to increase utility so more people will use ASTR.
Besides this pool, what other plans does the team have? =)
ah apologise for the late response!
We are working to onboard more assets that are multichain too eg. SolvBTC, other form or LRT/LST ETH.
The looper strategy will also soon be deployed!
The ACS Campaign has been doing awesome for Soneium, Sake and the Astar Network!
Do check out this post to learn more about it with Sake
https://x.com/sakefinance/status/1895304693628494068
3 Likes
Sake just increased our nsASTR supply cap from 5M to 15M nsASTR.
3 Likes
Excellent! I totally agree with the team’s plan to expand asset options for users in multiple ways. If you have any good campaigns or activities, please share them. Maybe we can help promote and get more people to use the service. =)
1 Like
Great news! Awesome to see this increase actions!
1 Like
Impressed by what you are building. I would love to connect with you and how we can contribute to the growth of Sake Finance as a venture capital with a lot of portfolios in web3.
Hey sure thing, drop me a dm here.
Great news! Awesome to see this increase actions!