We are excited to announce the Bootstrap Campaign—our launch event for Liquid Farming! In partnership with Arkada, a quest platform on Soneium, we are running this campaign to attract new users, boost TVL, and generously reward participants.
In short—points convertible to ALGM, referral bonuses, and a 50,000 ALGM reward pool. Let’s break down how it works and how you can maximize your earnings.
Campaign Structure: How It Works?
- Start Date: March 3
- Duration: Until the end of the current points campaign
Rewards
- Points that will later be converted into ALGM
- Referral program for extra bonuses
- 50,000 ALGM extra bonus pool for top participants and referrers
User Incentive System
Point System
- Earn points proportional to the liquidity deposited in Liquid Farming vaults (e.g., WETH/yaySTONE, ETH/wstETH).
- Minimum requirement: 5 points to qualify for the final rewards distribution.
- This protects against Sybil attacks and airdrop hunters.
Referral Program
- Invite friends and earn 10% of the points they accumulate.
- Your referral code gives a 5% bonus to the new participant’s points allocation.
- More referrals = more bonuses.
50,000 ALGM Extra Bonus Distribution
- 35,000 ALGM for the Top 100 Participants
- Distributed among 100 users with the most points.
- Proportional to total accumulated points.
- 15,000 ALGM for Referrers
- Only for users who referred at least one new participant.
- Proportional to the number of referrals.
- Each referral must earn at least 5 points (anti-Sybil protection).
These rewards will be distributed after the points campaign ends.
Partnership with Arkada
We are partnering with Arkada—a quest platform on Soneium—to make this campaign even more exciting!
- Complete on-chain and off-chain quests related to Liquid Farming on Arkada.
- Earn additional ACS points from the Soneium/Astar Network campaign for finalizing quests!
Join the Bootstrap Campaign Now!
The Bootstrap Campaign is your best opportunity to jump into Liquid Farming with maximum benefits.
- Provide liquidity in vaults
- Invite friends
- Complete quests on Arkada
… and earn ALGM, points and ACS rewards!
How to Get Started?
- Go to Liquid Farming – https://lf.algem.io/
- Choose a Vault – WETH/yaySTONE, WETH/yayAgETH, or ETH/wstETH
- Deposit Liquidity & Receive lfETH
- Start Earning – ALGM, Farming Rewards, Algem Points, ACS Points, and Partner Points Rewards
- Sign up for our campaign on Arkada.gg, complete quizzes, and earn extra ACS points
- Invite friends with your referral code to boost your rewards
Campaign starts now—don’t miss out!
Deposit into vaults and join the quests on Arkada today to claim your share of 50,000 ALGM and build your future success in the Algem ecosystem!
About Algem
Algem is a decentralized application built on Astar Network and Soneium offering two main features: Liquid Farming and Liquid Staking. As the names suggest, these two options let ASTR and ETH holders keep their assets liquid while putting them to work. Liquid Farm or Liquid Stake with Algem’s Cross Chain platforms from Soneium or Astar Network and earn multiple rewards in the process. With Liquid Farming you’ll get a liquid lfETH fully redeemable token, in exchange for your ETH deposit to utilise this across the Soneium ecosystem all whilst earn farming fees and accruing Algem’s Native token ALGM in the process. In Liquid Staking, you’ll earn rewards that are automatically compounded with the Reward bearing xnASTR token for APR Yield in a simplistic way offering you peace of mind.
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