Bringing Trust to DeFi Projects

The enormous growth of the DeFi market since the start of 2020 demonstrates just how exciting the crypto world is. As more and more people delve into digital assets, investors recognise that there is a lot of money to be made. The crypto market is now valued at about $1.6 trillion. Unfortunately, this staggering valuation attracts not only honest investors but also fraudsters, scam artists and criminals on the black market. As there is very little regulation or protection offered to DeFi investors, crypto-assets can be extremely high-risk. ASTRA is the solution. By providing that layer of trust and security to crypto-assets and DeFi transactions — ASTRA ensures your assets, money and possessions are always protected.

Here are just a few examples of where ASTRA can be used.

Borrowing and lending

 

 

 

 

 


 

 

Borrowing and Lending Platforms

Borrowing and lending platforms, such as AAVE, have been the most popular DeFi use cases to date, with higher yields to be made compared with traditional borrowing. As always, these new products and services are not without risk. Many of the smart contracts that govern the loans rely on price oracles to insert the value of the assets at any given time. There is no guarantee that these are accurate, which means users could lose millions. ASTRA ensures that any disagreements can be resolved and that the borrower and lender are never out of pocket.

NFTs

Non-Fungible Tokens

The NFT market is rapidly growing and is currently worth billions of dollars. However, people are vulnerable to criminals and scammers who can still mint an NFT from a file that isn’t theirs and sell it to individuals who are none the wiser. The industry is on the verge of allowing real-world assets to be securely connected to the blockchain, but there is still substantial risk without legal accountability. ASTRA uniquely provides the decentralised legal layer that protects all participants in the sale of both digital or physical products. We ensure that off-chain assets, such as yachts, land, property, or any other high-value item, can be safely and securely connected to their virtual counterparts, enabling further market growth.

“ASTRA IS THE SOLUTION. BY PROVIDING THAT LAYER OF TRUST AND SECURITY TO CRYPTO-ASSETS AND DEFI TRANSACTIONS — ASTRA ENSURES YOUR ASSETS, MONEY AND POSSESSIONS ARE ALWAYS PROTECTED.”

Derivatives

Derivates

Traditionally, a derivative represents a contract where the value comes from an agreement that depends on how an asset (such as commodities, stocks or bonds) performs. DeFi and smart contracts allow investors to benefit from open, transparent and automated settlements for derivative contracts. However, disputes over derivates contracts are relatively common and could quickly arise because of a disagreement over how a particular calculation was performed. ASTRA provides a unique platform to resolve any issue or dispute on a derivative smart contract speedily and cost-effectively, bringing peace of mind to all.