Astar Fi: Simplifying Onchain Finance with Save, Earn and Invest

Stepping into Web3 seamlessly Web2 style on Astar Fi!

Launched recently in September, Astar Fi is a Web3 platform serving as a user’s on-chain personal finance hub providing avenues for them to Save, Earn and Invest.

Before looking into these main services provided by Astar Fi — its convenient login process needs to be highlighted because it’s very simple which is unlike the usual more complicated process involved for a user to logic into any Web3 platform.

In Astar Fi, users can login using their X or gmail account.

Login into AstarFi using X Login details

Post login, to use Astar Fi services users connect their web3 account with Astar Fi, by linking their wallet with Astar Fi.

 Connect web3 wallet to Astar Fi for Web3 connection

Users who are new to Web3, may find this process less cumbersome, as they are not used to the friction of signing to a dapp using a wallet, as in Web2 applications users sign using their email id, or google account.

Comprehensive on-chain visibility into users web3 account on Astar Fi Save

Now we can explore Astar Fi’s main use cases -:

Before planning to invest anywhere, a smart investor should be able to evaluate their financial portfolio from their holdings and performance to enable them to take investment decisions.

Astar Fi Save interface provides users in-depth visibility into their Web3 wallet account showing them their -:

Net Worth — the complete value of their holdings across Networks

Portfolio Allocation — breakdown of their Web3 investment holdings spread across Protocols in various Networks

PnL Changes — Profit and Loss Trend of Investment Portfolio

Money Flow — Tracks flow of money in and out of account

With Astar Fi Save users can keep track of their investments spread across platforms in various Networks, track performance of their asset holdings, monitor the changes in their Net worth and keep track of all transactions.

Astar Fi Save provides in-depth visibility into a user’s Web3 account

This is a value addition as generally users in Web3 have to make special efforts to track all their Portfolio holdings across Networks, Protocols. It is never easy to decode transactions received and made reading transaction records in Blockchain as the process is a bit technical for a user.

Verifying transaction records from Blockchain explorer is complicated, not straightforward

Verifying transaction records from Blockchain explorer is complicated not straightforward

A user has to make an effort to query Blockchain explorer using their transaction hash, and even then it’s not easy to decode the transaction — on for what reason they received a transaction payment and for what reason they made a transaction payment.

As Explorer transactions are filled with smart contract transaction details that takes effort to decipher.

In Astar Fi these details will be visible to user without the user needing to conduct transaction research analysing their transaction records from Blockchain Explorer.

Users that regularly make and receive payments using their Web3 wallet will find Astar Fi Save useful as they would able to see records of all their payment transaction such as their salary payments.

Note — Astar Fi is a multichain non-custodial Web3 personal finance platform that’s initially launched in Ethereum and Base. Other Networks would get added to Astar Fi in future.

Various Curated vaults to deposit and earn yields — Asfar Fi Earn.

After evaluating their on-chain portfolio in Astar FI Save, a user may search for avenues to earn from their passive holdings of BTC, ETH and stablecoins etc.

Astar FI Earn makes that process easier for users, as this interface gives users access to variety of curated vaults of leading Web3 Defi platforms Aave, Morpho and Midas.

Curated lending Vaults to deposit and earn yields — AstarFi Earn

Astar Fi Earn aids users to evaluate listed vaults as an option to earn yields supplying details that enable users to understand important aspects of the vault such as -:

The curator of the vault.

The yield and risk management strategy of the vault is managed by institutions such as Hyperithm, Gauntlet, Steakhouse, Wintermute and Galaxy.

The main way these vaults of Web3 lending platforms earn yields is through lending.

Curators set the vault strategy including its risk management aspects such as type of collateral accepted for loan.

Here the volatility quotient of collateral asset sets the risk — a crypto asset vs stablecoin.

