The Astar Contribution Score (ACS) campaign is a strategic initiative by the Astar Foundation to incentivize active participation within the Soneium ecosystem. A significant portion of the ACS rewards — 70% — is allocated based on Total Value Locked (TVL) making the total reward size 70M ASTR, emphasizing the importance of liquidity in driving the ecosystem's growth.
TVL-Based Allocation Overview
The TVL-based allocation is designed to reward projects and users that contribute substantial liquidity to the ecosystem. Each day, 10 million ACS tokens are distributed among eligible projects, with settlements occurring every 12 hours at 00:00 UTC and you can check the updated website at 01:00 UTC. The distribution is proportional to the TVL each project maintains, ensuring that contributions are fairly recognized.
Eligible Projects and Assets
The following projects are currently eligible for TVL-based ACS rewards:
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Kyo Finance is a decentralized exchange (DEX) bringing liquidity to all IP tokens through configurable pools and an unparalleled user experience via batch operations. The platform supports ASTR swaps and liquidity pools (LPs) for trading and staking opportunities.
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QuickSwap is a next-generation layer-2 DEX and Automated Market Maker (AMM), facilitating seamless token swaps. ASTR is integral to swaps and liquidity pools, offering users seamless access to the decentralized exchange.
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Sake Finance empowers users with an overcollateralized stablecoin, a diverse lending protocol, and one-click strategies for optimized returns. Support for ASTR and ASTR LST collateralization allows for borrowing and lending within Sake Finance. ASTR can be used as collateral to mint SONE, Sake Finance’s decentralized overcollateralized stablecoin.
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SoneFi is a one-stop trading platform on Soneium, offering AMM spot swaps, perpetual futures trading with up to 50x leverage, pump-launch, and a dual-token growth flywheel. ASTR swaps and LPs are available for users to leverage their tokens.
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SoneX facilitates swaps and liquidity pools, expanding ASTR's use within the decentralized finance (DeFi) landscape. ASTR plays a key role in enhancing trading and liquidity on the platform.
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Sonus Exchange is a native ve(3,3) DEX with concentrated liquidity and provides support for ASTR swaps and liquidity pools, ensuring robust trading options within the ecosystem. By integrating ASTR, Sonus enhances liquidity and accessibility for users.
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Stargate Finance is a fully composable liquidity transport protocol at the heart of Omnichain DeFi, enabling cross-chain asset transfers.
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SynStation is a decentralized platform that leverages ASTR tokens to enhance its financial ecosystem. Users can stake ASTR as collateral to mint SynStation's stablecoin, GM, facilitating seamless transactions within the platform.
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Untitled Bank is a decentralized lending protocol within the ecosystem, allowing ASTR to be used for collateralization and borrowing, including leveraging ASTR liquid staking tokens (LSTs). This integration strengthens ASTR’s role in DeFi lending and borrowing.
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Velodrome is the liquidity hub of the Superchain and supports ASTR swaps and liquidity pools, making ASTR a crucial part of the platform’s trading ecosystem. Users can engage in liquidity provisioning and trading while utilizing ASTR’s benefits.
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WaveX is a DeFi platform specializing in perpetual trading. By supporting ASTR as collateral, WaveX allows users to leverage their ASTR holdings to engage in perpetual trading with high flexibility.
Eligible assets for contributing to TVL include ASTR, ETH, and USDC, amongst others. These assets are integral to the ecosystem's liquidity and are incentivized accordingly.
Participation Guidelines
To participate in the TVL-based ACS allocation:
- Provide Liquidity: Contribute eligible assets (ASTR, ETH, USDC, etc) to the liquidity pools of the aforementioned projects.
- Monitor Your Performance: Regularly check your contribution metrics and ACS rewards through the ACS Portal.
By actively participating and providing liquidity, users not only earn ACS rewards but also play a pivotal role in the growth and sustainability of the Astar and Soneium ecosystems.
Note: The list of eligible projects and assets is subject to change as the ecosystem evolves. Participants are encouraged to stay informed through official Astar channels. To prevent dust attacks, liquidity provisions earning less than 1 ACS per day will not be counted in the system.
To know more, read the full blog.