What is Astrol?
Astrol is the first and largest lending protocol on Eclipse, a brand-new Layer 2 built on Ethereum that utilizes the Solana Virtual Machine (SVM) for ultra-fast and efficient execution.
With Astrol, users can lend their crypto to earn passive income, or borrow against their assets to increase their capital efficiency—all while benefiting from Eclipse’s high-performance ecosystem.
Astrol Airdrop Guide
Astrol has launched a points program, where users who provide LP earn points towards a future airdrop.
- To participate, simply sign up here: Astrol.io
- Provide either USDC, Ethereum or Solana to one of their pools.
- Let those points increase and get the airdrop soon!
Right now, Epoch 1 is live, and those who join it, will receive a 25% boost in their points.
You earn points specifically by:
- Lending: 1 point per $ per hour
- Borrow: 3 points per $ per hour
So if you simply need a place to place your USDC, ETH or SOL, put it there.
Official Links
- Website: Astrol.io
- Discord: discord.gg/EUYZkjmQbM
- X.com: x.com/AstrolFinance
Why is Astrol Special?
Astrol is critical to the Eclipse ecosystem.
It ensures liquidity flows into the platform, empowering users to:
- Lend assets and earn interest.
- Borrow assets with their crypto as collateral.
- Build confidence in the growing Eclipse ecosystem with low-risk financial tools.
Without liquidity providers like Astrol, ecosystems like Eclipse struggle to thrive. Astrol is solving this by driving both user activity and liquidity onto Eclipse.
How Does Astrol Work?
Astrol allows users to:
- Earn interest: Lend your crypto and earn competitive APY rates.
- Current APY Rates:
- Solana (Supply: 0.03%, Borrow: 1.67%)
- Ethereum (Supply: 0.53%, Borrow: 3.76%)
- USDC (Supply: 0.13%, Borrow: 2.32%)
- Current APY Rates:
- Borrow assets: Use your crypto as collateral to borrow other assets.
- Flexible, market-driven interest rates.
- Manage risk: The platform uses over-collateralization to secure loans, ensuring safety for all users.
What about rewards?
Astrol doesn’t currently have a native token, but does have a point program and high possibility of a future airdrop makes providing liquidity!
By being an early user, you might qualify for big potential rewards based on how much you provide and for how long.
Bridging onto Eclipse
To start using Astrol, you’ll need funds on the Eclipse L2. The easiest way to bridge your assets?
Follow the instructions at the bottom of my Eclipse article –> How to Bridge Funds to Eclipse.
USDC is the only stablecoin supported for now, so keep that in mind when bridging.
Why Astrol is a Game-Changer for Eclipse
Astrol’s innovative lending platform is more than just a financial tool—it’s a foundational piece of the Eclipse ecosystem. Here’s why:
- Liquidity Provider: Drives capital onto Eclipse, ensuring the ecosystem grows.
- Active Development: With a committed team, new features and optimizations are coming regularly.
- Low-Risk Utility: Enables users to increase their footprint on Eclipse without high-risk speculation.
Astrol isn’t just another lending protocol.
It’s a cornerstone for liquidity, stability, and growth in the Eclipse ecosystem.
Join in – Or you might regret it!
With Astrol being the first lending protocol on Eclipse, early users stand to benefit the most—not just through potential APY, but by establishing themselves in a rapidly growing ecosystem.
Start your journey on Astrol today.
Drive liquidity, earn rewards and explore the future of lending on Eclipse.