Key takeaways:
- The Astar Network pre-deposit campaign starts on December 18 and invites ASTR holders to earn rewards and access the Soneium ecosystem.
- Security-enhanced contracts ensure asset ownership during migration to the Soneium mainnet.
- Large projects including Sake Finance and Untitled Bank collaborate to strengthen the Soneium ecosystem.
Pre-deposit campaign supports ASTR holders and Soneium growth
Red Astar has announced the launch of “Astar Surge”, a pre-deposit campaign aimed at expanding its integration with dreamThe web3 ecosystem of. Starting December 18, the initiative allows ASTR token holders to lock their tokens in specialized contracts on Astar’s Layer 1 network. Participants will accumulate points redeemable for project tokens during the Token Generation Events (TGE) of the associated Soneium decentralized applications (dApps).
“Astar Surge represents an important milestone in our mission to connect people to web3 and bring this technology to billions. By providing our community with early access to Soneium’s innovative dApps, we are not only accelerating the growth of the ecosystem, but also ensuring a seamless transition to Soneium’s infrastructure. This collaboration underscores our commitment to driving global adoption of Astar Network and its representative token, ASTR, creating lasting value for all current and future holders.”
—Maarten Henskens, director of the Astar Foundation
Collaboration with leading Soneium projects
Key projects collaborating on the campaign include:
- Finance for good: Focused on simplifying DeFi through intuitive asset swaps and yield farming.
- Hurrah!: A social platform that combines community-driven features with decentralized finance.
- Bank without title: Offer financial services such as loans, borrowings and betting.
- SoneX: Optimized token swaps with improved liquidity and scalability.
- Kyo Finance: Provide advanced DeFi tools including leveraged yield farming for ASTR holders.
Pre-deposit contracts are designed to increase visibility and total value locked (TVL) for these projects prior to the launch of the Soneium mainnet.
Secure and seamless asset migration
The Pre-Deposit Campaign integrates advanced security measures. Contracts developed by Sake Finance, audited by PeckShield, leverage accounts linked to ERC-6551 tokens, allowing participants to retain ownership of their assets throughout the migration process. Following the launch of the Soneium mainnet, assets will seamlessly connect to the new network via protocols such as LayerZero and Chainlink CCIP.
Participants will unlock their assets after the migration and deposit them into designated protocol contracts. This process ensures a smooth and efficient transition while fostering liquidity for the Soneium ecosystem.
The final result
Astar Surge reflects Astar Network’s commitment to improving accessibility and driving adoption within web3. By partnering with prominent Soneium projects and offering secure, incentivized participation, the campaign lays a solid foundation for the launch of the Soneium mainnet. As Astar continues to expand its multi-layered technology solutions, this initiative underscores its role as a gateway for web3 innovation.
