We are excited to introduce our new product—Algem Liquid dApp Staking V2.0, which takes ASTR staking to the next level. Below, we’ll outline the key innovations and improvements we’ve implemented to make staking more convenient, secure, and effective.
What’s new in Algem Liquid dApp Staking V2.0?
xnASTR Token and Reward-Bearing Architecture
- The new xnASTR token replaces the previous liquid token, nASTR.
- Now, xnASTR automatically accumulates staking rewards, so you no longer need to claim them manually.
- It uses the Chainlink CCIP format, enabling seamless transfer of xnASTR across any CCIP-supported networks.
Multi-Application Staking
- ASTR tokens are staked across multiple dApps simultaneously, proportionally to voting power.
- The dApps where tokens are allocated are displayed on the main staking page and can be selected by users.
Enhanced Unstaking Options
- A significantly expanded instant unstaking pool compared to version 1.5 allows users to withdraw larger amounts from staking without waiting for the unstaking period.
Users now have three options for unstaking:
- Standard unstaking: Wait 10–13 ERAs for unlocking.
- Instant unstaking: Use the instant pool to withdraw immediately.
- Sell xnASTR on an AMM: Maintain liquidity and flexibility by trading xnASTR.
NFT Cashback and Flexible Fees
- By owning a discount NFT, you can refund a portion of staking management fees. This is especially useful for large volumes.
Ease of Integration and Cross-Chain Interoperability
- Chainlink CCIP simplifies token transfers across different blockchains.
New, More Secure Architecture
- Elimination of adapter contracts: V1.5 encountered risks and scalability challenges, which V2 has resolved.
- Automatic reward compounding: All staking rewards are periodically reinvested, increasing the overall APR.
Economic Model and Tokenomics
- Fee structure: A 10% fee is applied to staking rewards and distributed among ALGM token stakers (ALGM staking will be available soon).
- Governance participation: With veALGM, you can vote on ASTR distribution across dApps, influence ecosystem development, and earn additional benefits.
Join the Algem Points Program
We’re also launching the Algem Points Program to further reward our community. While your ASTR is staked in Algem Liquid Staking V2, you’ll start accumulating Algem Points, which can later be exchanged for our token, ALGM. The longer and larger your stake, the more points you’ll earn!
Start Staking Now!
Discover all the benefits of Algem Liquid Staking V2: https://v2.algem.io
- Flexibility and liquidity with the xnASTR token.
- Reliable and scalable architecture for enhanced performance.
- Passive income without complex operations.
Stake your ASTR now and become part of the Algem Points Program to accumulate points and exchange them for ALGM tokens. Join us in this new chapter of the Astar Network and Soneium ecosystem!
About Algem
Algem is a decentralized application built on the Astar Network and offers two main features: liquid staking and liquid farming. As their names suggest, these two options let ASTR holders keep their assets liquid while putting them to work. Also, the liquid staking and farming 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.
How we had been making Algemantis Nautilus Pass NFT
Everything You Need To Know About Liquid Staking On Astar Network
Partnership with Sirius Finance
Introduction in Algem