⚡️⛽️There are a number of strategies that can be utilized in order to solve the scalability issues which will make the gas fees almost negligible

-Scheduling transaction times:
Ethereum gas prices are known to fluctuate within the day, there are certain times during the day when gas prices are likely to be considerably lower. One way of lowering gas fees would be to take stock of these times and target them when making transactions.

-Using stable off-chain payment networks:
Multiple off-chain payment channels are working to develop a payment solution that allows for instant transaction approvals in seconds by lowest fee through its share gas system. This is done by charging a nominal fee proportional to the payment amount.

-Relayer infrastructure:
Plena Finance will be using Biconomy’s relayers to provide its users with hassle free blockchain interaction and seamless user experience. A third party relayer removes the complexities by managing the transaction, paying the gas and, finally completing the transaction by sending it to a receiving address.

🦶Meta transactions take things a step forward by allowing different users to transact on the public blockchain with zero transaction fees and AGV is also moving towards this structure.

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📈The various fields where smart contracts finds its applications in DeFi:

—Digital Identity
With DeFi, smart contracts can help counterparties learn about the individual without knowing their true identity or verify transactions. This frictionless KYC can help improve interoperability, resilience, and compliance — all with the use of smart contracts.

—Loans and Mortgages
Smart contracts can help improve the financial services, including mortgages and loans and ensure that the whole process can be completed in a friction-less way.

For instance, to handle a mortgage a smart contract can be created to manage it by tracking the payments and releasing the property when the whole loan is paid off.

—Supply Chain Management
Smart contracts can be used to track items within the supply chain with full visibility and transparency. A business can use smart-contract-powered supply chains and improve its inventory tracking to a granular level and enhanced tracing results in fewer frauds and thefts.

—Trading Activities
In this case, the middleman or broker is removed, and his work is automated with the smart contract. This removes the additional cost related to them. There are many companies using smart contracts for this purpose.

📑“Smart contracts are essential for our economy as they can provide the necessary automation for decentralized platforms. Smart contracts provide a unique way of solving problems, including trading activities, clinical trials, insurance, loans and mortgages, and so on!”

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🔥AGV is pleased to review an overview of all the events and announcements

📅 AGV review (30th May - 5th June)

🔸What is augmented reality and its importance in Metaverse?
🔸How to mint and sell NFTs?
🔸Gas fees will become a thing of the past
🔸Smart Contract’s Use cases in DeFi

🚀Astra Guild Ventures (AGV) is a Decentralized Autonomous Organization (DAO) that invests in NFTs, P2E games, and other blockchain projects.

Stay tuned for an exciting week ahead!

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👩‍🌾What is DeFi Yield Farming?

—Yield farming involves staking or lending crypto assets to generate high returns or rewards in cryptocurrency. It incentivizes liquidity providers for staking or locking up their crypto assets in a smart-contract-based liquidity pool. The higher the number of funds added to the liquidity pool, higher the rewards.

—As an ingenious application of decentralized finance (DeFi), yield farming has acquired significant popularity globally. The yield farming market grew from $500 million to $10 billion in 2020, making it the biggest driver of growth of the still-nascent DeFi sector.

🤔The Need for DeFi Yield Farming ?

—DeFi yield farming unlocks earning opportunities for liquidity providers and platform owners alike. This has led to an increased demand for DeFi yield farming development.

—For any crypto trading platform, maintaining high liquidity is paramount. Liquidity refers to the ease with which an asset can be converted into cash or other coins without any latency. Exchange platforms with high liquidity are able to fulfil their users’ buy/sell orders quickly and easily.

—Yield farming helps ensure that exchanges have enough coins and tokens in the vaults of their protocols to be able to achieve high liquidity and satisfy the requirements of traders.

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🔒Crypto staking involves locking up one’s cryptocurrency holdings to earn interest or rewards. Technically, “staking” is how certain blockchain networks verify transactions.

⚡️Basically, staking allows participants to earn more crypto. Interest rates vary depending on the network, but participants can earn as much as 20% to 30% yearly. Many people stake crypto to earn passive income or invest their money.

