nASTR is a liquid token for ASTR which helps users stay liquid while staking. This is a liquid representation of the ASTR tokens and has the same price (1:1). Every time a user deposits or stakes ASTR via our liquid staking or liquid lending solutions, Algem mints an equal amount of nASTR tokens. These tokens represent the user's share and rights to claim the underlying tokens back.
nASTR is pegged to ASTR. Therefore dApps can implement the same use cases for this token and increase their liquidity.
