Starbank: Partnership with Alnair Finance, Yield Optimizer Platform on AstarNetwork

Starbank
2 min readApr 8, 2022

We are excited to announce a new partnership with @Alnair_Finance to maximize user rewards through the Alnair Finance vault.
This partnership will greatly contribute to the @AstarNetwork DeFi space.

We are communicating closely with Alnair team to seek how we can collaborate and work together to grow @AstarNetwork

About Alnair
The Alnair Finance is a Yield Optimizer Platform that allows users to stake LP-Tokens issued from AMMs (Automated Market Makers) / DEX (Decentralized Exchange) in Alnair Vaults, which automatically harvest and re-stake their rewards as LP-Tokens for a compounding effect.

Thanks to the automation factor in the process of yield generation and compounding, users don’t need to manually reinvest their staking rewards, but can rely on automated asset growth by simply making a deposit into an Alnair Finance vault.

About Starbank
The Starbank protocol, based on Balancer V2, adds further incentives for Astar Network participants by introducing revenue sharing through the next generation AMM protocol. The protocol has some kind of pool.

Weighted Pools enable users to invest cryptocurrency like Index Funds. It manages your portfolio like Index Funds instead of portfolio managers. Users will be able to create pools which can contain up to 8 different tokens.

Stable Pools allow trading of Stable Token and other pegged assets. This pool allows for larger trades of these assets before encountering a significant impact on the price.

Liquidity providers will be rewarded with our native token $SBX. Receive rewards on swap protocol fees and get more $SBX rewards by staking in boosted pools. Staked tokens enable users to take part in governance.

Starbank aims to be an all-in-one decentralized investment platform. Our vision is to bring liquidity from other chains and provide stability to Astar network, and it will provide more financial opportunity to all. It’s not only for users, other protocols as well. Your DeFi home is here.

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