What is Starlay Finance?

Starlay Finance is a protocol for users to quickly and easily deposit and borrow assets on Astar Network. Depositors can provide liquidity to earn interest as a stable passive income, while borrowers can leverage their assets without selling them out. By depositing your favored listed assets, you will be able to receive lTokens (lay ibTokens) and earn lending fee income. lToken is a deposit certificate of an underlying asset that accrues interests from being borrowed on Starlay Finance. lToken is redeemable at any time at a 1-to-1 rate with the underlying asset on Starlay Finance as long as there is liquidity available.

LAY is the native token of Starlay Finance. The most standard use-case of LAY is to lock LAY to obtain veLAY and earn the protocol revenue. The amount of veLAY you receive depends on the period of time you lock, and revenue varies on which pool of fees you earn by using veLAY.