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Astar dApp: Algem, liquid staking on @AstarNetwork

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10 months ago

How to earn with liquid staking on @AstarNetwork ?

Let's explain @Algem_io

Here is a quick overview of the project.

$ASTR #ASTR

1/ What is AIgem?

@Algem_io is a liquid stacking protocol on top of @AstarNetwork

. It offers new ways for $ASTR holders to earn more.

2/ What does AIgem solve?

AIgem gives access to DeFi on @AstarNetwork

It allows $ASTR holders to earn rewards for their investments.

3/ How does it work and what are the benefits?

There are several solutions provided by @Algem_io:

Liquid stacking:

18.1% on their stacked $ASTR without having their assets locked

Maximise their earning, by using the $nASTR they get from their stacked $ASTR

$nASTR Farming :

Use $nASTR on partner protocols (Liquidity provision, Lending, Staking…)

Get improved reward calculations

Have more security while managing everything in one place.

Liquid Lending:

Lend their ASTR tokens to other DeFi protocols

Receive nASTR tokens

Earn lending rewards

4/ Who are the founders?

@Algem_io iss developed by a team of experienced blockchain developers.

The team includes @igorthemagician (CEO), @gaius_sama (also core team at Astar Network), @gl_r93 (Core Team | Content Creator and CM) as well as other people.

5/ NFT Collections

@Algem_io is the first project on @AstarNetwork to combine NFT and DeFi.

Owning NFTs provides advantages such as:

  • Discounts on fees

  • Increased APR

  • Access to private groups

6/ $ALGM token

$ALGM is the native token of the Algem protocol, It is used for governance and allows users to earn more rewards.

$ASTR #ASTR

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Max.eth

Max.eth

Engineer & ex Head of Sales| I easily explain DeFi | @AstarNetwork @celestiaorg decoder| @token_titans | 🍊
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