Astra DAO and Token Metrics: A Powerful Partnership for Crypto Index Investing

Astra DAO, the innovative platform for creating and investing in custom cryptocurrency indices, is proud to announce a strategic partnership with Token Metrics, a leading crypto research firm powered by AI and machine learning. This collaboration empowers Astra DAO users with unparalleled insights and automation, making index creation and crypto investing more accessible and data-driven.

Building Smarter Crypto Indexes

Astra DAO's core strength lies in its user-friendly interface that allows anyone to build and buy crypto indexes. By depositing funds, users receive "iTokens" representing their share in the chosen index. These iTokens can then be staked to earn additional yield in the form of $ASTRADAO, Astra DAO's native governance token.

Token Metrics comes into play by providing Astra DAO with access to their industry-leading AI and Machine Learning models. This integration allows Astra DAO users to leverage Token Metrics' insights on over 6,000 crypto projects to create data-driven, automated indices.

Currently, the Token Metrics Data API is integrated in three indices on Astra DAO: WBTC, WETH, and ARB. These indices are designed to track the price of the underlying assets in real time and make trades using the API. If the signal turns bullish, it buys the underlying asset; if it turns bearish, it sells. The index rebalances instantly when it receives a signal due to the unique automated integration between Astra DAO smart contracts and the Token Metrics Data API. As the partnership expands, Astra DAO users can expect more crypto asset indices to be launched, all powered by Token Metrics' data insights.

A Win For Everyone

This partnership brings significant value to both platforms' users:

  • Astra DAO users: Gain access to expert-backed insights and automated index creation powered by Token Metrics' AI.

  • Token Metrics users: Benefit from Astra DAO's user-friendly platform to invest in curated crypto baskets and earn additional yield through staking.

Looking Ahead: A Powerful Ecosystem

With the Astra DAO Launchpad update on the horizon, the partnership promises an even more robust ecosystem for crypto investors. Users will be able to participate in curated token launches alongside their personalized index investing strategies.

This collaboration between Astra DAO and Token Metrics marks a significant step forward for the crypto investment landscape. By combining user-centric index creation with data-driven insights, both platforms empower users to navigate the ever-evolving crypto market with greater confidence and control.

Follow Astra DAO's social channels to learn more:  TwitterTelegram, Discord,TiktokMirrorYouTubeAstra DAO Documentation

Subscribe to Astra DAO
Receive the latest updates directly to your inbox.
Mint this entry as an NFT to add it to your collection.
Verification
This entry has been permanently stored onchain and signed by its creator.