News, Partnership announcements

Arthswap Is Launching On Algem’s Liquidity Hub

Arthswap is coming to Algems’ Liquidity Hub. Stake your Astar tokens on Algem then add your nASTR to Arthswap’s liquidity pool without leaving Algem’s website.

Arthswap coming to Algem's Liquidity Hub

Arthswap is coming to Algem’s liquidity hub, formerly called Adapter Contracts. 

Algem’s liquidity hub is an intermediary contract between the user and a liquidity-providing platform, such as Arthswap Finance. 

Our Liquidity Hub replicates Astar Network dApps’ interface on Algem. 

It makes it easier for Algem users to use the $nASTR they get from staking $ASTR on Algem on partner dApps without going to their websites.

We at Algem pride ourselves on being the liquid staking solution on Astar Network. 

We are constantly seeking newer use cases and applications for nASTR. In order to do this, we have teamed up with some of the best protocols on Astar and will continue to look for more ways to use nASTR.

In June, we told you about our partnership with Arthswap, which would lead to the launch of a new trading pool called nASTR/ASTR on Arthswap. 

Arthswap will be on Algem’s Liquidity Hub—formerly called adapter contracts. We’ll also be launching a 3-week campaign. 

Arthswap is the most important DEX and AMM protocol on the Astar Network. It lets Astar users swap many assets with low trading fees. When people stake their LP tokens on Arthswap’s farms, they can also earn a high APY.

Many of Astar’s most important projects are already backed by Arthswap, and they just recently added cross-chain assets like DOT to their DEX. The goal of our partnership is to give Algem users more ways to use nASTR. To do this, we needed to work with Arthswap.

Through this partnership, nASTR and ASTR will be tradeable on Arthswap’s farms and pools. Since Arthswap was added to Algem’s liquidity hub, users can make good use of the nASTR and ASTR.

Earn extra ALGM incentives!

To get as many people as possible to take part in our campaign with Arthswap, we’re starting a 3-week campaign with extra rewards.

Liquidity must be provided to Arthswap using Algem’s nASTR Liquidity Hub. Keep in mind that staked rewards will be lost if the nASTR Liquidity Hub isn’t used to provide liquidity.

Here are the key highlights of the campaign:

Reward parameters:

  • Pool: nASTR/ASTR
  • Base reward: TBA
  • Extra rewards: 100 000 ALGM incentives allocated from Algem 
  • Launch date: November 16th, 2022
  • End date: December 7th, 2022

During the 3-week campaign, the Algem team will take a snapshot every day. After the ALGM TGE, ALGM rewards will be given out based on how much each user has in the nASTR/ASTR pool.

Ready To Stake with Arthswap Using The nASTR Liquidity Hub?

Follow our Guide for Using the nASTR Liquidity Hub on Algem to Stake for the Arthswap Campaign.

Once you have staked your ASTR tokens on Algem and gotten your nASTR, you can use your tokens by choosing Arthswap from the list of protocols.

How To Provide Liquidity and Stake Liquidity Provider Tokens with Arthswap

  • Select the deposit option;
  • Enter the amount of nASTR and ASTR you want to supply;
  • Select the option to stake LP tokens automatically;
  • Confirm the action by clicking “Deposit” and signing the transaction in your wallet.

You can move liquidity to the Arthswap dapp on the liquidity hub if you have already provided liquidity in Algem’s nASTR liquidity hub using another protocol.

How To Unstake LP (Liquidity Provider) Tokens and Withdraw Liquidity

  • Select the Arthswap dApp in the liquidity hub;
  • Click on the withdraw option;
  • Enter the amount of LP tokens you want to unstake;
  • Select the option to withdraw tokens automatically;
  • Confirm the action by clicking on “Unstake” and signing the transaction in your wallet.

How To Claim Your Rewards From The nASTR Liquidity Hub

  • Select the Arthswap dApp in the liquidity hub;
  • Click on the “Claim rewards” button and sign the transaction in your wallet;
  • Your rewards will be distributed directly into your wallet

About Algem

Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid lending. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and lending solutions let users use Algem’s liquid nASTR tokens across Astar’s Defi ecosystem to earn staking rewards and make more money. In doing so, Algem supports other Defi protocols by providing liquidity and creating a sustainable and cooperative ecosystem on the Astar Network and Polkadot.

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