Retrograde Airdrop is a protocol built on top of Astroport, allowing ASTRO stakers and Astroport liquidity providers to get the most out of the Astroport platform, with the least cost and effort. Retrograde is airdropping a total of 10,000,000 RETRO to carious users. Non-lockdrop ASTRO-UST liquidity providers and users who held ASTRO by March 30th, 2022, Astroport Bootstrap Auction participants and Astroport Lockdrop participants are eligible for the airdrop.
Boost your LP rewards without needing to lock up any ASTRO
Vote on Astroport governance and emissions with RETRO
If you are an ASTRO staker who wants to earn fees on Astroport, you can bring your ASTRO to Retrograde to earn all of the trading fees normally directed to xASTRO and vxASTRO, as well as a share of boosted ASTRO received by liquidity providers.If you are a liquidity provider on Astroport, you can bring your Astroport LP tokens to receive boosted ASTRO rewards on your liquidity positions, without locking up ASTRO into vxASTRO yourself. ASTRO stakers and liquidity providers also receive protocol emission rewards in the form of RETRO.
In addition to yield boosting, the RETRO token offers governance control over the ASTRO tokens in the Retrograde protocol treasury. The RETRO token can be used to vote on Astroport’s native emissions and governance protocols.
Retrograde for ASTRO Stakers
Retrograde offers boosted yields for ASTRO stakers, without requiring stakers to lock up the staking asset.On Astroport, trading fees are distributed:
50% to users who stake their ASTRO for xASTRO, and
50% to users who lock their xASTRO for vxASTRO, requiring them to stay locked for up to 2 years
Retrograde for Liquidity Providers
Retrograde offers Astroport liquidity providers boosted ASTRO yield without requiring them to lock up any ASTRO themselves.On Astroport, liquidity providers earn ASTRO rewards via Astroport emissions, as a reward for providing liquidity. Via the Generator Boosties mechanism, Astroport liquidity providers who are also vxASTRO holders are additionally able to boost their share of ASTRO emissions from 1x to 2.5x.
However, this requires liquidity providers to purchase and lock ASTRO tokens, adding considerable principal overhead and risk to their position. On Retrograde, liquidity providers can enjoy the max boost on their ASTRO rewards without locking up any ASTRO themselves, by leveraging the Retrograde treasury.
The main entry point for most users into the Retrograde community is via the Convert mechanism.The Convert mechanism allows users to convert their xASTRO tokens into Retrograde’s derivative token, rexASTRO. The original xASTRO becomes part of the Retrograde treasury, and is locked into Astroport for vxASTRO for the max duration, granting the Retrograde treasury the max vxASTRO balance for those tokens. Each rexASTRO token in circulation therefore corresponds to a max-locked xASTRO token in Retrograde’s treasury.In exchange for doing this, the rexASTRO token is returned to the user at a 1:1 rate, and can be staked to earn the original xASTRO and vxASTRO fee rewards, as well as additional yield and rewards from the Retrograde protocol.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.