Neemo Staked Astar
NSASTR
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NSASTR (Neemo Staked Astar) is a liquid staking receipt token deployed on Soneium and Astar Network that suffers from severe fundamental, development, and security impairments. In July 2025, Neemo Finance suffered a major security incident and exploit requiring governance intervention (Astar Referendum #27) and a partial reimbursement plan affecting nsASTR holders: "The Astar governance forum contains a 'Neemo Exploit Reimbursement Plan' thread (activity July 23, 2025) confirming Neemo Finance suffered an exploit." Following this incident, the protocol exhibits near-zero active development velocity, closed-source core repositories, and an absence of dedicated community channels. Furthermore, market liquidity and trading volume are negligible, alongside significant unaddressed gaps in tokenomics and governance documentation.
Development Activity
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Tokenomics
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Market & Use Case
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Team & Governance
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Security & Audits
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About Neemo Staked Astar (NSASTR)
NSASTR (Neemo Staked Astar) is a liquid staking receipt token developed by Neemo Finance for ASTR, operating on Astar Network and Soneium. Designed as a non-rebasing asset, the token increases in value relative to ASTR as dApp staking rewards accrue over time. Its intended utility is to provide liquidity and cross-network composability for staked ASTR without requiring users to lock their underlying capital.
The project was founded by Pritam Dutta and governed under a centralized corporate model, with Neemo Finance later being acquired by Zoth in September 2025. NSASTR maintains restricted secondary market presence, primarily trading on decentralized exchanges without major centralized exchange support. It exhibits near-zero daily trading volume, a low market capitalization, and a substantial price decline from its all-time high, while core protocol development remains closed-source with minimal verifiable commit velocity.
In July 2025, Neemo Finance suffered a major security incident and exploit. Following the breach, Astar Referendum #27 transferred ownership of the compromised dApp to the Astar on-chain treasury, securing 78 million ASTR during the infrastructure crisis. The team established a reimbursement plan securing approximately 204.283 million ASTR, which included a full refund for certain historical unstaking claims and a staged, partial reimbursement structure—featuring proposed 20% timed payouts—for affected nsASTR holders.