There are other parameters that can be set to manage collateral risk with Loan to Value (LTV) ratio and Liquidity threshold. All this determines — the percentage a borrower is allowed to borrow against the collateral amount (70% of collateral value for instance) and the rules of liquidation of collateral when it declines to a set percentage of loan value.

Since, a vault curator’s strategy determines the risk management and yield dynamics of the vault, it is helpful for users to learn about the curator of the vault, based on which they can trust a vault strategy.

Users can choose a vault evaluating risk, yield and other parameters at Astar Fi

Vault Risk Tier

Yield vaults are classified into risk tiers — Aggressive, Balanced, Prime denoting the risk quotient of the strategy employed by the vault to generate yields.

The risk assessment is made by Astar FI considering various factors — collateral, liquidity, vault strategy and other operational data.

Users can filter out vaults based on their risk appetite

Vault rating

All vaults are rated by Astar FI based on the Protocol’s assessment of the vault considering factors — risk, yields, liquidity and other operational data.

Users can study each vault more deeply studying provided details including that of the vault smart contract.

Astar FI Earn equips users to make more informed decisions about asset understanding necessary details of –

•  Curator who manages vault strategy
• Deposit loss risk

In Web3 deposit loss risks exist due to possibility of smart contract exploits, failure in the process of recovering amount through liquidation mechanism, malfunction of price oracle or withdrawal hurdles due to illiquid conditions.

While yield performance and deposit capital recovery risk is dependent on decisions made by curator related to deposit allocation, collateral rules etc

User is directed to deposit in a listed vault in Astar FI Earn, practically taking all these into consideration.

Defi investments beyond crypto with Astar FI listing RWA stock and gold products

Users can invest from Astar FI’s investment module across diverse categories of financial assets — crypto, tokenised stocks, Alt coins and tokenised gold.

Astar Fi Invest brings diverse asset classes to invest on — crypto, tokenized stocks, tokenized gold

The platform provides useful trading and valuation signal metrics — 14 day RSI, P/E , P/B for each listed asset. So, users can evaluate the asset’s value, momentum and base their trading decisions.

With Astar Fi, listing tokenised stocks and crypto — the fear and greed index shows rating prevalent for both Stock and Crypto Markets.

The interface helps users know their investment value, buying power and their Portfolio diversification quotient. It shows the Portfolio of investors as well.

A well-known investment principle is to hold a diversified portfolio, and not be heavily invested in only one asset class — be it only crypto, or stocks.

Astar Fi Invest allows users to invest in RWA Gold and stock assets apart from just crypto.

Such a balanced Portfolio would comprise of mix of investments across different asset classes — crypto stocks, cash and Gold.

Apart from crypto, Astar FI lists stocks and gold assets as RWA assets in their Web3 form of tokenised Gold and tokenised stocks.

In Astar Fi, user can hold a balanced portfolio with investments spread across — crypto tokenised stocks, tokenised Gold and stablecoins.

Conclusion: Astar Fi — A Web3 Platform to Monitor, Earn and Invest

On-chain Personal Finance Hub — to monitor Web3 account, earn yields and invest in assets

Astar Fi is a product incubated by Astar and developed under the direction of the Astar Collective, with the Astar Foundation leading the Astar Stack’s product execution.

Astar Fi is not an isolated DeFi platform. It is an onchain personal finance hub that provides users with insights into their asset holdings and investment positions, helping them evaluate their portfolios and make informed financial decisions through its Earn and Invest interfaces.

Astar Fi’s strength lies in bringing Save, Earn and Invest together on one platform. With Save, users can monitor their Web3 finances, track their asset holdings and transactions, and review their investment positions. From there, they can explore opportunities to earn yields through curated vaults and invest across different asset categories.

Astar Fi also provides information about the financial products listed on its platform, helping users understand the available opportunities and assess their associated risks before making decisions.

Explore Astar Fi: https://astarfi.com/

Explore Astar Fi: https://astarfi.com/

Image Credits -:

Images generated by ChatGPT

Screenshots taken from Astar Fi platform

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