Michael Videtto, Timan Rebel, Shawn 'Peachy' Keehn (consultant)
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 consists of two developers and an advisor, with plans for expansion.
Team
Astrolescent was founded by Michael Videtto. He emphasizes the need for regulation 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 by offering multiple financial products and rewarding them with airdrops of the $ASTRL token.
Recent Developments
In June 2023, Astrolescent announced that it was discontinuing its plans for a fully collateralized stablecoin ($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 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 to stakers on several platforms, with more planned for the near future. The team is also looking to hire developers as they build on Radix and expand their offerings.