💸Generally, you make more profit with staking as you continue to stake more. However, there are other things to consider when it comes to increasing your profits:

Coin value: Steer away from staking a coin with very high inflation rates. You may earn big rewards initially, but since the value of the coin is volatile, you may be left with little to no profit.

Fixed supply: Ensure that the token or coin has a fixed supply. Limited circulation of coins within the market ensures a healthy demand and constant price boost.

Actual applications: Cryptocurrency demand largely depends on a coin’s actual applications. If it is widely used for various applications in the real world, such as for digital payments, it will continue to have a healthy demand and price.

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🌎The metaverse is expected to have a strong connection with the real-world economy – and eventually become an extension of it. This relies on non-fungible tokens (NFTs) as the foundation for value creation.

🖼If NFTs become a commonly adopted tool for trading such goods, they could help accelerate the use of VR ecosystems as places people go, to combine elements of the digital economy with their offline lives.

🤔One way to think of this process is how the App Store encouraged businesses to digitize their operations, so that consumers could experience (and pay for) their products and services from any location.

💸According to the tech giant Facebook, which changed its name to Meta, plans to invest $10 billion this year to develop products that support augmented and virtual reality — a robotic hand, high-tech VR glasses and sophisticated software applications, to name just a few.

👁A successful vision of the metaverse sees transformations like these taking place at an accelerated pace and universal scale. In other words, the metaverse have the ability for companies and individuals to participate in financial activity in the same way they do today.

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🎮The gaming landscape is already home to tons of user-generated content, virtual goods and environments, and it offers an easy entry point for those who might otherwise be nervous about exploring the metaverse.

🧩People already familiar with Minecraft, for instance, are happy to try new virtual experiences within the games, like concerts and events, because they’re already familiar with the landscape.

🤓According to studies, participation in the metaverse is already growing at a phenomenal pace within the gaming landscape.

—65% of people have engaged in a media experience like watching an in-game TV show, movie, or premier on a gaming platform or participating in a live concert.

—69% of people have taken part in social activities, like socializing, meeting new people, or travelling to digital environments in a gaming environment.

—72% of people have taken part in metaverse economic activity, like purchasing in-game items, investing in in-game currency, shopping at virtual marketplaces, or trading with other players in the gaming landscape.

🔥AGV is working on the front for further expanding the virtual space by making the access to the play2earn games simpler, giving out community owned NFTs to the players who cant afford them and can start their gaming journey.

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🔥AGV is pleased to review an overview of all the events and announcements

📅 AGV review (6th June - 12th June)

🔸What is yield farming in DeFi?
🔸Things to consider when increasing your staking profit
🔸Linking the digital assets to the real world economic activities in the Metaverse
🔸The rise in the virtual space activities

🚀Astra Guild Ventures (AGV) is a Decentralized Autonomous Organization (DAO) that invests in NFTs, P2E games, and other blockchain projects.

Stay tuned for an exciting week ahead!

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🕹Video games are played by nearly 3 billion people across the world. This forms the base for a whole ecosystem built around gaming. Few of the best players also have earning streams solely dependent on gaming.

🤑The video game industry is worth around $336 billion. One of the key aspects of the industry which has grown into one of the largest media categories, is centralization. This gives the developers, publishers etc. the rights to all the transactions that happen with the games.

🧩There are many players who invest time, effort and money as well for the games. However, what they earn within the game does not translate into real money. Hence it is a non-return investment.

📈This historical model has been in existence since starting and continues to exist as the industry grows. However, things seem to change with the arrival of “Play2earn” games. These games allow the players to truly earn and own digital assets, which they can sell in the marketplace and make profit.

🚀The advent of DeFi and NFTs that are based on blockchain technology has enabled to decentralize the gaming industry which once was heavily centralized. And AGV DAO further makes it simpler for players to make a transit to the play2earn model.

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📈The top DeFi Protocols in Crypto Space:

Aave
Aave is one of the most popular and leading lending protocols in the DeFi landscape. It utilizes the native token AAVE for the security of the protocol alongside enabling users to participate in the governance of the protocol.

