Astarter provides fair, safe, and accessible open finance services on Cardano, developing decentralized finance applications for the Cardano ecosystem. Astarter is a key DeFi infrastructure hub on Cardano with four core applications: Launchpad, DEX, Money Market &amp; Tech Service Platform.

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Astarter

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Cardano-based DeFi protocol Indigo surged to briefly occupy a spot among the top 10 decentralized finance (DeFi) protocols.
The autonomous synthetics protocol allows users on-chain price exposure to real-world assets. Simply put, it enables users to trade virtual versions of real-world assets on the blockchain, expanding the realm of possibilities in the DeFi space.
MakerDAO retains its dominance, sitting at the helm with a staggering TVL of $4.78 billion. As a decentralized credit platform on Ethereum, MakerDAO allows users to create and manage the DAI stablecoin. Following closely is JustStables, another protocol operating on a single chain, with a TVL of $1.644 billion. Rounding out the top three is Liquity, a decentralized borrowing protocol, which has managed to lock in assets worth $648.34 million.
<h2>Cardano’s leading protocols</h2>
The Cardano network, known for its advanced proof-of-stake consensus mechanism, has seen a surge in DeFi adoption.
Leading the pack is Minswap, a decentralized exchange with a total value locked (TVL) of $47.62 million.
Indigo, after temporarily claiming the top position before settling, comes in second with a TVL of $46.94 million.
Following closely are Liqwid and Optim Finance, lending platforms with $21.21 million and $13.16 million TVL, respectively. It is also worth noting the explosive growth of Astarter, which saw over 1,000% growth in the past month.
<h2>Landscape of DeFi protocols</h2>
When it comes to the broader DeFi landscape, Ethereum still reigns supreme with an astounding $22.228 billion TVL and 942 active protocols.
Tron and BSC follow, with $7.793 billion and $3.199 billion TVL, respectively. Despite Ethereum’s dominance, other chains like Cardano are steadily carving out their niche.
<a href="https://u.today/cardano-based-defi-protocol-climbs-ranks-to-join-top-10?utm_source=CryptoNews&amp;utm_medium=app" target="_blank">Source</a>
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Elevenews

