The Astar Pool on Sake Finance allows users to deposit wstASTR 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.
Head to Sake Finance.
Navigate to the Liquidity tab and select Astar Pool.
Deposit wstASTR to enable borrowing.
Borrow ASTR against your deposit.
If you don’t already have wstASTR, you can acquire it in two ways:
Swap for wstASTR: Visit Kyo Finance to swap for wstASTR.
Mint wstASTR: Stake ASTR on Astake to mint wstASTR.
Once you have wstASTR, deposit it back into the Astar Pool on Sake Finance.
This enables further borrowing and enhances liquidity utilization.
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Multiplied Rewards: Enhance your wstASTR staking rewards.
Flexible Liquidity: Borrow against wstASTR while maintaining exposure to ASTR.
Yield Optimization: Leverage wstASTR 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.
The Astar pool has been successfully and fully recovered from the exploit on Neemo Finance. Users with outstanding balances can repay and withdraw their nsASTR and use it to claim ASTR. nsASTR can no longer be supplied or borrowed from this pool.
Explore the Astar Pool now and optimize your liquidity strategy on Sake Finance: https://app.sakefinance.com/.
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