[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
What happened with @gmtrade_xyz . Is not working properly today. My orders doesn't display, is too slow today I can't even open new positions Where can I find the support?
🇬🇷GREECE TO TAX CRYPTO GAINS AT 15%
Crypto investors in Greece will reportedly pay a flat 15% capital gains tax once the government’s new framework takes effect.
Taxpayers may also be required to report their crypto holdings and gains before June 30.
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GMTrade is carrying Solana perps. So why push fully onchain? 👇
Solana perps on DefiLlama:
• $2.1B 24h volume
• $70.2B 30d volume
• $411M open interest
@gmtrade_xyz alone:
• $1.06B 24h volume
• $51.7B 30d volume
• $238M open interest
That is around 49% of Solana’s 24h perp volume, 74% of its 30d volume, and 58% of its OI
GMTrade deserves credit
It comes from the @GMX_IO ecosystem, one of the main DeFi perp protocols from the Ethereum ecosystem, originally launched on Arbitrum
GMTrade brings a GMX-style, pool-based perp model to Solana, with crypto and RWA markets
→ Traders open positions against liquidity pools. That proves demand is already here
Fully onchain venues like @PhoenixTrade aim for a different structure:
• orders
• matching
• cancellations
• settlement
• price discovery
all moving onchain
→ That matters because Solana is not just where DeFi models are imported, but where they can be rebuilt better
This is not GMTrade vs Phoenix.
Solana needs both:
• GMTrade-style venues proving demand today
• Phoenix-style venues showing what Solana-native exchanges can become
Maybe the answer is not one model, but a full perps arena.
(Foundation article in the first comment) 👇
https://t.co/vM1mFTJVZm
Everyone is welcome in @UnityAcademy
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Crypto, forex and metals
Realest mf out there showing up everyday to the job
I dont care what people are saying about Solana. The truth is #SOLANA can onboard new people with less money because of the less fees and because as a blockchain have everything, almost all the cryptos to trade from $BTC $ETH even $ZEC or $MON to memecoins, have defi and perps.
Hot take: The DEX war is fighting the wrong enemy. This should not be DEX vs DEX. This should be DEX vs CEX (Binance).
Can you imagine if more DEXs used Hyperliquid's Order Book? The fee structure on HL means there's plenty of margin to share for the sake of a DEX being profitable. Pick the dominant DEX order book, everyone bridge into it or build on top of it.
Yes, this doesn't give any benefit to someone's native L1. But as is all too often the case in crypto we are fighting the wrong battle. And the forces that truly threaten our existence benefit from that. Imagine the glee felt in the Binance board room as they look down from their tower and see the decentralized folks all fighting with each other for table scraps.
Why would anyone ever buy $ETH or $SOL now that $HYPE exists?
Genuine question
Eth's primary usecase is for the EthFND to sell
Sol has an unlimited supply and just keeps printing more $SOL every year
Meanwhile $HYPE buys back millions every day and burns it all
Hyperliquid