Weekly Loyalty Rewards
Last updated
Last updated
Our Loyalty Program comprises of a tiered system that rewards based on the amount of ASTR staked. When you stake a higher amount, you move to a higher tier. And higher tiers get greater nsASTR payouts every Monday. In Season 1 of the Loyalty Program, Neemo Finance offers 50% of its dApp staking owner rewards during 2024. This is applicable for 2025 too!
You need to fulfill the following to be eligible for these rewards:
Mint a a minimum of 5000 nsASTR on our app (not via dApp staking) and mint nsASTR once Soneium goes live. Remember that nsASTR is a yield-bearing token. Thus when you mint nsASTR, ensure that you exceed (or at least) match 5000 nsASTR. Else, you won't be eligible to receive the rewards.
Hold a Loyalty Badge NFT. More details about our Loyalty Badge NFTs in the page here.
The UI will be updated on every Monday
You keep earning Loyalty Rewards regardless of where you use your nsASTR but the calculation will take the nsASTR amount into account.
Membership tiers are determined by both the staking period and the tier thresholds. Users will automatically advance to the next tier when they meet both the staking period requirement and the tier threshold.
If you meet the Entry tier conditions and the staking period requirement but have not yet reached the tier threshold, you will advance to the next tier once the required amount is staked.
If you reach the tier threshold but the staking period has not yet been completed, you will need to wait until the required period is met before advancing.
Please note that your staking tier is subject to your nsASTR balance. And not ASTR balance. Since nsASTR is a yield-bearing token, its price gradually increases over time. Thus, ensure that your nsASTR value exceeds (or at least matches) the tier threshold else you won't be eligible for Loyalty Rewards.
For example:
Once you stake a minimum of 5,000 ASTR, you enter the Entry tier. After 3 months have passed, you user will need to stake a minimum of 100,000 ASTR to advance to the Elite tier. This process continues similarly for higher tiers.
Conversely, even if you start by staking 300,000 ASTR, it will still take 7 months to reach the Ultimate tier.
Entry
0 month
1
5,000
Standard
1 month
1.49
10,000
Elite
3 month
2.68
100,000
Ultimate
7 month
4.3
300,000
The overall rewards earned are based on the below formula.
Rt=R∗PtWt/ΣPtWtRt=R∗PtWt/ΣPtWt
R: Total rewards for all ASTR staked in the Loyalty program for the period.
Pt: Percentage of the total staked ASTR in the tier.
Wt: Weight for the membership tier.
Rt: Rewards for the tier for the period.
If you use nsASTR in DeFi, you can still earn loyalty rewards, but the calculation will take the nsASTR amount into account.
For example, if you provide liquidity with 100 nsASTR/100 ASTR on a DEX, only the 100 nsASTR will be eligible for loyalty rewards.
In the case of lending, if 100 nsASTR is supplied, the entire 100 nsASTR will qualify for loyalty rewards.
However, if 100 nsASTR is used as collateral to borrow other assets, the borrowed asset amount will be deducted from the calculation.
The calculation is strictly based on the nsASTR amount.
You can track staking tiers and thresholds on the Loyalty Program page .
