Astroport, a next-gen AMM that will power the most valuable DeFi ecosystem on the planet. A team of world-class builders incubated by Delphi Digital and IDEO CoLab Ventures has worked in close collaboration with Terraform Labs to completely reimagine Terra’s leading automated market maker (AMM). The team has been working to create a product that will add significant utility to Terra users and protocols, including: Support for new curves which will improve capital efficiency for liquidity providers (LPs) and reduce trading slippage (e.g. a Curve-inspired stableswap invariant). A user interface and user experience that serves the needs of traders, LPs, and the community (including historical pool statistics). Terra’s first liquidity bootstrapping pool (LBP), which will allow projects to create liquidity for their tokens with very little seed capital and provide a fair launch where bots don’t have an edge. Backward compatibility with Terraswap message formats to enable simple integration with existing projects. Perhaps most importantly, a governance token (ASTRO) that will provide governable LP incentives and facilitate decentralization and community governance. ASTRO is critical to Astroport’s long-term survival. We liken Astroport to a thriving space station or port city among the stars of DeFi. Our marketplace isn’t a centralized, top-down, sterile, corporate product. It’s a public good. It’s a marketplace that’s open to all. ASTRO will coordinate the efforts of everyone in the ecosystem. Stay tuned as we’re currently developing plans for the token’s distribution with the goals of getting it into the hands of Terra’s current users, attracting new users and laying the foundation for a strong community.