Dive into the world of smart contracts with Astar!
Jerad Banyan evokes the main directions of Astar Network project and its benefits for dApp developers!
You have about 70 projects on board on Astar! Please name some of the most famous ones or their directions!
ArthSwap - largest DEX on Astar by TVL and launched the first Wasm-native DEX
Astar Degens - largest community-led VC DAO in our ecosystem with a 250k USD worth treasury. They are leaning towards more investments inside and outside the ecosystem, and membership is through an Astar Degens NFT, of which there are currently 10k of and spread out among 2400+ holders.
AstridDAO - As one of the most overcollateralized stablecoins on Astar, and in the Polkadot ecosystem, they aim to be the leading stable on all chains. They have the ATID token as well for their DAO governance.
Algem - They’ve built on top of our dApp staking product in two ways. They brought native dApp staking to EVM. So, you can earn rewards and support our developers by using a familiar wallet like metamask. Plus, they developed liquid staking for ASTR. Get your daily rewards, and use your nASTR across DeFi on Astar.
What are your plans for the future to broaden this list of projects in 2023?
Ongoing and new dApp staking initiatives such as build2earn. Ongoing and future initiatives in collaboration with well-known Japanese companies.
Collaboration with other curators to begin the ink!ubator program designed to introduce developers to the Wasm environment, with Astar as the established leader. The ink!ubator program is part of a $1.6M proposal recently passed by the Polkadot treasury and is expected to be topped up later.
Are there any differences between Astar, Shiden and Shibuya?
Shibuya is a testnet with no economic value, and therefore may break and need resetting on occasion due to intentionally aggressive testing of new features.
Shiden is a network with real economic value. Still, it is a staging network (or canary network) used to test new features in a sandboxed environment before being deployed in full production. Shiden’s economic value provides just enough potential incentive for bad actors to participate and break things or discover economic vulnerabilities, but not enough to have disastrous economic consequences should anything ever go terribly wrong.
Astar Network is the full production environment, with economic value at stake.
What is the price for using the options of Astar Network? Can only ASTR tokens be used for this purpose?
ASTR tokens are required to pay for network resources and use decentralized applications on Astar Network. Other tokens can be used on the network, but not for this purpose.
Which incentives did you prepare for dApps developers to make smart contracts on Astar Network?
Astar has a unique and innovative incentive mechanism for developers called dApp Staking, which leverages ASTR token inflation to maintain the growth of ecosystem, while rewarding builders and participants at the same time.
We have a program called Astar SpaceLabs to support developers building on Astar Network. Our community leaders and members of the Astar team lead it.
How does the amount of staked ASTR tokens depend on the awards received by dApps developers? Is there any table indicating this ratio?
The ratio is pretty straightforward–15% of rewards go to our builders. Simply put, for every 100k ASTR staked on a dApp by the community, the dApp developers receive about 9 ASTR tokens every 24 hours. This table shows what that looks like as you scale staked amounts:
You can learn more about dApp staking rewards here: The Benefits of dApp Staking for Developers.
Can you please tell us more about on-chain governance? What are the conditions to be a part of the government?
On-chain governance is arguably the most critical update we will add to Astar. We are designing a form of governance that will be truly decentralized and value all token holders. Governance will first be introduced on Shiden to discover what works with our community. We are actively exploring DAO structures with events like our web3 Hackathon sponsored by Toyota.
Are there any plans to make Faucet not only for Shibuya but also for Astar and Shiden?
The faucet is available to anyone on Shibuya, but only open to new wallets with no ASTR or SDN balance on Astar and Shiden due to the potential for abuse. We have a faucet tutorial and an enthusiastic team to help you on our discord.
How is dApp Staking connected with Web3? How would this connection change the future of Astar Network and the whole crypto world?
DApp staking relies on Web3 technologies and is a way of incentivizing others to use Web3 technologies, as well. DApp staking provides a powerful mechanism. Coupled with the WebAssembly Virtual Machine native (Wasm) to our network, it empowers and attracts developers from the traditional big tech space to blockchain. DApp staking rewards developers who build on Astar, and Wasm lets them use the tools and languages they are already comfortable with.
What are the conditions of participation in your #Build2Earn program?
The project should be deployed in production and listed on Dapp Radar or DefiLlama, have a transparent and ongoing relationship with Astar dev team, and have a good reputation in the community. You prepare a proposal to be voted on and approved by the community prior to listing, which we are more than happy to assist with.
