[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:
docs.asterdex.com/usdaster-t…