nsASTR: Liquid Staking for Soneium & Astar Network

Neemo Finance offers liquid staking for Astar Network and Soneium. You can stake ASTR on Astar Network and/or Soneium and mint nsASTR in return. Use nsASTR freely in Soneium DeFi to maximize LST rewards.

About nsASTR

nsASTR is a yield bering token that appreciates in value over time as it accrues staking rewards. This offers users the ability to earn staking rewards from Astar Network’s dApp staking while also having the ability to participate in Soneium DeFi applications for increased rewards.

Benefits of staking ASTR with Neemo Finance

• Optimized Rewards: By utilizing a design optimized for Astar’s dApp staking, you can achieve the highest possible APR, currently around 20%. This includes both Bonus Rewards and Staking Rewards, maximizing returns. To achieve this, you must deposit yours assets for the full duration of both the Voting Subperiod and the Build & Earn Subperiod. You have to lock your ASTR for 111 + 11 era (days) in Neemo to maximize rewards. You require a waiting period of 10 to 132 days to maximize your rewards

• Instant Withdraw: Instant Withdraw allows you to get instant liquidity on your unstaked ASTR. This cuts down the unbonding period on getting your staked ASTR back. Thus, in exchange for a fee, you can instantly withdraw your holdings. Instant Withdraw is made possible only by reserving a portion of staked funds within the contract to act as a liquidity pools. In a Instant Withdraw transaction, no unstaking from the nodes occurs. Instead, the withdrawn funds are sourced from the user-deposited liquidity pool’s balance. This is particularly useful in cases where immediate liquidity is needed.

• Standard withdraw: Standard withdraw aligns with Astar’s dApp Staking, requiring a waiting period of 10 to 132 days. This ensures users receive full rewards, as skipping this process would result in a 5.61% reduction in bonus rewards. Thus our nsASTR reward is the highest.

• DeFi Utilization: Neemo’s nsASTR exists as a DeFi primitive. Therefore, it is expected to be utilized in DeFi protocols. We aim to increase the utility of nsASTR by collaborating with major DeFi protocols such as DEX, lending, perpetuals, yield optimizers, and yield splitting protocols. Check out our partners page: Partners & Campaign Rewards

• Participation in Campaigns: Get a chance to participate in varying reward campaigns hosted by Neemo Finance: Campaigns

• Weekly Loyalty Reward Payouts: Get weekly Loyalty Rewards when you stake the minimum threshold ASTR with our Loyalty NFT. Your weekly rewards are paid out in nsASTR, automatically credited each Monday. Check it out: Loyalty Program

• Native Staking/Unstaking: You can stake/unstake ASTR/nsASTR on Soneium with one click. This approach offers you a stress-free experience when minting/redeeming nsASTR, simplifying the process and minimizing complexity across networks.

• Parachain Staking: You can even stake your ASTR on Neemo Finance from the parachain. This does not require any manual bridging and saves you from unnecessary gas fees and hassles! Check it out here: https://app.neemo.finance/native-stake/astar

• Curator Vaults (Coming soon): Deposit nsASTR in automated Curator Vaults to maximize your LST earnings without manually managing your LST positions. Simply deposit nsASTR in a Vault of your choice, sit back and earn double-digit returns!

How to mint nsASTR

For a full guide on how to mint nsASTR, check out How to Use Neemo Finance Mainnet: Astar EVM & Native page.

To test nsASTR minting on Soneium, check out How to Use Soneium Minato Testnet page.

nsASTR protocol design