KEY TAKEAWAYS
- Astar Network launches Astar Surge to enhance ASTR token utility and support ecosystem growth starting December 18, 2024.
- The campaign allows ASTR holders to earn points redeemable for tokens during Token Generation Events, incentivizing early participation.
- Key Soneium projects like Sake Finance and Kyo Finance lead the initiative, deploying pre-deposit contracts to boost Total Value Locked.
- The campaign features ERC-6551 token-bound accounts, ensuring asset ownership and security, with infrastructure developed by Sake Finance.
Astar Network has announced the launch of Astar Surge, a campaign set to begin on December 18, 2024, aimed at enhancing the utility of ASTR tokens and supporting the growth of the Astar and Soneium ecosystems. This initiative, detailed here, is spearheaded by prominent Soneium projects.
The Astar Surge Pre-Deposit Campaign offers ASTR holders the opportunity to deposit their tokens into specific contracts on the Astar Network. Participants in this campaign will earn points for each participating Soneium decentralized application (dApp). These points can later be redeemed for tokens during the Token Generation Events (TGEs) of the respective projects, providing an incentive for early participation and contributing to ecosystem growth.
Strengthening ASTR’s Utility and Ecosystem Alignment
The primary goal of the campaign is to deepen the utility of ASTR tokens and foster a stronger alignment with the Soneium ecosystem. This initiative is part of the broader Astar Evolution 1.5 strategy, which aims to drive the adoption of ASTR within Soneium’s ecosystem and align the long-term goals of both networks.
As ASTR holders deposit their tokens, they accumulate points that can be exchanged for project tokens from participating Soneium dApps. This process potentially qualifies participants for broader ecosystem incentive campaigns on Soneium, ensuring that ASTR continues to gain utility across the ecosystem.
Key Projects and Technical Innovations
Leading the campaign are key Soneium projects such as Sake Finance, Yay!, Untitled Bank, SoneX, and Kyo Finance. Each project will deploy pre-deposit contracts on the Astar Network, increasing Total Value Locked (TVL) and visibility as the Soneium mainnet launch approaches.
The campaign introduces a robust technical foundation based on ERC-6551 token-bound accounts, ensuring participants retain ownership of their assets while interacting with the ecosystem. Each participant will interact with an Agent NFT, a smart contract wallet linked to their ownership, enhancing transaction integrity through a secure infrastructure developed by Sake Finance and audited by PeckShield.
Each protocol involved in Astar Surge has its own Agent NFT collection, AgentFactory, and related contracts, facilitating interaction and liquidity migration for its specific dApp. This innovative approach combines cutting-edge technology, modular infrastructure, and robust security features, positioning Astar Surge as a highly innovative and participant-friendly campaign.
Importantly, the campaign is a community and ecosystem-led initiative, not conducted or hosted by Astar Foundation or Soneium. Astar is committed to keeping the community informed through regular updates, project highlights, and interactive AMA sessions with dApp teams, fostering transparency and engagement.
The Astar Surge Campaign aligns with Astar’s broader vision to become a chain-agnostic collective within the Soneium and larger Superchain ecosystems. Making ASTR available on Soneium’s Ethereum L2 is a key milestone, paving the way for a successful Soneium mainnet launch.
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