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  • Overview
  • How to Use the Astar Pool
  • Benefits of the Astar Pool
  • Start Using the Astar Pool
  1. Lending and Borrowing

Astar Pool

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Last updated 1 month ago

Overview

The Astar Pool on Sake Finance allows users to deposit nsASTR and borrow $ASTR, providing flexibility and efficiency in managing assets within the Soneium ecosystem. By leveraging the pool, users can optimize their liquidity and explore various DeFi strategies.

How to Use the Astar Pool

Step 1: Deposit nsASTR & Borrow $ASTR

  1. Head to Sake Finance.

  2. Navigate to the Liquidity tab and select Astar Pool.

  3. Deposit nsASTR to enable borrowing.

  4. Borrow $ASTR against your deposit.

Step 2: Obtain nsASTR

If you don’t already have nsASTR, you can acquire it in two ways:

  • Swap for nsASTR: Visit Kyo Finance to swap for nsASTR.

  • Mint nsASTR: Stake ASTR on Neemo Finance to mint nsASTR.

Step 3: Reinvest nsASTR

  1. Once you have nsASTR, deposit it back into the Astar Pool on Sake Finance.

  2. This enables further borrowing and enhances liquidity utilization.

Benefits of the Astar Pool

  • Flexible Liquidity: Borrow against nsASTR while maintaining exposure to ASTR.

  • Yield Optimization: Leverage nsASTR for additional DeFi strategies.

  • Seamless Integration: Works within the Soneium ecosystem for easy asset management.

  • With E-mode turned on Astar Pool you can borrow up to 75% LTV.

  • Without E-mode you can loan up to 60% LTV.

Start Using the Astar Pool

Explore the Astar Pool now and optimize your liquidity strategy on Sake Finance: https://app.sakefinance.com/.