Everything you need to know about the Astroport-AMM built to become the DeFi liquidity hub of the Terra ecosystem

Astroport will allow users to choose between different types of pools within a single AMM system while taking advantage of support for all of Terra’s property types.

The stage is ready to launch a swap and merger function, as $ 1.2 billion in liquidity has been successful migrated from Terra’s DEX Terraswap to Astroport’s smart contracts.

ASTRO generator dual distribution model

Like many DeFi protocols out there, Astroport has its own token management – ASTRO.

Holders who choose to invest their management tokens in the ASTRO pool will be given the right to vote on issues relevant to the communities surrounding the protocol. This power can be increased if owners choose to lock their ASTRO tokens for up to two years – while benefiting from an additional share of trading fees as well as liquidity-enhancing rewards.

ASTRO, which will be distributed to LPs through liquidity mining, will be ‘broadcast’ at a pre-determined rate from the Astral Assembly-Astroport version of DAO.

Because, on a set-specific basis, LPs receive different management tokens from both Astroport and extrinsic DeFi communities, the protocol introduced smart proxy-based contracts called ‘ASTRO generators’ that allow for a double set of incentives.

According to a recent protocol announcement, ASTRO generators that allow the simultaneous production of ASTRO tokens and other third-party management tokens will be launched in the coming weeks.

Different types of pools

One of the key attractions of Astroport is the fact that it supports different types of pools – which allows AMM to adapt to different token markets.

The amount of ASTRO tokens and the sets they run into will be determined by those who invest ASTRO in the protocol, called Astral Assembly members.

Every two weeks, Astral Assembly members will have the opportunity to vote for the groups that should receive the largest amount of ASTRO tokens.

Astral Assembly will not be live when Astroport is launched, and in the meantime the prizes will be shared between the pools according to the ASTRO show schedule released in the announcement.


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