Astar (ASTR), the cross-chain Web3 collective network, has unveiled Astar Surge, an innovative pre-deposit campaign set to accelerate the integration with Soneium, according to the updates shared with Finbold on Friday, December 13.
The campaign will help bring ASTR tokens to Soneium’s Ethereum (ETH) Layer-2 (L2) and lay the groundwork for a successful mainnet launch.
Launching on December 18, the campaign will thus allow ASTR token holders to earn rewards while helping Astar’s expand its Web3 ecosystem.
Picks for you
The Astar Surge campaign
During the Astar Surge campaign, ASTR holders can deposit their tokens into specially designed contracts on Astar’s Layer-1 (L1) network.
By depositing their tokens, holders earn points for each Soneium decentralized application (dApp) that they engage with.
The points can later be redeemed for new project tokens during token generation events (TGEs).
As such, the model gives early adopters an incentive to help boost ecosystem growth and adoption.
Maarten Henskens, Head of Astar Foundation, remarked on the platform’s commitment to bringing Web3 solutions to a global audience:
“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.’
Henskens continued:
“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.”
Astar’s collaboration with Soneium
A number of Soneium projects — such as Yay!, Sake Finance, Untitled Bank, SoneX, and Kyo Finance — are joining working together with Astar to implement pre-deposit contracts.
These collaborations are expected to enhance the total value locked (TVL) and give each project more visibility in the period before Soneium’s mainnet launch.
The liquidity generated through these contracts will ensure the new infrastructure is sufficiently well-prepared from day one.
Astar Network security
The contracts used in the campaign are the work of Sake Finance, and they have been audited by PeckShield.
Thanks to ERC-6551 token-bound accounts, users will retain ownership of their tokens and keep them in secure contracts until the Soneium mainnet launch.
Once ASTR or ASTR liquid staking tokens (LSTs) are deposited, the protocol creates a token-bound smart contract account, which locks the assets but keeps the associated non-fungible token (NFT) in the user’s control.
Following the mainnet launch, users will unlock their assets by signing transactions and updating bridge contracts via, for example, LayerZero and Chainlink CCIP.
