Astake.Finance - Launches DeFi's First Auto-Staking Fixed APY 614,917.56%

Overview

Decentralized finance, commonly known as DeFi, has been one of the most impactful and successful waves of blockchain-based innovation. Fueled by their inherent advantages of permissionless composability and open-source development culture, DeFi protocols are constantly advancing and iterating upon proven models of financial-based agreements. The DeFi ecosystem moves at a lightning pace — over the past few months, a rising movement of liquidity-focused DeFi projects has brought forth a new wave of DeFi innovation.

In short: DeFi is massive and expanding by the day. Its expansion over the last few years has seen the advent of new technologies and better ways of managing finances: new ways of financing projects, borrowing, lending, betting, investing; the possibilities are endless. The rapid growth of DeFi has, however, highlighted some innate problems in the industry. Investors across the globe are chasing low-risk-high-yield returns in a booming wave within the technology sector of Decentralized Finance (DeFi) and noting that cryptocurrency, in general, is opening up new possibilities across the whole financial industry.

By far DeFi is showing favor to becoming the easiest and agreed-upon way to make your money work for you in an environment where cryptocurrency holders can lock or stake their tokens and receive high-interest rates that most thoughts were unachievable.

The developers of Astake Finance have introduced the Astake Finance Autostaking Protocol, a DeFi 2.0 protocol that provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model through the use of its unique proprietary protocol.

What is Astake Finance?

The ASTAKE Auto-Staking Protocol (AAP for short) is a new financial protocol that makes staking easier, and more efficient and awards $ASTAKE token holders the highest stable returns in crypto. The mission and vision is to revolutionize the reward generation mechanism with the very first and unique protocol that has advanced profit-making. ASTAKE Finance is equipped with innovative technologies and features that other forks lack. Aim to provide auto staking and reward multiplication protocol in the crypto space. The ASTAKE's the future of the traditional staking system.

Astake Finance provides a decentralized financial asset that rewards users with a sustainable fixed compound interest model through the use of its unique proprietary Auto Componding protocol. Astake Finance delivers the industry’s highest fixed APY, paid every 10 minutes or 144 times each day, and a simple buy-hold-earn system that grows your $ASTAKE portfolio in your wallet at a lightning-fast pace.

Features of Astake Finance

Astake Autostaking Protocol (AAP)— Highest Fixed APY — Astake provides token holders simplicity, security, and a consistent fixed high yield return of 614,917.56% APY from their staking. It is used in the ASTAKE token.
Low Risk — Astake Insurance Fund (AIF) — 3% of all trading fees are stored in the Astake Insurance Fund helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.
Staking — Easy and Safe — The ASTAKE token always stays in your wallet it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is buy & hold as you automatically receive rewards in your own wallet so there are no more complicated staking processes at all.
Interest Yield — Automatic Payments — You need not be concerned about re-staking your tokens. Interest yield is paid automatically and compounded in your own wallet, guaranteeing you will never miss a payment.
Highest Fixed APY — Astake pays out at 614,917.56% in the first 12 months which rivals anything in the DeFi arena to date.
Rapid Interest Payments — The Astake Protocol pays every ASTAKE Token holder each and every 10 minutes or 144 times each day, making it the fastest auto-compounding protocol in crypto.
Auto Token Burn (Fire Pit) — One of the exciting features of the Astake Protocol is an automatic token burn system named “Fire Pit” which prevents circulating supply from getting out of hand and becoming unmanageable. The Fire Pit burns 1.0% out of all ASTAKE Token market sales are burned in the same individual transaction.
Astake Treasury - The Treasury is a very important role in Astake's AAP protocol. It provides three extremely critical functions for the growth and sustainability of ASTAKE. It helps to establish a floor value for the $ASTAKE token. The treasury may also be used to fund new ASTAKE products, services, and projects that will expand and provide more value to the ASTAKE community as well as providing funding for marketing.

How Does Auto-Staking Work?

The Astake Auto-Stake feature is a simple yet cutting-edge function called Buy-Hold-Earn, which provides the ultimate ease of use for $ASTAKE holders.
Buy-Hold-Earn — By simply buying and holding a $ASTAKE token in your wallet, you earn rebase rewards as interest payments directly into your wallet. Your tokens will increase every 10 minutes.
Using a Positive Rebase formula, Astake makes it possible for token distribution to be paid directly proportional to the epoch rebase rewards, worth 0.0166% every 10 minute epoch period of the total amount of $ASTAKE tokens held in your wallet. The rebase rewards are distributed on each EPOCH (10 minute rebase period) to all $ASTAKE holders.
This means that without moving their tokens from their wallet, ASTAKE holders receive an annual compound interest of 614,917.56% for Year 1.

How do they provide So high APY?

ASTAKE buys and sells fees are an important component of the Astake Protocol. They provide capital for performing critical functions to the protocol. The amount of the fees (8% for buys and 10% for sells) allows Astake to provide $ASTAKE holders with a stable high yield of 614,917.56% annually.

Buy Trading Fees:

LP: 3%
AIF: 3%
Treasury: 1%
Firepit: 1%

Sell Trading Fees:

LP: 3%
AIF: 3%
Treasury: 3%
Firepit: 1%

$ASTAKE Token

$ASTAKE is the native token for which interest rebase rewards are paid. Every token holder automatically receives 0.0166% interest every 10 minutes just for holding $ASTAKE tokens in their own wallet! $ASTAKE is a Bep20 token with an elastic supply that rewards its holders with a positive rebase formula, thus creating the Highest Paying Auto-Staking & Auto-Compounding Token.

Conclusion

Astake Finance is a Defi protocol that is set to outpace bitcoin by paying regular compound interest to all ASTAKE token holders of up to 614,917.56% each and every year with a 100% guarantee of execution. There aren’t many guarantees in this world especially when it comes to financing but with Astake it actually is.

What makes Astake different is its elegant design of architecture where all the interest cycles are predetermined and hardcoded into the programming of the Astake protocol itself. Basically put there are EPOCH cycles ready preset and because it’s written into the blockchain smart contract it is completely impossible for any cycle or interest payment to be amended or changed. Investors will receive up to 0.0166% every 10 minutes of interest paid each cycle compounded. Cycles guaranteed, automatic payouts, secure cryptography on the blockchain, and it’s completely decentralized to ensure safety and security.