Algem Liquid Staking V2 & Ongoing Campaigns!

General
1

Algem Forum Announcement - 12.02.2025
Algem Forum Announcement - 12.02.20251200×704 155 KB

:confetti_ball: We launched Algem Liquid Staking V2 earlier this month and It represents a significant evolution of the liquid staking architecture initially introduced with version 1.5.

The good thing is, we’ve got lots of new campaigns that have just started, here’s how you can get involved and earn some points / rewards in the process!

:point_right: What is Liquid Staking V2?

V2 is built on Astar Network, but with expanded horizons, it now provides an opportunity for both Soneium and Astar Network users (via CCIP) to receive Liquid Staking returns via Algem.

The revamped system addresses key limitations of its predecessor while introducing innovative mechanics to enhance the user experience, security, and integration within decentralized finance (DeFi) ecosystems.

:point_right: What can you expect from Liquid Staking V2?

:large_orange_diamond: A new liquid xnASTR token (to replace nASTR):

Cross chain, allowing you to stake via Soneium or Astar Network. It opens up to a wider audience and thus provides more onboarding opportunities onto the Soneium and Astar Network ecosystems.

:large_orange_diamond: xnASTR has been made in a reward bearing architecture:

Automatically compounds staking rewards, no more manual claiming needed. A true set and forget staking benefit.

:large_orange_diamond: Multiple unstake options:

Users can choose between regular unstaking (10-13 ERAs wait), immediate unstaking with a 1% fee (subject to reward pool availability), or trading xnASTR on Automated Market Makers (AMMs).

:large_orange_diamond: Cashback system (to be added):

NFT-based discounts allow users to reclaim a portion of the staking management fees.

:large_orange_diamond: Voting mechanism: (once TGE takes place)

Stakers can allocate their ASTR to specific dApps using veALGM tokens, empowering community-driven decisions.

:large_orange_diamond: Elimination of Adapter Contracts:

The new architecture minimizes security risks and improves scalability by removing the reliance on adapter contracts.

:large_orange_diamond: Still great easy to use Algem product, brand and quality!

:point_right: What Campaigns are ongoing now?

:one: Algem Splash Marathon:

A Staking and Referral campaign designed for the new Liquid Staking V2 product and runs until March 31, where every ASTR holder can:

:large_blue_diamond: Stake tokens via Algem Liquid Staking V2 and get liquid Chainlink CCIP xnASTR tokens.

:large_blue_diamond: Accumulate points to claim your share of the 50,000 ASTR prize pool and ALGM tokens.

:large_blue_diamond: Invite friends through the referral program.

:large_blue_diamond: Earn additional bonuses if you’re an Algemantis Nautilus Pass holder or a user of our previous Liquid Staking V1.5.

Here’s the full blog article

Note: The Algem Splash Marathon is an additional event to our points program, which will continue after the marathon ends and influence the number of ALGM tokens you’ll receive.

:two: The Algem Liquid Farming Pre-release Airlyft:

These quests are designed to help you understand the product before the launch and offer you opportunities to earn bonuses and exclusive rewards. Practical quests related to adding liquidity to pools on AMMs (KYO, Sonex) will allow you to earn even more points and climb the leaderboard. Special attention is given to liquidity providers, as they form the foundation of AMM and Liquid Farming.

You can join the Algem Airlyft here

The Airlyft campaign runs until Feb 22nd and three participants with the highest scores will receive an exclusive Algemantis Nautilus Pass NFT, granting numerous benefits.

Your leaderboard position based on Liquid Farming Quest XP will determine your boost in the Algem Points campaign that comes after the launch of Liquid Farming. Algem Points can later be exchanged for ALGM tokens and the number of XP in the Liquid Farming Quests will determine the boost percentage for the upcoming Algem Point system.

Here’s the full blog article

Regardless of the total number of XP accumulated, all participants will automatically be added to the Whitelist, giving you a boost on your Algem Points once Liquid Farming launches.

:three: Getting Liquid Staking V2 points:

By Joining the Airlyft above, you’ll also be invited to complete general quests and Liquid Staking V2 related quests. You’ll earn Liquid Staking Points for staking ASTR, which can later be exchanged for ALGM tokens (based on the number of XP) after the Liquid Farming product launch.

All Airlyft quests finish on Feb 22nd but the Splash Referral Marathon continues until March 31st.

:handshake: A lot of brand new fresh news to present to you all and we’re delighted with the progress so far. We are still continuing to push forward as we work on the next release of Algem products. Come join in and be part of propelling Algem forward, together with us!

Transforming Finance, Redefining Freedom

7 Likes
2

Amazing! Thank you very much for sharing this big update! If you ever want to spread the word in Chinese community, I am ready to help!

1 Like
3

Hi @drcao,

Thank you for leaving your comment and of course feel free to spread the news! You can also generate your own referral link and spread this in your community if you like.

Thank you for your support,
Gianluca - Algem CM

1 Like
4

Exciting updates! Liquid Staking V2 looks like a game-changer—loving the auto-compounding xnASTR and multi-unstake options. The Splash Marathon and Airlyft campaigns are a great way to get involved early. Big things ahead for Algem—let’s go! :rocket::fire:

1 Like
5

Hi @Matt

Thank you so much for joining the discussion and we’re really glad to hear you find the new added features of big benefit!

We look forward to presenting more news and announcements to you and the community in the coming weeks / months.

Gianluca

6

Nice work guys! I have been following the Algem platform since the first versions and seeing the continuous development and evolution demonstrates the seriousness of the team. The beareing reward mechaninsm is a very good upgrade to Auto-compound the rewards;)

1 Like
7

Hi @SimonB,

Thank you for leaving your comment plus your continued and ongoing support. Also glad you like the new upgraded token architecture too! :slightly_smiling_face:

Gianluca

8

Thank you, my community had one post here: x.com

1 Like
9

Each campaign looks very interesting. If I may, I’d like to ask a few additional questions:

  1. In terms of targets for each campaign, what numbers does the team have in mind?

  2. How is the current situation performing? For example, number of users, number of transactions, etc.

10

Hi @BoomBLB,

  1. We are focused on adding as much liquidity as possible to our new V2 platform, we have existing users who have switched over and also new users from the Soneium ecosystem. We have seen a good increase in growth and all of this is viewable through the numerous participants in the current Algem Airlyft.

We also have many liquidity fuelled quests designed to educate and increase Algem’s TVL along with the Splash campaign.

  1. All campaigns are still ongoing for some more duration so exact figures will be determined after the close of all campaigns, however we’ve seen a beneficial increase in user growth and TVL increase of V2 so far.

Hope they answer your questions.

Regards
Gianluca - Algem CM

11

Thank you for the information. Anyway, I’m cheering for the campaign to be a great success. =)

1 Like
12

Sure, no problem and thank you @BoomBLB for the support, much appreciated! :slightly_smiling_face: