Astra DEX & P2P Trading
Last updated
Last updated
A decentralized exchange (DEX) is a type of cryptocurrency exchange that operates without the need for a central authority. This means that users can trade cryptocurrencies directly with each other, without having to go through a third-party intermediary.
Astra, the Crypto Decentralized Exchange and Peer-to-Peer marketplace, offers a novel platform for users to engage in secure and efficient cryptocurrency trading. Its initial design will offer users unique shared liquidity opportunities, as well both a liquid DEX and a static P2P marketplace.
DEX & P2P Trading: Users can trade cryptocurrencies on Astra through two methods. By default, users have the option to trade cryptocurrencies directly from liquidity pools. Alternatively, users can opt for P2P trading within Astra. This method allows users to connect and trade directly with one another, offering more control over the terms of the trade.
Earn with Single and Double Sided Liquidity Pools: Astra offers single-sided liquidity pools, where users provide one currency to pools with finite space and receive rewards. For Astra users, instead of having to find a counterparty to match their contribution, users can simply provide one asset and the AirDAO treasury, a community-owned fund, will provide the counterparty asset for the other half of the liquidity pair. As a result, users can start earning rewards immediately without the hassle of searching for various currencies. Staking $AMB is required to use this feature. This ensures any user can participate, lowering the barrier to entry. Standard double-sided liquidity pools are also available.
AST is the native token of Astra, a decentralized exchange and P2P marketplace. Astra facilitates trading through DEX liquidity pools, offering both single-sided and double-sided liquidity options. The $AST token will serve a variety of uses on the platform.
Key Uses on Astra DEX:
Staking: Users can stake AST to participate in single-sided liquidity. Users are loaned tokens to use in liquidity pools on Astra, only having to provide one token in the pair. Earn rewards in various ecosystem tokens, including $AMB, $BOND, and $KOS.
Governance: $AST holders can participate in the governance of Astra’s treasury and operational decisions.
