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Starfish Finance news
About Starfish Finance
What is Starfish Finance (SEAN)?
Starfish Finance is a multi-chain DeFi x NFT-Fi hub incubated by the Astar Builders program. Based on Balancer V2, users can create liquidity pools consisting of up to eight assets, yield farm, and swap stablecoins & tokens on Starfish decentralized exchange (DEX). In addition to a full DeFi suite, Starfish also enables $DOT liquid staking to unlock liquidity potentials while users continue to earn $DOT staking rewards.
Starfish also offers peer-to-pool NFT financing that supports cross-chain collateralization. Through its integration with Celer Network’s IM Framework, an inter-chain messaging mechanism, users can stake NFTs on its native chain as collateral to borrow assets from Starfish Reserve Vault. While lenders can provide liquidity in forms of stablecoins and other assets to the Reserve Vault to earn interest.
SEAN is the native utility token that is used for:
- Sharing platform fees in stablecoin
- Gain access to liquidated NFT auctions for a chance to purchase NFTs at a discount
- Governance votes for key protocol decision-making
Who Are the Founders of SEAN?
Starfish Finance was founded by Moon Pilot, a pseudonymous developer who has led and co-founded several successful DeFi protocols & NFT projects. Moon Pilot was an ex-product lead at a blockchain unicorn and holds a degree in Computer Science from a top North American university.
Together with Moon Pilot, other core members of the Starfish Finance team include Earth Lieutenant, Mars Captain, Jupiter Colonel, Mercury Major, Pluto Admiral, Neptune Marshal and Uranus Commander. The Starfish team blends each members’ solid experience in business, product, partnership and technical development of various Web3 and NFT domains.
How Many SEAN Tokens Are There in Circulation?
The native token of Starfish Finance known as SEAN was issued via a token sale on Tokensoft. There will be a capped max supply of 1,000,000,000 SEAN tokens, of which 37,300,000 SEAN (3.73%) were initially issued upon listing.
SEAN token distribution is as follows:
- Seed sale: 4%
- Private sale: 2.4%
- Public sale: 4.6%
- Liquidity: 10%
- Reserve: 10%
- Community Growth: 15%
- Ecosystem: 40%
- Team: 10%
- Advisor: 4%
What is Starfish Finance?
Starfish Finance is an innovative platform that merges the realms of decentralized finance (DeFi) and non-fungible tokens (NFTs), offering users a comprehensive suite of services to enhance their investment and entertainment experience. This platform is a product of the Astar Builders program, showcasing its commitment to expanding the utility and accessibility of blockchain technology.
At its core, Starfish Finance is built on the Balancer V2 protocol, allowing for the creation of liquidity pools with up to eight different assets. This flexibility enables users to engage in yield farming activities, swap stablecoins, and trade tokens through its decentralized exchange (DEX). The platform's design caters to both seasoned investors and newcomers to the DeFi space, providing a user-friendly interface and a variety of investment options.
One of the standout features of Starfish Finance is its integration of $DOT liquid staking. This allows users to stake their $DOT tokens, unlocking liquidity potentials while still earning staking rewards. This feature represents a significant advancement in the DeFi space, offering users the ability to maximize their investment potential without sacrificing the benefits of staking.
In addition to its DeFi offerings, Starfish Finance introduces an innovative approach to NFT financing. Through peer-to-pool NFT financing, users can stake NFTs as collateral to borrow assets from the Starfish Reserve Vault. This cross-chain collateralization is facilitated by the Celer Network’s IM Framework, ensuring a seamless and secure borrowing experience. Lenders, on the other hand, can provide liquidity to the Reserve Vault in the form of stablecoins and other assets, earning interest in the process.
The native utility token of the platform, SEAN, plays a crucial role in its ecosystem. It is used for various purposes, including sharing platform fees in stablecoin, accessing liquidated NFT auctions at a discount, and participating in governance votes for key protocol decisions. This tokenomics model ensures that SEAN holders have a vested interest in the platform's success and governance.
The team behind Starfish Finance is led by Moon Pilot, a pseudonymous developer with a proven track record in the DeFi and NFT spaces. The team comprises individuals with diverse backgrounds in business, product development, partnerships, and technical development, all of whom bring a wealth of experience to the project.
With a capped max supply of 1,000,000,000 SEAN tokens, the platform ensures a balanced distribution to support its ecosystem's growth and sustainability. The allocation of tokens is strategically planned to support various aspects of the platform, including liquidity, community growth, ecosystem development, and rewards for the team and advisors.
In summary, Starfish Finance represents a significant evolution in the DeFi and NFT spaces, offering users a versatile platform for investment, entertainment, and financial growth. Its innovative features, such as multi-asset liquidity pools, $DOT liquid staking, and peer-to-pool NFT financing, set it apart from traditional DeFi platforms. With a strong team and a clear vision, Starfish Finance is poised to make a lasting impact on the blockchain landscape.
How is Starfish Finance secured?
Starfish Finance leverages a robust DeFi technology foundation, integrating gamified features across various blockchain ecosystems to ensure a secure environment for its users. The platform's security infrastructure is reinforced through strategic partnerships and regular audits, which are essential in safeguarding user data and transactions. This multi-layered approach to security is crucial in addressing the inherent risks associated with decentralized finance and blockchain technology.