Compound
The protocol features a native token, known as COMP, which users can earn by lending or borrowing assets. COMP is also helpful for the governance of important protocol decisions with the flexibility of voting and delegation through the Compound Governance Dashboard.

Uniswap
Uniswap is presently the topmost decentralized exchange in the DeFi space. Users can earn the native token, UNI, by offering liquidity to particular pools. In September 2020, Uniswap offered 15% of its supply to previous users by introducing a program, “Universal Basic Income.”

Balancer
The Balancer DeFi protocol focuses on automated asset management and liquidity with the facility of governance through the native token. The native token, BAL, helps in the governance of crucial protocol aspects such as support assets and protocol fees.

🤑These protocols offer much stable returns on your investments and the APY’s offered are variable depending on the demand and supply of the assets you've invested in.

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🪙Cryptocurrencies were designed to operate in a decentralized manner. Your losses are your responsibility once you take your digital assets into custody.

💸Here we’ll explore some of the more common mistakes that cryptocurrency investors and traders make and how you can protect yourself from unnecessary losses.

—Losing your keys
Unlike a password or a PIN, you cannot reset or recover your keys if you lose them. This makes it extremely important to keep your keys safe and secure, as losing them would mean losing access to all digital assets stored in that wallet.

—Not keeping a hard copy of your seed phrase
Keeping a hard copy record, such as a printed document or a piece of paper with the seed phrase written on it, can help prevent needless losses from damaged hardware wallets, faulty digital storage systems, and more. Just like losing your private keys, traders have lost many coins to crashed computers and corrupted hard drives.

—Sending to the wrong address
Investors should take extreme care while sending digital assets to another person or wallet, as there is no way to retrieve them if they are sent to the wrong address. This mistake often happens when the sender isn’t paying attention while entering the wallet address.

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📈The bull market may be over, but that doesn’t mean traders have to stop investing. Here are a few ways to invest in crypto even during a bear market.

🔸Play2Earn Games
This has emerged as a new stream of income for the gaming enthusiasts through which they can make an earning while they are playing games. Axie infinity is one such game where you can win in-game assets that can be traded on the marketplace for real money.

🔸Stablecoin Farming
The cryptocurrency market is well known for its high volatility and high-risk trades, but earning a yield on stablecoins is a safer way to grow a portfolio without the downside risk of investing in Bitcoin and altcoins.

🔸No-loss token offerings
Contributors receive the native token of the newly launched protocol In exchange for locking their investment in the project’s smart contract. After the designated lock-up period is complete,they retain their original holdings while also adding new assets to their portfolio.

🔸Lending
Perhaps the simplest use case offered to cryptocurrency holders is also one of the oldest monetary applications in finance: lending.

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🎲Play2earn is part of the next step of gaming’s evolution. This new model is on decentralised space and empowers gamers to earn and own their in-game assets.

🧩Play2earn uses NFTs to expand the idea of gaming economies. They encourage users to play, create and sell in-game assets as NFTs on the marketplace and improve the gaming experience for gamers while providing new income streams for them.

💸Most of these play2earn platforms offer in-game crypto rewards that ensure that the players are financially rewarded. The entry for most of the games is simple. They can be accessed by either downloading the specific app or log into their gaming portals.

🪙Minimum tokens are required to start playing any of the games. In most of the games, the players are required to create a character, which can be upgraded using the earnings within the game and later can be sold as NFTs.

📈From the chance to generate new income sources, to the ease of transactions, the ability to play anywhere, and the AGV guild is making it even simpler by lending out expensive NFTs to the players who otherwise can’t afford them.

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🌉A Cross-chain Asset Bridge: enables the fast and cheap transfer of assets between otherwise incompatible blockchains and cryptocurrency networks.

🤔How Does it Work?
When a user needs to convert an asset such as an ERC20 A token on Ethernet into another asset such as BEP20 A token on the BSC chain via Bridge, the ERC20 A will be locked on the source chain and then notify the bridge to generate the BEP20 A on the BSC chain before sending it to the user.

