Astra Protocol: A "Compliance Layer" Protocol for DeFi Smart Contracts

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a namedAstra Protocol The project is trying to solve the DeFi compliance problem.Astra Protocol is a decentralized security and legal guarantee protocol, which focuses on adding a compliance layer (legal layer) to DeFi smart contracts on existing public chains (such as Ethereum, Polkadot, Cardano, etc.) - the The compliance layer provides anti-money laundering (AML) and KYC functions to ensure that funds arrive safely at compliant wallet addresses.Astra Protocol enhances trust and peace of mind for institutions in using DeFi.

Specifically, to complete a transaction, both parties must use Astra as a platform. The protocol adds a clause to the smart contract that becomes the default mechanism for resolving all potential disputes, including accidental and fraudulent transactions; if a transaction turns out to be a scam or funds end up in the wrong wallet address, Astra can handle the dispute and immediately transfer Funding; if either party is unhappy, they can open a dispute and call on Astra to resolve the issue quickly and cost-effectively. Both parties can add evidence; once the dispute is resolved, the smart contract will automatically proceed or terminate, and the funds are safely in the right party's hands.

For example, some NFTs now claim to correspond to real-world assets, but the real situation is that buyers may be hindered in exercising their rights. Through the legal layer of the Astra Protocol agreement, the rights and interests of all parties can be effectively protected; if the promoter cannot guarantee that the investor will exercise his rights or commit fraudulent behavior, he will be punished by law, so that real items can be compared with virtual assets on the chain one-to-one Anchoring, driving further growth in the crypto market.

Of course, in order to achieve legal effectiveness and resolve disputes, the legal framework of Astra Protocol must be improved to ensure that no loopholes arise. to this end,Astra Protocol has partnered with some of the world's major business consulting firms, auditing firms and law firms to create a decentralized legal network; in addition, Astra Protocol has hired former EU Trade Commissioner Phil Hogan to join the advisory board to provide professional Dispute Resolution.

Token aspect. Astra Protocol's native token is ASTR, which is mainly used for project governance and as a protocol usage fee, which can be prioritized.

Recently, Astra Protocol announced the completion of $9 million in token financing, with Fundamental Labs, Faculty, Republic, DAOMaker, Richard Dai and others participating.

"We believe Astra's solutions are an important part of bringing DeFi to the mainstream. We're excited to support the Astra team as they work hard to bring the benefits of DeFi to more people and organizations," said Jonathan Han, Partner at Republic.