News, Partnership announcements

Partnership Launching: Algem Teams Up With Kagla To Give $nASTR Holders Additional Income Streams In Astar Network’s DeFi Ecosystem

Two Astar Network projects are excited to join forces for an important farming campaign with high rewards!

Algem, the leading DeFi liquidity hub in the Astar Network and Polkadot ecosystem, is pleased to announce its partnership and campaign launch with Kagla Finance. Kagla is an AMM (Automated Market Maker) and StableSwap protocol on Astar Network with low slippage and transaction fees.

Through our partnership, Kagla officially supports the nASTR: ASTR pair in its farms and pools. This means you can go to Kagla’s app and provide nASTR:ASTR liquidity or perform swaps.

Earn Extra ALGM Incentives!

To incentivize maximum participation in our campaign with Kagla, we are launching a 3-week campaign to give you extra rewards! 

Here are the key highlights of the campaign:

Reward parameters:

  • Pool: nASTR/ASTR
  • Base reward: Based on the final voting result on Muu Finance.
  • Extra rewards: 75,000 ALGM incentives allocated from Algem & extra incentives in KGL from Kagla Finance.
  • Launch date: August 18th, 2022
  • End date: September 8th, 2022

The Algem team will take daily snapshots during the 3 week campaign and distribute ALGM rewards based on user shares in the nASTR/ASTR pool after the ALGM TGE.

We are thrilled to be able to provide DeFi users on Astar Network with more options to maximize their earning potential with their assets. Kagla’s team is committed to growing the Astar DeFi ecosystem. We couldn’t be more proud to partner with such a fine team.

Greg, Algem CMO

We are delighted to announce the integration of Algem and Kagla Finance. Through this collaboration, users will have broader options in DeFi space on the Astar ecosystem. We believe that this will accelerate the expansion of the whole Astar ecosystem.

Kagla Finance team

Ready To Try The New nASTR Liquidity Pool On Kagla?

Follow our guide!

To understand how to use Algem, please visit our documentation.

  • Step 1: First, you must have nASTR tokens by staking your ASTR tokens on Algem.
  • Step 2: Once you have your nASTR, go to Kagla Finance dApp.
  • Step 3: In the nASTR/ASTR pool, enter the liquidity you want to deposit and confirm.
    We strongly recommend that you deposit the same amount of ASTR/nASTR as the pool balance (visible in the right column).
  • Step 4: In return, you will receive 2AGL tokens representing your LP tokens;
  • Step 5: Scroll down to the stake section, enter the amount of 2AGL you want to stake and confirm.

Congratulations and enjoy this farming campaign!

In order to receive the incentive rewards of the campaign between Algem & Kagla Finance, you must stake your 2AGL tokens!

Warning: Before using Kagla Finance for farming, ensure you know and understand the risks of impermanent loss, de-peg stable pairs and smart-contracts. See the Algem documentation for more information. 

Find out our complete guide on how to use nASTR on Kagla Finance in our documentation.

About Kagla

Kagla Finance is the leading AMM (Automated Market Maker) and StableSwap protocol on Astar Network with a low trading fee (0.04%).

“StableSwap” is a DEX that focuses on stablecoins. By concentrating on stablecoins, you can swap with low slippage and fee.

About Algem

Algem is a dApp built on Astar Network and offers two main features: liquid staking and liquid lending. As the name implies, these two solutions enable ASTR holders to remain liquid with their assets while putting them to work.

The liquid staking and lending solutions allow users to accumulate staking rewards and increase their earnings using Algem’s liquid nASTR tokens across Astar’s DeFi ecosystem. In doing so, Algem supports other DeFi protocols by providing liquidity, creating a sustainable and cooperative ecosystem on Astar Network and Polkadot.

Stay in Touch

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Ready To Try The New nASTR Liquidity Pool On Kagla?