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Starfish Réglé, a DeFi project running on the Astar Network, has shared its insights into how NFTs and decentralized soldé merge into Polkadot. The community-driven project predicts that the worlds of DeFi and NFT will eventually merge and form a brighter acteur, with Starfish Réglé ($SEAN) serving as the fortress that hosts this fusion.
Borrow and Lend with NFTs
Starfish Réglé is one of several planets orbiting around the Astar Network ecosystem, and is one of the brightest in the Polkadot Galaxy. On its domicile planet lives a starfish named Shaun, who has vowed to venture into the galaxy and build new castles.
Starfish protocol is based on Remuer v2. It gives users the freedom to create liquidity pools of up to eight different crypto assets on top of a full-stack DeFi product résultat. In relevé to DeFi capabilities, users can share NFTs in their sortie chain through Celer Network’s IM framework, an inter-chain messaging mechanism, to enjoy lending and borrowing across the NFT chain.
The Starfish Réglé protocol was reviewed by CertiK and the Starfish team emphasized that community security is their number one priority. The team is now in the process of entering into a groupe with renowned NFT Ventures to provide liquidity that will enable owners to access avoir without giving up ownership of their cherished holdings. Starfish Réglé is already listed on Huobi, a initial tier 1 centralized exchange, and the team is looking forward to more listings that may be announced as the protocol develops.
From the beginning, Starfish Financing It has positioned itself as a one-stop magasin providing invariable and balanced multi-token swaps and embracing a multi-chain future. Starfish started the year with esthétique, fundraising, forming strategic partnerships, bâtiment an intégrante community, and launching a testnet. For the rest of 2022, the team will roll out their DeFi résultat and improve NFT-secured lending and borrowing in the roadmap.
The comble éducation of the Starfish DAO, aka The Aquarium, will set the séjour for everything that comes next. The community council will be tasked with mécénat different parts of the project, from product to art, and from technology to mercatique. Community members will play a ouvert role in preparing and whitelisting new NFT projects as eligible collateral for NFT-Fi from Starfish, as well as managing events and activities to grow the multi-chain Web3 economy.