Astaria Investment Proposal

This is a proposal for The LAO to invest $100,000 into Astaria. Astaria is a new lending market that utilizes virtual assets as an intermediary to increase liquidity in the protocol. This allows Astaria to offer ~0% interest rates to borrowers, efficient liquidity for long tail assets, and deeper liquidity across various chains. The platform allows lenders’ deposits to act as both collateral and liquidity instead of sitting idle and ineffective. The company was founded by former CTO of Sushi, Joseph DeLong, and Head of Growth at Ondo, Justin Bram.

Astaria is raising $10 million on a $100 million valuation.They are making room for a $100k allocation from The LAO. Members have expressed interest in investing $100k into the project. For more information, please see the #astaria Discord channel and the included links below.