ASTR Liquid Staking
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 Staking dApps and begin earning staking rewards. Algem collects these rewards and distributes them, minus a small fee (more information about our fees), 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 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.
During our first iteration, only one dApp staking pool is available for staking on Algem. Still, for the next iteration, Algem will deploy Liquid Staking V2, where ASTR holders can choose the dApp they want to stake on and thus support in dApp staking. 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.