🪁 Keom is Live on Astar zkEVM: Welcome to the Interconnected Future on Polygon’s Revolutionary AggLayer
Massive congratulations to our partner Astar Network for being the FIRST chain to fully integrate with Polygon’s groundbreaking AggLayer. This pioneering move heralds a new era of unified liquidity, setting the stage for a more interconnected blockchain future. 💜
Keom Lending Kickstarts with Top Assets
Keom Lending has officially launched and listed the following assets, $ASTR, $ETH, $wBTC, $MATIC, $USDC, $USDT, and $DAI.
Ready to dive in?
Begin your journey and bridge your assets now at Astar’s Bridge Portal
Get a first-mover advantage and start lending and borrowing on Keom
The Dawn of a New Aggregation Era
Thanks to Polygon’s CDK and Gelato’s RaaS, Astar zkEVM will be the first Layer-2 protocol offering native interoperability with Polygon zkEVM and future chains on the AggLayer. This integration promises:
- Seamless cross-chain transactions
- A unified user base
- Consolidated liquidity pools
This landmark collaboration between Polygon, Astar, and Gelato marks the beginning of an aggregation era that merges the best aspects of both monolithic and modular blockchain frameworks.
Our enthusiasm for Astar is fueled by several key factors:
- Its status as the first zkEVM integrated with Polygon’s Agglayer.
- Investments from tech and financial giants like Sony, Samsung, and UOB.
- Strategic partnerships with major players including the Japanese Government, Deloitte, NTT Data, Toyota, Mazda, and Mitsubishi.
Astar Network is carving out a niche for itself as a vital hub for diverse projects spanning the business, entertainment, and gaming industries, in Japan, Korea, and beyond. Delve deeper into Astar’s journey and future in their latest blog post.
Keom Astar zkEVM is Powered by Pyth Network
Keom is proud to be powered by Pyth, utilizing over 450 live price feeds provided by Pyth on the Astar zkEVM, enhancing the precision and reliability of price feeds on Keom. Read more in Pyths latest blog.
Risk Mitigation Parameters
Keom’s Markets also emphasize risk mitigation through various strategies.
These strategies further include setting supply and borrowing caps to manage exposure limits effectively, utilizing on-chain forensics to monitor and analyze transactions for additional security, and implementing stringent checks and balances to maintain the integrity of the trading environment. These measures collectively work towards ensuring a stable and secure trading platform for all users.
Keom markets on Astar zkEVM will evolve beginning with the following parameters
- We have established initial LTVs and supply and borrow caps to ensure a balanced and sustainable lending environment from the outset.
- Max Liquidation Incentive: Set at 10%.
- Dynamic Liquidation Incentive: Once a user’s Loan-to-Value (LTV) ratio exceeds 90.9%, the liquidation incentive begins to decrease. This measure is designed to deter liquidations that could potentially lead to insolvency, ensuring a safer investment environment for all users.
Supply and Borrow Limits Set for Launch
Anticipate the Unprecedented
Get ready for something monumental on the horizon. Today marks a significant stride towards a unified blockchain ecosystem. Become a part of Keom’s community to stay updated on the latest in #zkDeFi and Polygon innovations.
Stay tuned for the exciting developments and reward campaigns from Keom and Astar!
About Astar Network
Astar Network serves as the gateway for projects spanning enterprises, entertainment, and gaming in Japan and beyond. Its mission is to drive global adoption and bring Web3 capabilities to billions of users. It leverages a cross-virtual machine powered by Polygon and Polkadot to offer customizable blockchain solutions that accelerate Web3 adoption.
With zk-powered Ethereum L2 Scaling (zkEVM), EVM, Wasm, and a cutting-edge ecosystem, Astar delivers robust, secure, and interoperable Web3 technology. Astar zkEVM is the new Layer-2 solution to scale a Web3 experience on Ethereum with zero knowledge (ZK) technology. Astar Network adds an EVM equivalent environment that is seamlessly compatible with existing smart contracts, developer tools, and wallets on Ethereum.
About Keom
Keom is a suite of zkDeFi products powered by Polygon 2.0. Committed to asset safety and user protection, Keom leads innovation in risk metrics and methodologies, backed by world-class legal expertise and R&D.
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Disclaimer
This blog is strictly for information and educational purposes. It does not constitute an endorsement of any of the third-party products and materials referenced herein.
Its content shall always be corroborated by your own research and advice sought from independent sources.
DeFi and the overall crypto space are still developing and there are risks involved in engaging with them.
This blog shall not be deemed to constitute financial, legal, tax or any other sort of advice.
This blog shall not be construed as a solicitation to buy or sell any assets or to make any financial decisions.
