--- title: "Astrolescent" path: "/ecosystem/astrolescent" bannerImage: "https://j9ytchrzkvqpcul7.public.blob.vercel-storage.com/0fee1f5b-10ee-4417-8da9-608aacfe5e97.avif" version: "3.1.0" author: "ShardSpace Admin" createdAt: "2026-02-06T16:07:52.789Z" updatedAt: "2026-03-28T15:45:49.758Z" --- # Astrolescent **Astrolescent** is a project on the Radix Network that focuses on optimizing trades by aggregating liquidity from top decentralized exchanges (DEXes). The primary product is a decentralized exchange aggregator, which routes trades for minimal price impact. The [Astrolescent team](https://docs.astrolescent.com/astrolescent-docs/readme/team) consists of two developers and an advisor, with plans for expansion. ## Team Astrolescent was founded by Michael Videtto. He [emphasizes the need for regulation](https://www.radixdlt.com/podcast/astrolescent-the-first-fully-collateralised-stablecoin-launching-on-radix) in the crypto industry to prevent scams and build trust, and to make the industry more secure for everyone. The project [aims to bring the Radix community together](https://www.radixdlt.com/podcast/astrolescent-the-first-fully-collateralised-stablecoin-launching-on-radix) by offering multiple financial products and rewarding them with airdrops of the $ASTRL token. [Towards the Storm, Episode 8: Astrolescent featuring Michael Videtto.](https://youtu.be/MXdM71df_Fo?si=aHrixSOwleZ3T6P4) Towards the Storm, Episode 8: Astrolescent featuring Michael Videtto. ## **Recent Developments** In June 2023, Astrolescent [announced](https://medium.com/@astrolescent/astrolescent-back-to-our-core-d3dada04ab92) that it was discontinuing its plans for a fully collateralized stablecoin ($USDA) due to the insolvency of their banking partner, Prime Trust. Subsequently, the team decided to focus solely on its decentralized exchange aggregator. As part of this shift, Astrolescent [plans to move](https://medium.com/@astrolescent/astrolescent-back-to-our-core-d3dada04ab92) all of its operations from the US to the Netherlands, transition its activities to a newly formed DAO with a governance portal for community voting, and set up revenue sharing of the aggregator fees to the holders of the $ASTRL token. The DAO will offer the community the ability to vote on the future evolution of Astrolescent, including treasury spending decisions. ## **Future Plans and Community Engagement** Astrolescent continues its commitment to the Radix community with planned airdrops and development expansions. It has [completed its first airdrop](https://medium.com/@astrolescent/development-updates-and-airdrops-c3ad733a07a6) to stakers on several platforms, with more planned for the near future. The team is also [looking to hire developers](https://medium.com/@astrolescent/development-updates-and-airdrops-c3ad733a07a6) as they build on Radix and expand their offerings.