FAQs

What is Soneium Genesis?

Soneium Genesis is a campaign designed to incentivize early deposits on Soneium Mainnet. As part of the campaign, you can deposit ASTR/ETH and mint nsASTR/nrETH in return. Deposit either of these assets to leading Soneium DeFi protocols to earn boosted rewards and incentives. List of all partner protocols for Soneium Genesis can be found here.

How can I participate in Soneium Genesis?

1. Head to official Neemo Finance app.

2. Deposit ASTR/ETH on the app. Mint nsASTR/nrETH and add to wallet.

3. Decide which protocol you want to deposit to on Soneium Genesis page. Visit their official app.

4. Deposit the amount of choice.

5. Earn staking APR/restaking APR, 3x Neemo Points, 3x ether.fi Points, Soneium DeFi partner rewards and incentives.

Read more on how you can participate here.

Why should I participate in Soneium Genesis?

Soneium Genesis unifies yield-seeking users and capital-seeking Soneium DeFi protocols via early incentives, rewards, and boosted points. By depositing capital to Soneium DeFi protocols, you get exposure to Soneium DeFi, earn boosted yields/incentives/rewards. And all protocols receive capital and liquidity. Currently, you can deposit to 8 major Soneium DeFi protocols.

What protocols are participating in Soneium Genesis?

The following protocols are participating in Soneium Genesis:

• Bonsai NFT Club

• Kyo Finance

• QuickSwap

• Sonus

• SoneX

• Untitled Bank

• Synstation

• Velodrome

Read more about these partners and the rewards and incentives you can earn from there in the Partner Protocols Point Tracking page.

What rewards do I get when I participate in Soneium Genesis?

You get the following base rewards if you deposit nsASTR/nrETH:

• nsASTR: +20% APR (staking) + upto 20% APR (Loyalty Rewards) + 3x Neemo Points + partner protocol rewards and incentives

• nrETH: 4.2% APR (restaking, staking) + 3x Neemo Points + 3x ether.fi Points + partner protocol rewards and incentives

How long will Soneium Genesis campaign run?

The campaign begins with the launch of Soneium Mainnet launch. The end date will be updated soon. Check back here and on our X page for realtime updates.

What assets can I use to participate in Soneium Genesis?

You can participate using nsASTR or nrETH. You can mint nsASTR by depositing ASTR on Astar EVM or Soneium. You can mint nrETH by depositing ETH on Ethereum L1.

How can I mint nrETH?

You can mint nrETH by depositing your ETH on Ethereum Mainnet. Soon, you'll be able to deposit on Soneium Mainnet too. Or, you can even buy nrETH via a DEX. You can trade ETH or nsASTR to get nrETH on Soneium Mainnet. This saves you gas fees.

My ETH is on another L2. How can I buy nrETH on Soneium?

Bridge ETH from your L2 to Soneium using the official Soneium bridge. Once you have ETH on Soneium, you can simply trade it for nrETH via any of your favourite DEXes on Soneium.

How can I mint nsASTR?

You can mint nsASTR through 2 ways: deposit ASTR on Astar EVM. Or, deposit ASTR on Soneium Mainnet. When you do, you get nsASTR in return on Soneium Mainnet. You can then use it to participate in Soneium DeFi protocols.

What happens when I use my nsASTR? Do I still get Loyalty Rewards?

Yes, even if you use your nsASTR in Soneium DeFi, you continue to earn Loyalty Rewards. Remember it like this: if you have minted nsASTR and qualify a tier threshold, you will always earn Loyalty Rewards regardless of where you use nsASTR.