I would like to bring to your attention an important matter regarding the old dApp Staking wallet.
This wallet currently holds 20 million ASTR in accumulated developer rewards from the old dApp Staking system (v1 and v2). These funds represent allocated inflation rewards that developers did not claim before we transitioned to dApp Staking v3 in early 2024. Notably, these funds do not include staker rewards, as those were all claimed. Unfortunately, these developer rewards are no longer claimable.
This substantial amount of unclaimed ASTR presents a significant opportunity for our ecosystem. However, how we use these funds must be a collective decision made with transparency, inclusivity, and alignment with our community’s vision.
Next Steps
I propose that we initiate a community-wide discussion to determine the best use of these funds. Here are some potential considerations to spark the conversation:
Ecosystem Development: Fund new initiatives to achieve Astar Evolution 1.5, advance Astar from Blockchain to Collective.
Treasury Allocation: Transfer the funds to the Community Treasury to be managed and allocated by the Community Council for future use.
Other Ideas: Open the floor for suggestions from the community.
I encourage everyone to share their thoughts, ideas, and suggestions on how we should allocate these funds. Let’s make sure these resources are used effectively to benefit the entire Astar ecosystem.
I am looking forward to hearing your ideas and feedback. Let’s build Astar’s future together!
Hey! Thanks for bringing this conversation to the Astar forum.
I’m not sure if these funds are part of the protocol’s main treasury, but if they’re not, my opinion is simple: transfer those funds to the main treasury.
Once they’re there, proposals can be submitted and approved to use those funds for community-driven initiatives, events, project development, and more.
Sending funds to the treasury for future use is an excellent opportunity to provide grants and attract top-tier projects. However, I align with Gavin Wood’s philosophy: the treasury exists to be utilized, not hoarded – and if used ineffectively, it ultimately penalizes ASTR holders. I believe that burning these tokens could bring significant benefits to tokenomics.
It would positively impact inflation, reduce potential sell pressure, and demonstrate to the community that the value of ASTR is a priority for the Foundation. Considering current market conditions and the concerns raised by our holders about the token price, this approach could reinforce trust and long-term commitment to the ecosystem.
But if the community can’t get behind this amazingly equitable and frankly perfect proposal, then I would suggest using the Astar for a purpose as close to that as which they would have been used if this issue did not exist.
It looks like they were supposed to be claimed by developers. So why not use them to get new projects going on Astar or Soneium? There must be some teams out there looking to build on Astar. The Soneium Spark competition had over 1700 applicants, so there seems to be a desire to build if there is support.
I would suggest that rather than simply sending it to the Treasury, it be used to promote the adoption of ASTR in Soneium. Specifically, I think it would be effective to give it to developers who adopt ASTR in their dApp and use it as an incentive for users in that dApp.
This is a very good initiative taken to include the community in deciding the future of these unclaimed developer rewards. These funds could bring a complete transformation to the Astar ecosystem, provided they are strategically utilized. In the case of using it for ecosystem development, such as funding initiatives for Astar Evolution 1.5 or innovative projects, it might fast-track development and bring in more talent. Alternatively, the transfer to the Community Treasury would allow long-term flexibility and accountability. This is important because it lets the Community Council make future allocations when required for growth.
Or hybrid: invest the funds in a way that would immediately seize some development opportunities and secure for future needs. Whichever direction is taken, it will be of high importance that the decision-making process is transparent and inclusive. The community should be invited to propose their ideas and vote on proposals so these resources serve effectively for the collective benefit of Astar’s ecosystem. Let’s make the most of this opportunity!
Sending it to treasury is good if we don’t have better places to utilize this fund, but right now, Soneium mainet is alive, do we want to have some more campaign to promote Astar in Soneium? I feel that would be better than sending it back to treasury, just like the YoKi events, I think we should have more Astar eco projects involved this time, and using Astar in Soneium!
The best option seems to be to send them to the treasury. I agree with Pitcoin and would prefer to see tokens used in marketing and supporting new projects rather than left in disuse.
Hi there,
As mentioned in the ACS campaign discussion, the 20 million ASTR tokens from the unclaimed rewards could be a great way to support the ACS campaign. I’d like to share two simple suggestions for how we can use them effectively.
Suggestions for the 20M ASTR Tokens
Add Them to the ACS Campaign: Using these tokens in the ACS campaign would reduce the treasury’s contribution from 100 million to 80 million. This makes good use of existing resources and shows responsible management.
Burn Them to Reduce Supply: Burning these tokens would lower the total supply, increasing scarcity and generating positive attention for ASTR. A burn event could also be a strong way to promote the ecosystem and attract new users.
Why This Matters
Many ASTR holders are hoping for an increase in token value, but this won’t come from current holders alone. Most of the tokens are on exchanges or tied up in staking. To grow, we need to bring in new users and encourage more on-chain activity. Using these 20 million tokens wisely can help achieve that.
These tokens align perfectly with the ACS campaign’s goals of attracting new users and encouraging existing holders to participate on-chain. Whether we integrate or burn them, they can make a big impact with minimal effort.
I believe that the ACS campaign + burning would be essential to draw the market’s attention to ASTR — it’s time to take advantage of the liquidity frenzy sparked by the TRUMP token in the market, which will soon rotate into other altcoins. Burrrrrrrn!
If it does not compromise the ASTRs that can be used in the ACS campaign, I am in favour of burning them.
It’s not a lot (about $1.2m at current value), but in my opinion it would give a small jolt to the ACS campaign to attract users, and any small action is what we need in this delicate market moment and in Astar’s evolving position
I really liked the idea.
As I mentioned previously, we need to focus on retail and generate demand for the ASTR token.
I believe that this way we can attract attention from both sides (Speculators and Programmers)
This is an opinion that is heard very often and since we already have several tokens scheduled for distribution among participants (which could add further selling pressure) I believe that this time the best solution is to burn the tokens with a marketing promotion on X. The double initiative (ACS + Burn) in my opinion could generate a lot of interest since participants will already know they will receive a token that will decrease the circulating supply.
