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Starlay Finance LAY
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Tentang LAY
Starlay Finance is a decentralized finance (DeFi) ecosystem that consists of multiple protocols, including Starlay Finance, Kagla Finance, and Muuu Finance. These protocols are interconnected and share various aspects of the assets they issue. Starlay Finance introduced a "vote escrow" feature that allows users to lock their $LAY tokens to receive veLAY tokens, which provide voting power for determining the distribution of mining rewards. It is a platform that offers lending and borrowing services within the Polkadot ecosystem, making it one of the largest lending protocols in that network.
What makes Starlay Finance unique?
Starlay Finance is unique compared to other cryptocurrencies due to its innovative cross-chain lending platform. It has released three protocols, namely Starlay Finance, Kagla Finance, and Muuu Finance, which are all interconnected through the assets they issue. Additionally, Starlay Finance introduced a "vote escrow" feature that allows users to lock their $LAY tokens and receive veLAY tokens, granting them vested voting power to influence the distribution of mining rewards. Furthermore, Starlay Finance has joined the Aleph Zero Ecosystem Funding Program, aiming to expand its platform into a new ecosystem. These features and collaborations set Starlay Finance apart from other cryptocurrencies.