ASTRA Staking is Live ― How to Stake ASTRA, iTokens, and LP Tokens
Astra DAO
0x0035
August 24th, 2022

We are pleased to announce the launch of staking at Astra DAO, allowing you to multiply your ASTRA holdings by staking your tokens.

Our goal is to enable all types of users to take full advantage of the platform's features.

The same is the case with staking, allowing token holders of all types to earn rewards.

ASTRA, iToken, and LP token holders all can earn passive yield by staking their value.

Astra DAO’s staking protocol recognizes the value of long-term holding, even if the held assets are small.

Astra DAO Staking Model

Astra DAO provides two staking options:

  1. No Lockup vaults, within which ASTRA, iTokens, or LP tokens are staked for no specific duration.
  2. Lockup vaults, ASTRA tokens are staked for 3, 6, 9, or 12 months. Astra DAO staking rewards will begin with only 3 months lock-up vaults. Other lockup vaults will be implemented after 3 months.

Each holder’s staking score determines their reward issuance rate (where a higher staking score means increased rewards). The staking score is influenced by a wallet's average ASTRA holdings over the last 60 days and the intended staking duration. Additional multipliers can also affect this score.

Only ASTRA can be moved to lockup vaults (locked for 3, 6, 9, or 12 months). ASTRA within these vaults can receive up to 2.5x accelerated rewards and gain voting power within Astra DAO’s governance protocol. Locked ASTRA cannot withdraw before completing the specified duration.

To withdraw ASTRA, iTokens, and LP tokens from no-lockup vaults, stakers must wait seven days and then confirm to withdraw within a 24-hour time window.

Additionally, staking rewards do not automatically compound. Instead, the rewards need to be manually claimed. To claim 100% of the rewards, investors must re-stake and lock their claimable ASTRA for 90 days.

Claiming ASTRA rewards early causes slashing (whereby a percentage exit fee is taken from the rewards capital and redistributed to index creators and stakers). The slashing fee starts from 90% on the 1st day of the rewards claim and decreases by 1% daily over 90 days until achieving 0%.

How To Stake ASTRA Tokens

Connect your wallet and click the “Staking” tab in the site header to stake your ASTRA. The Astra DAO Rewards page includes the ASTRA, iToken, and Liquidity Mining staking directories. Click the “Stake Astra” option.

This brings you to the ASTRA token staking page. This page includes all ASTRA staking parameters, including staking score, reward multiplier, the amount staked, and claimable rewards.

To stake ASTRA, enter the amount and choose the lockup duration. In this example, I staked 1,000 ASTRA in a six-month lockup vault.

For the potential to increase ASTRA staking rewards, stakers can add to their total ASTRA staked and increase their staking duration. The staking score is additionally affected by the reward multiplier (which can be read about in Astra's technical documents here) along with the payment conversion bonus.

How To Stake iTokens

iToken staking rewards are distributed based on each holder’s percentage share of index holdings and applicable multipliers. (For example, a holder who owns 25% of an index will receive 25% of that index’s staking rewards).

Unlike ASTRA tokens, duration does not affect iToken staking rewards. Instead, iToken rewards are distributed from Astra DAO’s liquidity mining rewards pool, which updates every three months.

To stake iTokens, connect your wallet and navigate to the “Staking” page and press “Stake iTokens for ASTRA.”

Next, enter the number of iTokens you want to stake and press “approve.” In this example, I chose to stake all of my ‘Moon Index’ iTokens.

A seven-day wait period and 24-hour approval process are necessary to unstake iTokens. If the approval transaction is not signed within the 24-hour approval window, the cycle repeats until successful.

Additionally, iToken staking rewards do not automatically compound. Instead, the rewards need to be manually claimed. To claim 100% of the rewards, investors must re-stake and lock their claimable ASTRA for 90 days.

Claiming ASTRA rewards early causes slashing (whereby a percentage exit fee is taken from the rewards capital and redistributed to index creators and stakers). The slashing fee starts from 90% on the 1st day of the rewards claim and decreases by 1% daily over 90 days until achieving 0%.

How To Stake LP Tokens (Liquidity Mining)

Astra DAO rewards all DAO participation, including Liquidity Provision! After providing liquidity to a DEX pool, investors can stake their LP tokens to earn bonus ASTRA yield.

LP token staking rewards (also known as 'Liquidity Mining') are calculated based on a holder’s percentage share in a liquidity pool and applicable multipliers. To stake LP tokens, connect your wallet and navigate to the “Staking” page and press “Liquidity Mining”.

Astra DAO’s Liquidity Mining page displays all reward-bearing liquidity pairs, the total pooled liquidity, ASTRA price, 24-hour volume, the percentage of ASTRA supply staked, and the average LP token staking APY. To participate in Astra DAO's Liquidity Mining rewards, expand the details from your desired pool and press ‘Add Liquidity.’

This link brings you to the correlating DEX interface, where liquidity providers can swap their value for LP tokens. See here to learn more details about providing liquidity to a decentralized exchange. In this example, I offered 10,000 ASTRA and a small amount of DAI to the ASTRA/DAI liquidity pool on Uniswap.

To stake your LP tokens for passive yield, find your liquidity pool on Astra’s Liquidity Mining page, expand details, and press ‘Stake LP Tokens.’

The same multipliers that affect the iTokens staking score are applied to LP staking rewards. If applicable, these multipliers are calculated through Astra DAO’s Loyalty Appreciation Program.

A 7-day cool-down period and 24-hour approval are necessary to unstake LP tokens. Additionally, LP staking rewards do not automatically compound. Instead, the rewards need to be manually claimed.

Additionally, LP staking rewards do not automatically compound. Instead, the rewards need to be manually claimed. To claim 100% of the rewards, investors must re-stake and lock their claimable ASTRA for 90 days.

Claiming ASTRA rewards early causes slashing (whereby a percentage exit fee is taken from the rewards capital and redistributed to index creators and stakers). The slashing fee starts from 90% on the 1st day of the rewards claim and decreases by 1% daily over 90 days until achieving 0%.

Claim ASTRA Rewards

ASTRA rewards earned from lockup vaults (ASTRA staked for 3, 6, 9, or 12 months) are automatically compounded. Upon completion of the lockup duration, stakers receive their initially locked capital and rewards.

ASTRA rewards earned from no-lockup vaults (staked for no specific duration) must be manually claimed. To claim 100% of the rewards, investors must re-stake and lock their claimable ASTRA for 90 days. Claiming ASTRA rewards early causes slashing (whereby a percentage exit fee is taken from the rewards capital and redistributed to index creators and stakers). The slashing fee starts from 90% on the 1st day of the rewards claim and decreases by 1% daily over 90 days until achieving 0%.

ASTRA, iTokens, and LP Token Staking Withdrawal

A withdrawal from a lockup vault contract unstakes all tokens (partial withdrawals are impossible) and resets the user’s staking score to 0.

To withdraw ASTRA, iTokens, and LP tokens from no lockup vaults (not staked for any specific duration) stakers must wait through a seven-day cool-down period. After completing seven days, stakers must again confirm to unstake their capital within a 24-hour time window to successfully unstake. If the user fails to do this, the cooldown period is reset to another seven days. This process repeats until the amount is withdrawn.

Notes:

  • ASTRA USD values on the website are not live yet and will dynamically update once the token is added on CoinGecko
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