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:
- Users can receive optimized rewards while having the flexibility to redeem nsASTR for ASTR at any time through Instant withdraw. Instant withdraw allows users to access immediate liquidity on their unstaked ASTR without waiting for the standard unbonding period. Instead of going through the usual withdrawal process, users can instantly redeem their holdings by paying a small fee. This mechanism is made possible by reserving a portion of staked funds within the contract, creating a dedicated liquidity pool. When a user requests an Instant withdraw, no unstaking from dapp staking occurs. Instead, the withdrawn funds are sourced from the user-deposited liquidity pool or the existing liquidity primarily provided by Neemo. This feature is particularly beneficial for those who require immediate access to liquidity, ensuring flexibility and efficiency in asset management.
- ex.
  Let’s assume a simplified scenario
  - Where 1 nsASTR = 1 ASTR.
  - The existing Instant withdraw Pool starts with 1M ASTR liquidity and 0 nsASTR.
  - The fee is set to 0
  When a user withdraws nsASTR
  1. The user withdraws 500k nsASTR to the contract.
  2. The contract sends 500k ASTR minus the withdrawal fee to the user.
  3. Final Instant withdraw contract state: 500k ASTR & 500k nsASTR remain in the pool.
  When a user deposits ASTR
  1. The user deposits 750k ASTR into the contract.
  2. The contract sends 500k nsASTR from the nsASTR liquidity in the pool and mints 250k nsASTR directly for the user by depositing into dAppStakingManagerL2, so the user receives 750k nsASTR.
  3. Final instant withdraw contract state: 1M ASTR & 0 nsASTR, restoring the initial state.
  if there is an excess deposit amount, it will be deposited into dAppStakingManagerL2 every era (dairy).This mechanism ensures an efficient balance between Instant withdraw liquidity and new minting, enabling seamless deposit and withdrawal operations while optimizing staking rewards. Additionally, it ensures non-custodial automatic liquidity management and replenishment, maintaining a decentralized and efficient system.
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

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Last updated 14 days ago

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:

Users can receive optimized rewards while having the flexibility to redeem nsASTR for ASTR at any time through Instant withdraw. Instant withdraw allows users to access immediate liquidity on their unstaked ASTR without waiting for the standard unbonding period. Instead of going through the usual withdrawal process, users can instantly redeem their holdings by paying a small fee. This mechanism is made possible by reserving a portion of staked funds within the contract, creating a dedicated liquidity pool. When a user requests an Instant withdraw, no unstaking from dapp staking occurs. Instead, the withdrawn funds are sourced from the user-deposited liquidity pool or the existing liquidity primarily provided by Neemo. This feature is particularly beneficial for those who require immediate access to liquidity, ensuring flexibility and efficiency in asset management.
ex.
Let’s assume a simplified scenario
- Where 1 nsASTR = 1 ASTR.
- The existing Instant withdraw Pool starts with 1M ASTR liquidity and 0 nsASTR.
- The fee is set to 0
When a user withdraws nsASTR
1. The user withdraws 500k nsASTR to the contract.
2. The contract sends 500k ASTR minus the withdrawal fee to the user.
3. Final Instant withdraw contract state: 500k ASTR & 500k nsASTR remain in the pool.
When a user deposits ASTR
1. The user deposits 750k ASTR into the contract.
2. The contract sends 500k nsASTR from the nsASTR liquidity in the pool and mints 250k nsASTR directly for the user by depositing into dAppStakingManagerL2, so the user receives 750k nsASTR.
3. Final instant withdraw contract state: 1M ASTR & 0 nsASTR, restoring the initial state.
if there is an excess deposit amount, it will be deposited into dAppStakingManagerL2 every era (dairy).This mechanism ensures an efficient balance between Instant withdraw liquidity and new minting, enabling seamless deposit and withdrawal operations while optimizing staking rewards. Additionally, it ensures non-custodial automatic liquidity management and replenishment, maintaining a decentralized and efficient system.

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!