Hello, to all.
We deployed the rewards/refund mechanism on Mainnet and deposited 50% of the rewards we received in May in the contract.
Here is the instructions page on how to claim rewards:
This is the address of the refunds smart contract:
I suggested to the Astar Degens representatives that we are in touch with to inform the community. I am sure that they will do so.
We will replenish the funds from our end at the end of June, unless there is a rush to bridge.
In that case, we will deposit 50% of the June dApp staking rewards we received in June into the wallet even before the end of the month.
The DAO will need to provide the remaining funds if necessary.
Refunds are configured manually at this point.
The available funds will be used for transactions that happened up to June 17th.
The next batch will happen at the end of June, provided that people have bridged.
We are working on a contract that will deduct the $5 fee from the dApp staking funds and the DAO funds, so the user will not have to pay anything.
This is not ready yet. We will deploy this later on.
Thank you for your dedication and transparency.
The Astar community truly appreciates this kind of approach — we’re glad to have builders like you onboard.
I just have one small request: could you please include in parentheses or brackets the project name that each topic refers to?
For example: * [NFT BRIDGES] Refund mechanism for Astar degens bridging*.
This would help keep the Forum cleaner and the topics more organized.
We are working on a way where there are ASTR funds in a contract, and when someone wants to bridge, the funds get deducted fro that contract and deposited into the bridge’s contract.
The funds in the contracts will be supplied by 50% of the staking rewards that NFT Bridges receives anf the rest by the Astar Degens DAO.
In that scenario, the holder does not need to send any ASTR at all.
But this is taking time to develop and test and we wanted to give users their money back sooner than later.
We will inform the community when this is deployed.
Thanks @Matt
As I mentioned in my last reply, we are working on a mechanism that would allow the users to bridge without using any of their ASTR tokens.
When it is ready, we will notify the community in this forum and on other channels.
Meanwhile, if you have already bridged, please claim your refund.
It’s essential that Astar Degens community members understand that the refund mechanism is in place and that they will receive their bridging fee back.
Thank you
I received different instructions from other members. That is why the update is here.
I was asked to post under Governance and tag the community council.
I will post wherever is preferred. Just let me know.
Thank you.