At its core, Starfish Finance is a DeFi x NFT-Fi hub that facilitates a wide range of financial activities, including liquidity pooling, yield farming, and stablecoin & token swaps via its decentralized exchange. The platform's use of Balancer V2 technology allows for the creation of liquidity pools with up to eight assets, enhancing the flexibility and efficiency of asset management within the ecosystem.
Furthermore, Starfish Finance introduces innovative features such as $DOT liquid staking and peer-to-pool NFT financing. These features not only expand the utility of the platform but also incorporate additional layers of security through mechanisms like the Celer Network’s IM Framework for cross-chain collateralization. This enables users to stake NFTs as collateral in a secure manner, fostering trust and reliability within the platform.
The native utility token, SEAN, plays a pivotal role in the ecosystem, facilitating platform fee sharing, access to discounted NFT auctions, and governance participation. The strategic distribution of SEAN tokens ensures a balanced allocation towards various stakeholders, including the community, ecosystem development, and the founding team, further aligning interests and securing the platform's long-term viability.
In conclusion, Starfish Finance's security measures are deeply integrated into its operational framework, combining advanced DeFi technologies, strategic partnerships, and comprehensive audits to create a secure and trustworthy environment for its users. This approach underscores the platform's commitment to security, innovation, and user empowerment in the evolving landscape of decentralized finance and blockchain technology.
How will Starfish Finance be used?
Starfish Finance emerges as a comprehensive platform within the decentralized finance (DeFi) and non-fungible token (NFT) sectors, offering a wide array of services to its users. It is designed to facilitate stablecoin swaps, enabling users to exchange one stablecoin for another efficiently. This feature is crucial for traders seeking to manage their portfolios without exposing themselves to the volatility typically associated with cryptocurrencies.
Furthermore, Starfish Finance delves into the NFT-Fi space, providing innovative solutions for NFT collateralization. This allows users to leverage their NFT assets as collateral to borrow funds, introducing liquidity into the NFT market. Such a mechanism opens up new avenues for NFT holders, enabling them to unlock the value of their assets without selling them.
Liquidity provision is another cornerstone of Starfish Finance, where users can contribute to liquidity pools. By doing so, they facilitate trading on the platform and earn rewards in return. This is complemented by staking and farming opportunities, where users can stake their tokens or participate in yield farming to earn additional rewards, enhancing their investment potential.
Starfish Finance also supports the launch of token offerings and NFT auctions, providing a platform for projects to raise funds and for users to access new tokens and NFTs. This feature is particularly appealing to both creators and collectors, fostering a vibrant ecosystem around digital assets.
The platform is built on the Astar Network and incorporates Balancer V2 technology, allowing for the creation of liquidity pools with up to eight assets. This flexibility in liquidity pool composition is a significant advantage, offering users more options to diversify their investments.
SEAN, the native utility token of Starfish Finance, plays a pivotal role in the ecosystem. It is used for various purposes, including sharing platform fees, gaining access to liquidated NFT auctions, and participating in governance votes. This ensures that SEAN holders have a say in the platform's development and can benefit from its growth.
In conclusion, Starfish Finance offers a multifaceted platform that caters to a wide range of needs within the DeFi and NFT markets. From stablecoin swaps to NFT collateralization and liquidity provision, it provides users with numerous opportunities to engage with the digital asset space. With its innovative features and strong foundation, Starfish Finance is poised to make a significant impact on the DeFi and NFT landscapes.
What key events have there been for Starfish Finance?
Starfish Finance has marked its presence in the DeFi and NFT-Fi sectors through a series of significant developments and strategic moves. Initially, the platform distinguished itself by launching an advanced automated market maker (AMM) model based on Balancer V2 technology. This innovation allows users to create liquidity pools with up to eight different assets, offering a versatile and efficient DeFi experience.
A pivotal moment for Starfish Finance was its incubation under the Astar Builders program, which not only provided it with essential support and resources but also positioned it as a noteworthy project within the Astar ecosystem. This partnership underscores the project's commitment to fostering a multi-chain DeFi and entertainment finance experience, blending traditional decentralized finance with the burgeoning field of NFTs.
Expanding its horizons, Starfish Finance ventured into NFT-Fi, introducing peer-to-pool NFT financing. This feature enables cross-chain collateralization, allowing users to stake NFTs as collateral to borrow assets, thereby unlocking liquidity potentials in the NFT space. The integration with Celer Network’s Inter-chain Messaging Framework facilitates this cross-chain functionality, enhancing the platform's utility and appeal.
The native token, SEAN, plays a central role in the ecosystem, offering holders various benefits such as a share in platform fees, access to liquidated NFT auctions, and governance rights. This token model reflects a well-thought-out strategy to incentivize participation and ensure the platform's sustainable growth.
Starfish Finance's journey is characterized by its innovative approach to combining DeFi and NFT-Fi functionalities, strategic partnerships, and a strong foundation in DeFi technology. As the platform continues to evolve, it remains focused on delivering a comprehensive DeFi x Entertainment-Fi experience to its users, leveraging the strengths of its team and the broader community.
The live Starfish Finance price today is $0.000699 USD with a 24-hour trading volume of $136,450 USD. We update our SEAN to USD price in real-time. Starfish Finance is up 1.41% in the last 24 hours. The current CoinMarketCap ranking is #3732, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 SEAN coins.
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