Key takeaways:
- Astar Network’s Pre-Deposit Campaign starts December 18, inviting ASTR holders to earn rewards and access Soneium’s ecosystem.
- Security-improved contracts ensure asset ownership during migration to Soneium’s mainnet.
- Major projects, including Sake Finance and Untitled Bank, collaborate to strengthen the Soneium ecosystem.
Pre-Deposit campaign supports ASTR holders and Soneium growth
Astar Network has announced the launch of “Astar Surge,” a Pre-Deposit Campaign aimed at expanding its integration with Soneium’s web3 ecosystem. Beginning December 18, the initiative enables 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 Token Generation Events (TGEs) of associated Soneium decentralized applications (dApps).
“Astar Surge represents a significant milestone in our mission to connect people to web3 and bring this technology to billions. By empowering our community with early access to groundbreaking Soneium dApps, we’re not only accelerating ecosystem growth but also ensuring a seamless transition to Soneium’s infrastructure. This collaboration underscores our commitment to driving global adoption of the Astar Network and its representative token, ASTR, creating lasting value for all current and future holders.”
—Maarten Henskens, Head of Astar Foundation
Collaboration with leading Soneium projects
Key projects collaborating on the campaign include:
- Sake Finance: Focused on simplifying DeFi through intuitive asset swaps and yield farming.
- Yay!: A social platform merging community-driven features with decentralized finance.
- Untitled Bank: Offering financial services such as lending, borrowing, and staking.
- SoneX: Optimizing token swaps with improved liquidity and scalability.
- Kyo Finance: Providing 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 ahead of the Soneium mainnet launch.
Secure and seamless asset migration
The Pre-Deposit Campaign integrates advanced security measures. Contracts developed by Sake Finance, audited by PeckShield, leverage ERC-6551 token-bound accounts, allowing participants to retain ownership of their assets throughout the migration process. Upon Soneium’s mainnet launch, assets will be seamlessly bridged to the new network via protocols such as LayerZero and Chainlink CCIP.
Participants will unlock their assets post-migration, depositing them into designated protocol contracts. This process ensures a smooth and efficient transition while fostering liquidity for the Soneium ecosystem.
The bottom line
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 sets a strong foundation for the Soneium mainnet launch. As Astar continues expanding its multi-layered technology solutions, this initiative underscores its role as a gateway for web3 innovation.
