Today, Moonstake is pleased to announce our partnership with Astarter, a DeFi infrastructure hub on Cardano to facilitate the development of a decentralized financial (DeFi) services infrastructure on Cardano. Astarter is a joint venture backed by EMURGO, the official commercial arm of the Cardano blockchain protocol, which recently acquired the Infinity Blockchain Group, the group leading the development of Moonstake. Moonstake and Astarter are currently working to enable Moonstake users to Astarter service to be accessed first through a seamless native connectivity feature once the service goes live.

Moonstake launched its pledge business in 2020 with the aim of creating the largest pledge network in Asia. Since then, it has developed the most user-friendly web wallet and mobile wallet (iOS / Android) supporting over 2,000 cryptocurrencies. Currently, Moonstake supports 14 high-demand pledged coins: Cosmos, IRIS, Ontology, Harmony, Tezos, Cardano, Qtum, Polkadot, Quras, Centrality, Orbs, IOST, TRON and Shiden, as well as ERC-721 and Cardano NFT. Upon full launch in August 2020, Moonstake's total pledge assets grew rapidly to $1.8 billion and by June 2021, Moonstake ranked third out of 15,000 pledge providers worldwide. In March 2021, the company entered DeFi with DeFi platform Muse.Finance and will continue to expand into the DeFi business.

Meanwhile, Astarter is a key DeFi infrastructure hub on Cardano with four core applications: Launchpad, DEX, Money Marketplace and Technology Services Platform. The project is an EMURGO-backed joint venture that combines the technical expertise and deep understanding of Cardano's founding entities of its network with the experience of its external partners in developing DeFi's technical infrastructure. Astarter aims to provide fair, secure and accessible open financial services on Cardano, developing decentralized financial applications for the Cardano ecosystem. Astarter will begin development of Launchpad, an initial decentralized exchange product (IDO), which will be released by the end of this year, followed by the launch of a decentralized exchange (DEX) on Cardano. Upon completion, Astarter will also plan to integrate lending (decentralized money market) functionality on Cardano. These services are designed to bring more utility to Cardano ADA users and open up financial services to more people in underserved areas.

Moonstake has been discussing functional connectivity with Astarter from the beginning and is working to give Moonstake users priority access to Astarter's service once it is launched. To that end, we will be developing web-based connectivity as a connection method, which will allow us to provide a seamless connection experience. More features will be added as they become available.

Mitsuru Tezuka, founder of Moonstake, said, "As a long-time pledge provider to ADA and strategic partner to EMURGO since August 2020, Moonstake is excited to work with their new Astarter project. We are excited to leverage our strong technical expertise in proof-of-stake and cross-blockchain interoperability with Astarter to help facilitate the development of DeFi applications and services on Cardano."

Moonstake is proud to be part of a partnership with the EMURGO-backed Astarter project to help accelerate the DeFi app to further enhance the Cardano ecosystem and continue to bring great value to the global cryptocurrency user community.

About Moonstake

Moonstake was recently founded to develop a pledged mining pooling protocol to meet the growing needs of the regional and global blockchain market. Moonstake has developed a pledge mining pooling protocol and offers commercial services through partners and companies.

Moonstake aims to become the largest network of pledged mining pools in Asia by providing an active environment for cryptocurrency asset holders. The clear partnership roadmap with Moonstake is another important milestone in continuing to strengthen ties with leading platforms in Asia's emerging distributed ledger technology (DLT) ecosystem. Partnerships have been announced with Emurgo, Ontology and NEO, Binarystar, the largest blockchain hub in Japan, and OIO Holdings Limited (SGX: OIO), a Singapore-listed company, to increase adoption of Staking. Leading industry advisors such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake's innovation journey.

With full operations in August 2020, we expanded our operations and to date, our total pledged assets exceed $1 billion. https://www.moonstake.io/

About Astarter

Astarter is a key DeFi infrastructure hub on Cardano with four core applications: Launchpad, DEX, Money Market and Technology Services Platform. The project was created by EMURGO to provide fair, secure and accessible open financial services on Cardano, developing decentralized financial applications for the Cardano ecosystem. https://astarter.io/