Aster (prev. Astherus) is a multi-chain decentralized perpetual exchange that offers two futures trading interfaces for beginners and advanced traders. According to the claims of the project, it will be powered by the native $AST token, yet the exact utility of it remains undisclosed.
At the same time, it runs an active points farming campaign, which is most likely to be the main criterion for receiving $AST airdrop in the future. Hence, our team prepared a guide for you on how to join the potential Aster retrodrop.
To participate in the potential Aster airdrop, as mentioned above, you need to farm Au points on the platform by engaging with the Aster DEX. Here are a few main ways you earn points:
Since Aster is a perpetual DEX in the first place, the most obvious action to farm Aster points would be trading perpetuals on Aster.
Use Aster as a main exchange for making your perpetual trades, or use a multi-account hedging strategy to reduce the exposure of the price (for example, set BTC long on one account and BTC short on another).
In addition to perpetual trading, you can also earn Au points for minting the native Aster stablecoin, $USDF.
According to the claims of the project, it employs a similar concept to Ethena’s $USDe, where the stablecoin is backed in a 1:1 ratio and only stakers have a risk of losing funds in the case of delta-hedging strategy fails to work out as planned. At the same time, you have the ability to farm up Au points with 20x leverage and even deposit $USDF in any of the LPs to get an APR from pools on DeFi.
You can maximize your yield return and points farming by staking the $USDF stablecoin to get an additional ~5% APR and $asUSDF in return. This $asUSDF can also be used across a few DEX protocols to acquire even more yield while still earning Au points.
Finally, you can also use the “Earn” section to acquire one of the yield-bearing assets backed by Aster and contribute them to the available LP across partnered DEXs.
If you are a $BTC, $BNB, and $CAKE holder or have any free stablecoins, this is not a bad option to earn an additional yield and Au points on Aster DEX. Just make sure to not put all your funds into those assets in the case of any of those assets ever depeg from their value on the original tokens.
Good Luck! 🍀
Visit the Aster DEX;
Connect your wallet;
Explore the main options to farm the Aster airdrop in the “how to join” block;
Keep farming Au points until the airdrop announcement;
Receive your $AST tokens.