86.9K @beincrypto aster-2:native jumped after Aster expanded its buyback program.
The perp DEX says 99% of daily platform fees will now go into automatic aster-2:native buybacks for veASTER stakers, with an equal amount burned from reserves.
That means platform revenue now feeds directly into:
- buybacks
- loyalty rewards
- supply burns
- long-term staker incentives
Aster says burns will continue until total supply falls toward 3B aster-2:native.
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609.9K @heyibinance Star bought 8M impressions on X all just to warm up the audience for Aster.
@Asster_dex @Leonard_Aster @Ccweb3hub88
Star bought 8M promotion for Aster, you guys... ? @cz_binance
308.2K @Aster_DEX [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: 0x39C473f4420
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24.4K @TC8880 Family, finally broke even!
My 3x long on aster https://t.co/rf4Mga1Aqs
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