Intro:
nASTR is a Liquid Staking Derivatives (LSD) token derived from Algem's Liquid dApp Staking mechanism. nASTR allows users to stay liquid with their ASTR tokens and earn additional rewards across Astar Network's Defi ecosystem.
nASTR tokens are a liquid representation of ASTR tokens and are guaranteed by a 1:1 ratio. Each time a user deposits or stakes ASTR via the liquid staking solution, the Algem protocol mints an equal amount of nASTR tokens.
These tokens represent the user's share and rights to claim the underlying tokens.
Users can use nASTR in Algem's Liquidity Hub on partner dApps (for staking, lending/borrowing, LP, etc.)
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Issuer
Integrations
Explore apps and services using nASTR:
nASTR integrations
dApp
Use case
Link
LSD Utility
nASTR Price Feed (DIA xLSD)
To calculate the fair value-based price feed for nASTR the following methodology is used:
nASTR price = ASTR price * (ASTR in Algem’s staking contract / nASTR total supply)
- Calculate the price of ASTR using trade data from multiple sources and apply a Moving Average with Interquartile Range — MAIR methodology.
- Calculating the ratio between the deposited ASTR in Algem and the total supply of nASTR. To do so, we calculate:
- ASTR in the staking contract will be derived by calling the function read_staked_amount_on_contract on Astar DappsStaking contract
- nASTR total supply will be derived by calling the function totalSupply on nASTR token contract
Algem CDR (Custom Delivery Request) on DIA Forum:
Resources:
nASTR Contract Address:
Documentation:
CoinGecko:
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