Stake with Neemo Finance
Last updated
Last updated
Neemo Finance is a non-custodial liquid staking protocol for Astar Network, allowing users to stake their ASTR and receive nsASTR in return on Soneium. This is a non-rebasing, price-increase 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 DeFi applications on Soneium for increased rewards.
When you stake with Neemo Finance, you get several benefits.
Native Staking/Unstaking: You can stake/unstake ASTR/nsASTR on Soneium with one click. This approach not only improves UX but also prevents TVL reduction as redemptions occur on the same chain.
No Bridging: You can deposit ASTR on Astar EVM directly without worrying about bridging your tokens. This greatly enhances your staking experience and saves you unnecessary costs.
Leveraged Staking: You can use your nsASTR to borrow ASTR and then re-deposit to gain leverage on your nsASTR holdings and LST rewards. No other protocol offers native leveraged staking.
DeFi Vaults: dApp staking on Astar Network offers some of the highest returns in DeFi today. We aim to leverage that financial prowess to integrate across a variety of DeFi vaults to catalyze capital inflow to Soneium and Neemo Finance.