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.

Website | Twitter |

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.

Website | Twitter |

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Algem, the leading liquidity hub in the Astar Network and Polkadot ecosystem, is pleased to announce Algem partnership with Starlay Finance & Kagla.

Through the partnership, Algem will collaborate for the integration of the nASTR token on the lending platform of Starlay Finance and the StableSwap protocol of Kagla.

With this collaboration, nASTR holders will be able to use and benefit from Starlay and Kagla’s technology to perform new defi and farming strategies with their nASTR tokens, such as depositing nASTRs on Starlay as collateral and then borrowing other assets.

Gradually bringing a maximum of integrations and new utilities to nASTR token is the first priority of Algem team. Starlay & Kagla are among the oldest projects in the Astar Network ecosystem and are therefore in essence key players with whom we need to collaborate for the growth of Astar.

About Starlay & Kagla

Starlay is a non-custodial lending protocol on Astar Network. Depositors can provide liquidity to earn interest as a stable passive income. Also, borrowers can leverage their assets without selling them out.

Kagla is a StableSwap protocol for Astar Network. Introducing veToken feature, users to be able to deposit a token then get veToken maximizing their reward up to x2.5.

Website | Twitter |

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 to work.

Website | Twitter |

Source

REQUEST AN ARTICLE

The post Algem Partnership With Starlay Finance & Kagla appeared first on Smart Liquidity Research.