nASTR is a Liquid Staking Derivatives (LSD) token derived from Algem's Liquid dApp Staking mechanism. nASTR allows users to stay liquid with their ASTR tokens and earn additional rewards across Astar Network's Defi ecosystem.
nASTR tokens are a liquid representation of ASTR tokens and are guaranteed by a 1:1 ratio. Each time a user deposits or stakes ASTR via the liquid staking solution, the Algem protocol mints an equal amount of nASTR tokens.
These tokens represent the user's share and rights to claim the underlying tokens.
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