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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  • Staking and xnASTR minting
  • Unstaking
  1. Algem Protocol
  2. Liquid dApp Staking V2.0 (new)

xnASTR

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Last updated 4 months ago

To achieve the mentioned goals, a rewards-bearing architecture has been chosen with xnASTR as a liquid token. The "x" in xnASTR denotes its cross-chain nature due to its XC20 format.

This mechanism eliminates the need for manual claiming of staking rewards; instead, they accumulate on the liquid staking contract, and the xnASTR/ASTR ratio steadily increases over time.

The xnASTR price is determined by the following equation:

stakedASTR: the whole number of ASTR staked;

rewardPool: a pool where all staking rewards are accumulated. Additionally, it is used as the fund for the immediate unstaking function.

xnastrTotalBalance: the whole number of xnASTR minted.

Staking and xnASTR minting

A user stakes their ASTR through the liquid staking form and receives liquid xnASTR tokens back. The number of xnASTR tokens to receive is determined by the following equation:

Unstaking

A user unstakes their ASTR through the liquid unstaking form. The number of ASTR tokens to receive is determined by the following equation:

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