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Aster 🥷
@Aster_DEX
The Next-Gen Perp DEX for All Traders Backed by @yzilabs
Joined May 2024
122 Following    306.7K Followers
[Tokenomics Update] $ASTER Buyback and Burn Steps Up to 198% Aster is upgrading its buyback so the platform's own activity both rewards stakers and sets $ASTER on a deflationary path. Starting from 12:00 PM UTC today, 99% of Aster's daily platform fees buy back $ASTER. An equal amount of $ASTER is burned from reserve, matching the buyback one for one. The bought-back $ASTER goes to stakers. Each epoch it is added to Loyalty Rewards (300K $ASTER base, plus the buyback amount), distributed to veASTER by lock weight. The burn takes team allocation first. $ASTER launched with a total supply of 8,000,000,000. The burn continues until total supply reaches 3,000,000,000. Buybacks run automatically via TWAP across each day and settle on-chain. The buyback and the burn are both public and verifiable: - Buyback wallet: 0xa0edBaBcb48034e368de286b49F9603C7AfA1b60 Every permissionless listing on Aster Spot pays a 50,000 USDT fee, used to buy back $ASTER as extra staking rewards. - Listing fee wallet: 0x39C473f4420e4ae9Ab3fe9e7ceDFc08F9684bB1a Docs:
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