While DeFi promises a world where people can transfer their money without the hassle and transaction fees of banks, anybody who has tried to convert ETH to BNB recently knows it’s not so simple.

🔗But with AGV’s platform users can move their assets from one chain to the another with just a few taps which occur in seconds, ensuring a fast experience.

🔥AGV is a gaming guild where users can start earning while playing with their play2earn model based games like Axie Infinity. AGV brings the investors and the gaming enthusiasts under a roof.

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🌉Cross-chain bridges create growth across chains that offer disparate asset interoperability, which is a high level of security and a better asset rendition. Without a bridge, investors have to go through different exchanges and incur larger fees instead.

✨Cross-chain bridges also address the following:

-Lower gas costs with increased transaction speeds;
-User assets can be freely interacted with for a high user experience;
-Improved productivity and usefulness of existing crypto assets;
-Higher security and better privacy

🔥The use of cross-chain bridges is appropriate in the following scenarios:

-Token transfers between Ethereum and a Layer 2 network, with assets interoperable across chains, such as faster and easier deposit of funds, withdrawal of assets and exit times to reduce operational complexity;
-High fees and use in times of Ethereum congestion;
-Thin assets supported by single chains and more assets supported by cross-chain bridges;
-Arbitrage trading across the DEX on Solana, Arbitrum and Polygon, etc

🚀With AGV platform user’s will find a simpler way to bridge assets from one chain to another at ease without performing multiple transactions.

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🎲In-game transactions refers to the various transactions that the player does while performing actions in the virtual world, which would help the player to enhance the character or earn money.

🤑These transactions are the main aspects of the Play2earn games, where the players can earn rewards and use them to strengthen their position within the game. This can be done by using the winnings to enhance the character, buy new characters, buy resources or enter higher levels of the game.

📈Many of the games also allow the players to sell their resources and characters

🔥Native tokens have a wider acceptability within the game and across the marketplaces. Since the tokens are NFTs, each one of them has an unique identification and cannot be copied.

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🏛The adoption of DAOs in banking & financial institutions will profoundly impact the way these org are managed

👉There are still many unexplored areas in banking where a DAO-based model might be useful:

Loans and Credit
Using decentralized technology in banking can eliminate the need for gatekeepers in the lending industry

Trade Finance
DAOs could also streamline trade finance by digitizing paper-based processes and automating manual tasks

Securities
Through tokenization of traditional securities such as bonds, stocks, & other assets and placing them on blockchains, banks can facilitate the creation of capital markets that are interoperable, efficient & accessible to the greater public

🌉Applying DAO governance models in banks may just be what the industry needs to bridge the gap between fintech & established financial institutions

🗣Spread the word: https://twitter.com/AstraGuild/status/1539936836721983488

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🪙Crypto staking involves locking up one’s cryptocurrency holdings to earn interest or rewards. Technically, “staking” is how certain blockchain networks verify transactions.

🚀Basically, staking allows participants to earn more crypto. Interest rates vary depending on the network, but participants can earn as much as 20% to 30% yearly. Many people stake crypto to earn passive income or invest their money.

🤔Things to consider when increasing your staking profit

Generally, you make more profit with staking as you continue to stake more. However, there are other things to consider when it comes to increasing your profits:

—Coin value: Steer away from staking a coin with very high inflation rates. You may earn big rewards initially, but since the value of the coin is volatile, you may be left with little to no profit.

—Fixed supply: Ensure that the token or coin has a fixed supply. Limited circulation of coins within the market ensures a healthy demand and constant price boost.

—Actual applications: Cryptocurrency demand largely depends on a coin’s actual applications. If it is widely used for various applications in the real world, such as for digital payments, it will continue to have a healthy demand and price.

🗣Spread the word: https://twitter.com/AstraGuild/status/1540327763202084866

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📅 AGV Weekly review (20th June - 26th June)

🔸What is a cross-chain bridge & how does it work ?
🔸 What problems do Cross-chain bridge address ?
🔸What are in-game transactions in #NFTGaming
🔸The impact of #DAOs in banking & Financial institutions
🔸How to increase your #staking rewards ?

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