Astroport launches its highly anticipated beta on the Injective testnet today, bringing an advanced AMM to the Injective universe.
Originally released on Terra, Astroport was one of the largest DeFi applications on the protocol, regularly facilitating hundreds of millions of dollars in trading volume shortly after its launch.
Astroport is a sophisticated AMM protocol that allows any user to swap crypto assets using multiple pool types, including Curve-style stableswap pools and Uniswap v2-style constant product pools. Astroport users will also be able to take advantage of Injective’s interoperable network, swapping assets bridged from not only Cosmos or Ethereum, but also from Solana, Aptos, and Avalanche through Injective’s recent Wormhole integration.
This new addition is a major boon for the Injective ecosystem, bringing a new avenue for users to earn and swap tokens within the Injective ecosystem.
What Is Astroport?
Astroport is an automated market maker (AMM) that aims to make it easy for users to swap crypto assets. Unlike traditional exchanges, Astroport’s AMM exchange automatically matches buyers and sellers through algorithms and smart contracts, allowing for instant trades to occur at a predetermined price.
As Astroport is built on Injective, users will be able to take advantage of Injective’s interoperable network, swapping assets from not only Cosmos or Ethereum, but also from chains such as Solana through Injective’s recent Wormhole integration. Users can bridge assets to Injective via the Injective Bridge. Then, they can create liquidity pools on Astroport to begin earning as LPs and start trading new markets.Current design of LP Pools on the Astroport V2 Testnet
Injective’s on-chain orderbook will also be utilized by Astroport in order to bring further capital efficiency into the exchange dApp ecosystem on Injective. Upon mainnet launch, Astroport’s governing body, the Astral Assembly, can also propose connecting the Injective deployment to Astroport’s Terra 2 instance for cross-chain governance and ongoing fee sharing, which can generate more protocol fees to Injective as a whole.
Why is this Deployment a Major Deal?
Astroport has selected Injective to be its first deployment outpost, bringing one of the largest AMMs in history to the Injective ecosystem. Astroport contributors spent a great deal of time analyzing a number of major L1 networks before determining Injective to be the first host chain for its V2 iteration.
Injective helped to pioneer the first fully on-chain orderbook module that is uniquely MEV resistant. Now the Astroport AMM can work in tandem with Injective’s on-chain orderbook module, which can create a far more capital efficient environment for traders everywhere. In turn, Astroport can become the primary trading venue for the masses, which would not be possible without Injective’s next-generation infrastructure stack that is optimized specifically for financial applications.
What Assets Will Be Available on Astroport?
Astropot will kick off the testnet launch with the following assets:
- Injective (INJ)
- ApeCoin (APE)
- Astroport (ASTRO)
- USD Coin (USDC)
Moving forward, Astroport plans to release new trading pairs every week during the testnet period, bringing never before seen assets to the Injective universe.
What Is Astroport’s Current Roadmap?The Astroport Deployment Schedule
Astroport’s testnet deployment on Injective marks the first of three phases. The overall launch timeline will consist of three discrete phases which include:
- Testnet and early-access testing
- Community-wide testing
- Mainnet deployment
How Do I Get Access To The Astroport Testnet?
Since this is Phase One of the launch, access will be limited to selected individuals in the Injective and Astroport communities. For the Injective community, access will be granted to Ninja Pass holders who applied to be beta testers last week.
Testnet participants will be able to utilize Astroport before any others in the community, and will also be eligible for surprise benefits.
Moving forward, access may gradually be increased to enable more community-wide testing so stay tuned for the latest updates by joining the Injective Discord server!
Injective is a lightning fast interoperable layer one blockchain that brings Cosmos and ethereum interoperability to the premier finance applications. Injective provides developers with powerful modules for building exchange, DeFi, derivatives & Web3 apps. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.