Cardano-Based DeFi Protocol Climbs Ranks to Join Top 10 - ELEVENEWS

We are thrilled to announce that ADEX V2.0, our highly anticipated decentralized exchange, is scheduled to launch on 30th Aug.This major release represents a significant milestone in our mission to revolutionize decentralized finance. The Astarter, Cardano, and broader communities play an integral role in helping us refine and optimize our DEX for its exclusive launch on the Cardano mainnet.Soon we will unveil our new incentive mechanism for the launch of ADEX V2 on Cardano — ‘ADEX V2.0 Open Beta Test Campaign’. But before that, let’s shed light on the summary of results from our ADEX V1,0 Closed Beta Test and update our community on the technical progress made since the first iteration.<h1 style="margin-left:0px;">Review of ADEX V1.0 Closed Beta Test Campaign</h1>The Closed Beta Test Campaign comprised four rounds targeting specific group, with an enthusiastic response from 31,582 participants. Over 75% of the feedback received was positive.<img class="image_resized" style="width:600px;" src="https://miro.medium.com/v2/resize:fit:1200/0*kgnf2_EzGZ0JagEv" alt="" loading="lazy">Check this <a href="https://medium.com/@AstarterDefiHub/astarter-dex-v1-0-closed-beta-test-summary-58d5c7c5f72b">article</a> for a summary of the ADEX V1.0 Closed Beta Test Campaign. Based on the feedback we received and market demands, we have improved the features of ADEX V2.0 shown below.<h1 style="margin-left:0px;">ADEX V2.0 Improvements</h1><h2 style="margin-left:0px;">Two-step transaction: Redefining Trading Possibilities</h2>One of the standout features of ADEX V2.0 is the advanced two-step transaction process that enhances transaction throughput efficiency and security. This approach, alongside ADEX Automated Market Maker (AMM), leads the way forward. Swap orders can now be matched and executed with improved transaction speeds reducing price slippage.<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*C_pQsuZASrQZN1ot" alt="" loading="lazy"><h2 style="margin-left:0px;">EUTXO Model</h2>Utilize the EUTXO model, enabling advanced smart contract functionality and facilitating complex trading strategies.<h2 style="margin-left:0px;">Dynamic Reverse Mechanism to avoid overcharging</h2>How does the Reverse Mechanism work?<img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*wz-t2GeTQ6KdViAu" alt="" loading="lazy">Imagine a scenario: a user decides to swap 100 ADA for token1. Initially, the user receives 108 token1 at the current exchange rate. However, when it’s time to confirm the swap, the Dynamic Reverse Mechanism steps in. It will reversely calculate how many ADA 108 token1 can swap based on a real-time ratio.Here’s how it unfolds:<ul><li>Real-Time Calculation: The Dynamic Reverse Mechanism calculates how many tokens can be swapped based on the real-time exchange ratio. This ensures that users are only charged for the precise number of tokens they are receiving, avoiding any unnecessary overcharges.</li><li>Fair and Transparent: By employing this mechanism, we ensure fairness and transparency in transactions. Users can trust that their transactions accurately reflect the current market conditions, preventing any surprise discrepancies.</li></ul><h2 style="margin-left:0px;">UI &amp; UX Improvement: A Visually Refined and User-Friendly Interface</h2>ADEX V2.0 introduces a visually refined and user-friendly interface, enhancing the trading experience. The visual style is polished to provide a more appealing environment for users. We have implemented Dark Mode for a comfortable trading experience in low-light conditions. Furthermore, the interactive context fine-tuning makes the platform more intuitive and efficient for seamless trading.ADEX V2.0 Open Beta Campaign Notice:The campaign consists of two phases: Participants from Phase 1 and Phase 2 will have the chance to share a prize pool valued at a six-figure amount or more!<blockquote>Phase 1 Open Beta Test Warm-Up</blockquote>Duration: 30th Aug — 6th SepHow to Participate:<ol><li>Register on ADEX via Cardano Wallet</li><li>Complete all interactions with ADEX: Swap/Add Liquidity/Withdraw Liquidity</li><li>Submit test feedback</li></ol>If you missed Phase 1, don’t worry; Phase 2 is open to all participants.<blockquote>Phase 2 Open Beta Test Campaign</blockquote>Duration: 7th — 20th SepHow to Participate :<ol><li>Register on ADEX via Cardano Wallet</li><li>Complete all interactions with ADEX: Swap/Add Liquidity/Withdraw Liquidity</li><li>Submit test feedback</li></ol>The campaign details about participation methods and start dates will be announced soon on Astarter’s Social Channels, please stay tuned on our official channels.Rewards will be distributed approximately ten working days after the campaign completion.Stay tuned for further updates. All the details of ADEX V2.0 Open Beta Campaign will be announced on Astarter Medium very soon!<h1 style="margin-left:0px;">Conclusion</h1>In summary, ADEX V2.0 is a comprehensive upgrade and change in the overall product performance based on ADEX V1.0. This release introduces the integration of Two-step transaction processing, providing traders with flexibility and increasing market efficiency. Moreover, ADEX V2.0 focuses on concurrency and scalability to ensure seamless transactions even during peak periods. The new refined UI, including dark mode, offers a visually appealing and user-friendly experience. Explore ADEX V2.0 and embrace the new era of decentralized exchanges. The possibilities are boundless.

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ADEX V2.0: Empowering the Cardano Ecosystem

