Algem Documentation
🇬🇧 English
🇬🇧 English
  • 👋Introduction
  • 🤖Algem Protocol
    • 🌊Liquid Farming
      • FAQ
      • Liquid Farming Guide
    • 🚀Liquid dApp Staking V2.0 (new)
      • 🪙xnASTR
    • 💦Liquid dApp Staking V1.5 (old)
      • ASTR Liquid Staking
      • nASTR
      • Unstaking nASTR
      • Liquid staking FAQ
      • nASTR Farming
    • 🪙ALGM token
      • Tokenomics
      • ALGM Utility
    • 🖼️NFT Collections
    • ⚖️Protocol revenues
    • ⚠️Risk management
    • 👥Join Algem Community
      • Ecosystem Links
      • Algyors Program
  • Get Started
    • 💼Wallets & Networks
      • 🦊Metamask
      • 🔑Ledger EVM
      • *️Polkadot{.js}
    • 🔀Transfer assets to Astar Network EVM
      • 🏦From a CEX
      • 🌀Using Astar Network Portal
      • 🌉Using Bridges
      • 🔁Using a cross-chain swap
      • 💱Using a DEX
    • 🚀How to use Algem's Liquid dApp Staking V2.0 (new)
    • 🐬How to use Algem's Liquid dApp Staking V1.5 (old)
      • 🖥️Desktop version
      • 📱Mobile version
    • 🦈How to use Algem's nASTR Farming
      • 👨‍🌾Sirius Finance
      • 🌽Kagla Finance
      • 🥕Arthswap
      • 🍋SiO2 Finance
    • 🐠How to transfer nASTR tokens with Algem
  • 🔧Development and Security
    • 🚶Introduction
    • 📃Contracts information
    • 🏗️Internal practices
    • 🕵️Audit
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  1. Algem Protocol
  2. Liquid dApp Staking V1.5 (old)

ASTR Liquid Staking

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Last updated 4 months ago

When users deposit their ASTR tokens on Algem's liquid staking feature, they receive the same amount in nASTR tokens in return (1:1 ratio).

Deposited ASTR tokens are delegated by Algem's smart contracts directly to the Astar network's dApp Staking and begin earning staking rewards. Algem collects these rewards and distributes them, minus a small fee (), to users based on the nASTR balance in their wallets.

Algem tracks all types of nASTR tokens, including base tokens, LP tokens, etc., which means that nASTR holders can use their tokens on other defi protocols through the nASTR Farming and still earn rewards.

Staking reward is distributed according to the current dApp staking APR and rules. In addition, users can claim rewards on Algem after each new era.

With Liquid dApp Staking, ASTR holders can choose the dApp they want to stake on and thus support in dApp staking. When a user decides to deposit his ASTR tokens on one of the dApps available in Liquid Staking, Algem's smart contracts directly transfer the ASTR tokens to the Astar network's dApp Staking and stake them on the corresponding dApp.

In this way, Algem maintains and shares Astar Network's vision of creating a sustainable ecosystem where dApps and users collaborate and support each other for the benefit of the ecosystem.

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