FAQ

What is Neemo Finance?

Neemo Finance is a liquid staking protocol on Soneium. It supports native liquid dApp staking on Soneium, allowing you to deposit your ASTR and earn nsASTR in return. The deposited tokens are then used to participate in dApp staking on Astar. You can then use these liquid nsASTR tokens to participate in DeFi and earn compounded yield.

What is Soneium?

Soneium is an Ethereum Layer 2 Network being built by Sony Block Solutions Labs, part of Sony Group. It aims to connect blockchain with everyday products and services that users know of and use in web2. Through its vast presence across various fields such as entertainment, creativity, finance, and more - it opens up several opportunities for web3 to be leveraged and connected with real users.

How does liquid staking work on Soneium?

We’ve attempted to offer a highly simplified liquid staking experience on Soneium. You can easily deposit your ASTR on Soneium without bridging them to Astar Network. Neemo Finance then bridges these tokens to Astar Network, offering you the dApp staking rewards right in your wallet!

Can we mint nsASTR on Soneium?

Yes! You can easily mint nsASTR on Soneium without needing to bridge your assets. Once Soneium mainnet is live, you can utilize nsASTR in DeFi protocols building on Soneiym for boosted rewards!

What are the main benefits of staking with Neemo?

Fully Optimized Structure:

• Non Rebase Token: Seamlessly integrate with DeFi protocols building on Soneium, providing greater utility for your staked assets.

• No Restaking Required: Continue earning rewards without needing to restake.

• Native Staking/Unstaking: Easily stake and unstake directly on the platform.

Maximized Rewards:

• Optimized for dApp Staking: Achieve the highest possible returns through Neemo’s optimized staking mechanism.

• Extra Rewards from Loyalty Program NFT: Earn additional rewards by holding a Loyalty Program NFT

• Immediate Utilization on Soneium: Utilize nsASTR from Day 1 on Soneium, allowing you to earn rewards and engage with DeFi building on Soneium seamlessly.

Is my investment safe with Neemo?

We prioritize the security of your assets. Our smart contracts have been audited by the leading blockchain security auditor, Hacken. Additionally, all of our contracts also undergo extensive peeaudits. We have also implemented and integrated additional security measures to prevent malicious transactions beforehand.