Algem Partnership With Kagla Finance
Algem Teams Up With Kagla To Give $nASTR Holders Additional Income Streams In Astar Network’s DeFi Ecosystem
Algem, the leading DeFi liquidity hub in the Astar Network and Polkadot ecosystem. The Algem partnership with Kagla Finance. Kagla is an AMM (Automated Market Maker) and StableSwap protocol on Astar Network with low slippage and transaction fees.
Through this partnership, Kagla officially supports the nASTR: ASTR pair in its farms and pools. This means you can go to Kagla’s app and provide nASTR:ASTR liquidity or perform swaps.
Earn Extra ALGM Incentives
To incentivize maximum participation in our campaign with Kagla, we are launching a 3-week campaign to give you extra rewards!
Here are the key highlights of the campaign:
Reward parameters:
- Pool: nASTR/ASTR
- Base reward: Based on the final voting result on Muu Finance.
- Extra rewards: 75,000 ALGM incentives allocated from Algem & extra incentives in KGL from Kagla Finance.
- Launch date: August 18th, 2022
- End date: September 8th, 2022
The Algem team will take daily snapshots during the 3 week campaign and distribute ALGM rewards based on user shares in the nASTR/ASTR pool after the ALGM TGE.
Guide
To understand how to use Algem, please visit our documentation.
- Step 1: First, you must have nASTR tokens by staking your ASTR tokens on Algem.
- Step 2: Once you have your nASTR, go to Kagla Finance dApp.
- Step 3: In the nASTR/ASTR pool, enter the liquidity you want to deposit and confirm.
We strongly recommend that you deposit the same amount of ASTR/nASTR as the pool balance (visible in the right column).
- Step 4: In return, you will receive 2AGL tokens representing your LP tokens;
- Step 5: Scroll down to the stake section, enter the amount of 2AGL you want to stake and confirm.
Congratulations and enjoy this farming campaign!
In order to receive the incentive rewards of the campaign between Algem & Kagla Finance, you must stake your 2AGL tokens!
About Kagla
Kagla Finance the leading AMM (Automated Market Maker) and StableSwap protocol on Astar Network with a low trading fee (0.04%).
“StableSwap” a DEX that focuses on stablecoins. By concentrating on stablecoins, you can swap with low slippage and fee.
About Algem
Algem a dApp built on Astar Network and offers two main features: liquid staking and liquid lending. As the name implies, these two solutions enable ASTR holders to remain liquid with their assets while putting them to work.
