Summary
Astroport has migrated its governance and staking operations to the Neutron blockchain, offering new features and opportunities within the Cosmos ecosystem. New Neutron-based versions of ASTRO and xASTRO tokens are live, with users needing to convert their tokens to the new versions for continued participation. The migration aims to introduce new features like locking xASTRO to receive vxASTRO for voting and earning protocol fees. The move began in May 2023 and includes donations between the two communities. Despite the migration, ASTRO and NTRN tokens have seen modest price performances.
Key Points
1. Astroport has successfully migrated its governance and staking operations to the Neutron (NTRN) blockchain, offering new features and potentially enhanced opportunities within the Cosmos ecosystem.
2. The platform has issued new Neutron-based versions of its governance token, ASTRO, and its staked counterpart, xASTRO, requiring holders of the previous tokens to convert them to the new versions to continue participating in governance and staking rewards.
3. Astroport’s migration to Neutron aims to introduce new features, such as the ability for users to lock xASTRO to receive vxASTRO, granting voting powers and the opportunity to earn protocol fees through a system inspired by Curve’s veCRV.