1.3M $ASTER token bought back and distributed to stakers for the first 5 days under the new tokenomics after the first epoch.
Yields are getting juicier for stakers. High yield attracts more staking and locks up real circulating supply.
Stake your $ASTER to share 99% of the income generated on @Aster_DEX https://t.co/jVv3rPnWqe
First bi-weekly burn coming soon.
[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: https://t.co/NU0NXQPPch
Community, $Aster Stakers and Hodlers, we have heard your feedback and I'm proud to announce one of the biggest tokenomics upgrade yet:
- Automatic, fully transparent daily buybacks with 99% of platform fees verifiable on Aster Chain
- 100% of the buybacks are used to fuel boosted rewards for stakers
- We are burning the same amount of tokens (99% of the fee income) with the goal of reducing supply to 3B
- 100% of the fund received for spot permissionless listing goes to buyback and adds to rewards for stakers
The team will continue to improve our product with the goal of generate more value for our users, capture and distribute that value to $Aster holder. Stay tuned for more product upgrade.
Aster coded.
Permissionless listing on Aster, now on Spot.
Any token on Binance Spot or Alpha can apply to list on Aster Spot.
The listing goes to an on-chain validator vote, weighted by staked $ASTER, the same decision layer behind Listing Vote. Validators decide what lists.
Toward the frontier of on-chain trading, on one open layer.
Apply: https://t.co/XJzYQ3hO4v