Astar Network Launches Pre-Deposit Campaign With Soneium to Ease Web3 Transition

The campaign will go live on December 18, aiming to ease the integration process and offer ASTR token holders the chance to earn rewards

Astar Network, a multichain smart contract platform that connects Web2 and Web3, has announced the launch of its Pre-Deposit Campaign in collaboration with Soneium. The campaign aims to ease the integration process and offer ASTR token holders the chance to earn rewards as they expand Astar's Web3 ecosystem.

The campaign will begin on December 18 and allow users to earn points by depositing ASTR tokens into specific contracts on Astar's Layer 1 network. These points can then be exchanged for tokens from a range of dApps in the Soneium ecosystem during their respective TGEs.

“Astar Surge connects people to Web3 and empowers our community through early access to innovative Soneium dApps, ultimately accelerating ecosystem growth and a smoother transition to Soneium's infrastructure,” said Maarten Henskens, Head of the Astar Foundation.

Partnership with Soneium Projects Guarantees Richer Liquidity

Leading Soneium projects, such as Sake Finance, Yay!, Untitled Bank, SoneX, and Kyo Finance, will be deployed with pre-deposit contracts by Astar. These contracts are designed to increase the Total Value Locked (TVL) and make the projects more noticeable within the Soneium ecosystem. Astar's collaboration will ensure easy access to liquidity, enabling a smooth migration to the Soneium infrastructure.

Security is an important area of focus with PeckShield, the leading blockchain security firm, auditing pre-deposit contracts. Utilizing ERC-6551 token-bound accounts will ensure users own their tokens while providing security for a smooth transition into Soneium's Ethereum L2 network. When the Soneium mainnet launches, users will be able to unlock their assets through interoperability protocols such as Chainlink CCIP and LayerZero.

Astar will eventually join Soneium's Superchain ecosystem to become a chain-agnostic Web3 service provider. This move will further enhance mass adoption of Web3 technology around the world as more Web2 users connect with Web3 users. The Pre-Deposit Campaign marks this transformation journey.