Place/Date: - May 10th, 2022 at 9:00 am UTC · 3 min read
Source: Starlay Finance
DeCartel is a new type of alliance, which is formed by several promising DeFi dApps, led by Starlay Finance, No.1 TVL on Polkadot and ArthSwap, No.2 TVL on Astar Network.
Based on the concept that DeFi should be a more accessible service for more people, it was formed to simplify the complexity of DeFi structure and to enable users to safely receive a stable revenue.
They agreed to avoid sterile competition among dApps and to contribute to the growth of the Astar Network as a whole in the medium to long term.
Currently, the following dApps are members, with over $500M TVL.
In addition, there are several dApps currently in development that are expected to join in June.
For more information about DeCartel, NEO, Founder of Starlay Finance, has published the following article.
DeCartel has announced that it will take various measures to enable users to enjoy stable revenues. One of the strategies is “Mutual Airdrop”.
If users hold tokens for DeCartel members’ dApps such as $LAY or $ARSW, tokens for other DeCartel member dApps will be distributed irregularly . The amount of $KGL and $MUUU distributed to users will depend on the amount of $LAY and $ARSW they have.
This is not a one-time event, but rather events that will be offered irregularly over and over again.
Starlay Finance will hold its 2nd token sale from 11:00 UTC on May 13 to 11:00 UTC on May 15. It already has gathered attention after their 1st token sale, which sold out in just 5 minutes for $750K.
In contrast to the 1st token sale, this token sale has no cap on the amount sold, so there is no concern that it will end in the middle of the sale, and anyone can participate in the purchase of $LAY during the period of the sale. The sale is also a great deal, with discounts of up to 15% available if you meet multiple conditions, and the sales method itself is also collecting a bunch of attention.
Furthermore, purchasers of $LAY will receive tokens from dApps, which is a member of DeCartel. The scheduled listing date for each token has been announced as follows. If you participate in the 2nd token sale, you can get all of DeCartel members’ tokens as participation rewards. Since these tokens haven’t got listed on any public exchange, they don’t have actual(public) price, but they took this opportunity to open the listing schedule on ArthSwap, the biggest DEX on Astar Network.
To know more about Starlay Finance, click here.