Put on your favorite Travis Scott track and enter ASTRO world. xASTRO staking helped launch ASTRO price toward the stars after Terra sees expansions.
UST is now the largest decentralized stablecoin by circulating supply and following the addition of BTC to the LFG treasury, Astroport is the main AMM currently in operation on the network.A second development helping to boost demand for ASTRO was the release of xASTRO staking that offers ASTRO holders a way to increase their stack.ASTRO stakers can currently earn an APY of 48.77% for staking their tokens on the protocol and 0.1% of all trading fees on Astroport are distributed to ASTRO stakers.
The increased attention on Terra and subsequently Astroport led to an increase in the total value locked on Astroport, which is currently at a record-high $1.71 billion according toThe increase in demand for both ASTRO and UST has given rise to the “Terra liquidity wars,” which are expected to mirror the Curve wars that have been taking place within the stablecoin ecosystem on the Ethereum network.
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