ASTAKE Launches DeFi’s First Auto-Staking Fixed APY 614,917.56%

2 min readMar 29, 2022

Today marks the beginning of a revolutionary new wave of DeFi with the creation of Astake Finance.

ASTAKE is a DeFi development company that creates next-generation products and services. Their ASTAKE Autostaking Protocol (AAP) is the foundation for a series of DeFi 2.0 projects starting with the $ASTAKE token that is automatic staking and compounding in your wallet, and offers an industry best fixed 614,917.56% APY. Astake develops projects, products, and protocols that bring industry leading benefits to holders of its utility token $ASTAKE.

ASTAKE Auto-Staking Protocol (AAP) — Highest Fixed APY

AAP provides token holders simplicity, security, and a consistent fixed high yield return of 614,917.56% APY from their staking. It is used in the Astake token, providing it with these industry benefits:

Low Risk — ASTAKE Insurance Fund (AIF)

3% of all trading fees are stored in the Astake Insurance Fund which helps sustain and back the staking rewards by maintaining price stability and greatly reducing downside risk.

Staking — Easy and Safe

The $ASPAY token always stays in your wallet it doesn’t need to be put into the hands of a 3rd party or centralized authority. All you need to do is buy & hold as you automatically receive rewards in your own wallet so there’s no more complicated staking processes at all.

Interest Yield — Automatic Payments

You need not be concerned about re-staking your tokens. Interest yield is paid automatically and compound in your own wallet, guaranteeing you will never miss a payment.

Highest Fixed APY

ASTAKE pays out at 614,917.56% in the first 12 months which rivals anything in the DeFi arena to date.

Rapid Interest Payments

The ASTAKE protocol pays every $ASTAKE Token holder each and every 10 minutes or 144 times each day, making it the fastest auto-compounding protocol in crypto.

Auto Token Burn

One of the exciting features of the ASTAKE protocol is an automatic token burn system named “The Fire Pit” which prevents circulating supply getting out of hand and becoming unmanageable. The Fire Pit burns 1% out of all $ASTAKE Token market sales.