Astarter DEX(ADEX) recently wrapped up its Closed Beta Month, which began on April 11, 2023, and ran through to April 30. There are three priority rounds, each having exclusive access through a wallet address whitelisting mechanism. Methods to join the rounds of testing are announced each week within Astarter community channels and partner project campaigns.<h1 style="margin-left:0px;">ADEX Closed Beta Rounds</h1>· Round 1 (11th — 17th April) : 300 tickets (For Ambassadors &amp; Community Supporters)· Round 2 (18th — 24th April): 100 Tickets (For KOLs &amp;Wallets Collaborative Campaigns)· Round 3 (25th — 30th April): Astarter AA1 Stake Pool Delegators &amp; Merge Staking Partner Pools Participants)· Surprised Round: (1st-15th May) Invite 100 community members who want to test but miss the chance to get the test whitelist.Check the following form for all whitelisted address that participated in testing ADEX: <a href="https://docs.google.com/spreadsheets/d/1kCvwHYAIzRIDICqWm1S4Iy1A5kJ7W_zCvbEineYFedY/edit?usp=sharing">https://docs.google.com/spreadsheets/d/1kCvwHYAIzRIDICqWm1S4Iy1A5kJ7W_zCvbEineYFedY/edit?usp=sharing</a>In the runup to round 1 we held registration campaigns on three Web3 platforms (Crew3, Galxe, and Port3) for the 300 available tickets and received a staggering 31,582 responses to our registration questions. In addition we also made a limited number of tickets available via Cardanospot community campaign.We started round 1 testing with two wallet connectors, NAMI and Yoroi and scheduled collaborative wallet campaigns for round 2.Within the first day of testing, Astarter technical team had integrated Eternl, NuFi and Flint wallets. With the release of Lace 1.0 from Input Output Global also happening on April 11, our technical team set about that integration the next day.<h1 style="margin-left:0px;">Community Test Feedback</h1>We asked beta testers to provide feedback and received some very helpful suggestions and overall positive feedback. All feedback helps us improve ADEX before going live.Check the pic below for Community First Impressions of ADEX:<img class="image_resized" style="width:573px;" src="https://miro.medium.com/v2/resize:fit:573/1*jLud_Y6uT9W9oxZ-k2ypDA.png" alt="" loading="lazy">On the User Interface UI design, one suggestion that arose several times was for a Night/Dark Mode toggle. ADEX Swap screen has a light 3D representation of the Astarter logo set as background. The background image highlights the light themed UI and we’re considering adding a dark themed night mode toggle that incorporates the dark version of the Astarter logo.Supporting multiple wallet integrations allows beta testers to use the wallet they are familiar with and apart from some intermittent connection errors, everyone appears to be making basic swaps, creating pools depositing and withdrawing liquidity. Of the issues identified further testing is required to rule out those related to the Cardano protocol requirement to maintain sufficient ADA balance as collateral for successful smart contract execution.Overall, the four rounds of DEX testing were successful in demonstrating the performance, efficiency, and functionality of the Astarter DEX. The Astarter development team will continue to refine and optimize the DEX, based on the feedback and suggestions received from the testing participants and the Cardano community. The Astarter DEX is poised to play a key role in the Astarter DeFi ecosystem, and it will enable users to swap assets, provide liquidity, and access a range of DeFi applications and services.Check this tweet for the video version of ADEX V1.0 test summary:&nbsp;Thanks for reading. Stay tuned for more updates on our ADEX!

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Astarter DEX V1.0 Closed Beta Test Summary

