DApp Staking Vote Ends

"Introducing the 'Move' feature on the Astar Portal, giving stakers more control over their staking position!"

Astar zkEVM, a layer-2 scaling solution for Ethereum using zero-knowledge proofs, is being phased out as Astar Network shifts focus to Soneium L2, a more scalable ecosystem announced in January 2025. The April 1, 2025, deadline for withdrawing assets reflects a broader trend in crypto where projects like Polygon and Optimism also pivot to newer tech, urging users to migrate to avoid fund loss. Astar’s mention of DeFi platforms like Quickswap and Bifrost highlights their role in providing liquidity on zkEVM, but users must now bridge assets like ETH and USDC to Ethereum via the Astar Portal.

Astar Network’s governance proposal #19, live on April 7, 2025, aims to adjust dApp Staking parameters by reducing BaseStakersPart from 25% to 10% and increasing AdjustableStakersPart from 40% to 55%, targeting lower inflation and a stable 50% staking APR.The changes address Astar’s tokenomics challenges, as current inflation is high when staking ratios are low, a common issue in layer-1 blockchains like Polkadot, which Astar benchmarks against, per the proposal’s forum discussion.ASTR holders face voting access issues, with EVM chain tokens excluded despite Astar’s support for both Native and EVM wallets, highlighting a governance friction point noted in user replies and Astar’s documentation.

Astar Network, a layer-1 blockchain focused on interoperability within the Polkadot ecosystem, proposed transferring its DAO Allocation to the newly formed Astar Finance Committee (AFC) to address challenges like sustained sell pressure on its native token, $ASTR, and limited treasury diversity.The AFC aims to generate sustainable revenue by strategies like providing $ASTR liquidity on lending protocols, staking in dApps, and investing in early-stage projects, with plans to burn or buy back $ASTR to mitigate inflation and support ecosystem growth.This governance proposal, live for voting on April 15, 2025, has garnered strong community support with 100% Aye votes (7.89M $ASTR) and zero Nay votes, reflecting confidence in the AFC’s potential to revitalize Astar’s ecosystem amidst its integration with the Soneium layer-2 network.