You are here: <a target="_blank" href="https://www.tronweekly.com/">Home</a> / <a target="_blank" href="https://www.tronweekly.com/category/news/">News</a> / <a target="_blank" href="https://www.tronweekly.com/category/news/altcoin-news/">Altcoin News</a> / Cardano ADA Dips To 40-Day Low At $0.35, Exploring The Potential For Price Recovery<article><div>
Cardano (ADA) experienced a dip yesterday, reaching a low point of $0.3586. It marks a 40-day low, with the last sighting of this level being on April 28th. Unfortunately, the decline continues as ADA faces a downturn of approximately 1.11% and is <a target="_blank" href="https://coinmarketcap.com/currencies/cardano/">currently trading</a> at $0.3653.
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<figure><img src="https://www.tronweekly.com/wp-content/uploads/2023/05/ADA_1D_graph_coinmarketcap-1024x509.jpg" alt="ADA 1D graph coinmarketcap" srcset="https://www.tronweekly.com/wp-content/uploads/2023/05/ADA_1D_graph_coinmarketcap-1024x509.jpg 1024w, https://www.tronweekly.com/wp-content/uploads/2023/05/ADA_1D_graph_coinmarketcap-300x149.jpg 300w, https://www.tronweekly.com/wp-content/uploads/2023/05/ADA_1D_graph_coinmarketcap-768x382.jpg 768w, https://www.tronweekly.com/wp-content/uploads/2023/05/ADA_1D_graph_coinmarketcap.jpg 1182w" title="Cardano ADA Dips To 40-Day Low At $0.35, Exploring The Potential For Price Recovery 2" /><figcaption>Source: coinmarketcap</figcaption></figure></div>
Looking at the weekly chart, things don’t look much better, as there is a 5.04% dip to contend with. However, there is some positive news in the form of a 12.05% increase in 24-hour trading volume, reaching a total of $273,582,866.
<h2>Cardano’s Strong Fundamentals Fuel Bullish Sentiment Amid Market Downturn</h2>
Surprisingly, despite the price drop, most of the market’s orders are actually buys instead of sells. It could mean a potential reversal is coming soon as investors bet on ADA’s long-term potential. 
Recent data shows buyers are accumulating ADA at current prices, possibly because they believe the asset is undervalued and poised for growth. Notably, this trend is happening during a market downturn, highlighting Cardano’s strong fundamentals. 
Cardano’s steady development and adoption progress have stirred up a bullish sentiment around it, according to a recent<a href="https://twitter.com/cardano_whale/status/1655762668052160512" target="_blank"> tweet</a> by ADA Whale, the network processed close to 100,000 transactions yesterday, including a significant DeFi activity. 
The community seems optimistic about Cardano’s potential to scale up to five times that number in the next bull market or even rapidly scale up whenever necessary, especially with Seba’s outlined tools.
However, there’s still work to be done, and the community needs to be ready with a game plan. The good news is that there are some near-term Cardano DeFi launches to look forward to.
Which <a target="_blank" href="https://twitter.com/cardano_whale/status/1655734591536386048">includes </a>a DEX from AstarterDefiHub, a DEX and bar from VyFiOfficial, a public testnet from TeddySwap, a phase 2 testnet from ENCOINS1, a v2 testnet (in two weeks) from AadaFinance, a testnet from yamfore, an iUSD proposal and vote from liqwid finance, a mainnet from anetaBTC, and a mainnet from SpectrumLabs_.
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Meanwhile, in<a target="_blank" href="https://twitter.com/cardano_whale/status/1655820067811233792"> another tweet</a>, ADA Whale pointed out that there’s an alternative future for DeFi, where payments and fixed income become primary use cases rather than fast and cheap speculation on intangible assets. 
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<blockquote>There’s an alternative future for DeFi where payments and fixed income (a $127tn market) become primary use cases instead of fast and cheap speculation on intangible stuff. There’s a growing conviction that DeFi is the product or use case itself but I’m not buying it— ADA whale (@cardano_whale) <a href="https://twitter.com/cardano_whale/status/1655820067811233792?ref_src=twsrc%5Etfw" target="_blank">May 9, 2023</a></blockquote>
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He believes that DeFi is not the product or use case itself but only a part of the puzzle. This different perspective sometimes puts him at odds with others on the topic.
In ADA Whale’s opinion, Cardano might be unable to facilitate a dydx today, but something like that is better left on centralized rails. Instead, he suggests using Hydra for payments and Cardano for bonds, which might work wonders. 
Nevertheless, the impact of these developments on the future price of ADA remains to be seen. But, for now, Cardano’s <a href="https://pricepredictions.com/forecast/cardano" target="_blank">long-term</a> trend is bearish, predicting a $0.00527 decrease to $0.36284 by May 16th, 2023. In the short term, ADA is neutral, with a slight potential for an increase or decrease in the next few hours.
Related Reading | <a target="_blank" href="https://www.tronweekly.com/binance-expand-nft-ecosystem-bitcoin-ordinals/">Binance To Expand NFT Ecosystem With Bitcoin Ordinals: Report</a>
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Fair, safe, and accessible open finance services on Cardano, developing decentralized finance applications for Cardano.

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