Aster DEX (Astherus) (ASTER)

Aster (prev. Astherus) is a decentralized perpetual exchange on Ethereum, Binance Smart Chain, Arbitrum, and Solana with over $346M in TVL. It aims to facilitate the mass adoption of on-chain perpetual trading by delivering a secure, fast, and user-friendly interface within its platform.

This is mainly achieved thanks to the separation of the interface and its core features for beginners and pro traders, similar to the concept which centralized exchanges employ for a while (for example, Binance). It offers two trading modes for users, so that they can seamlessly switch at any moment: 

• AsterEX Pro: An advanced trading mode designed for on-chain veterans, giving them bigger control, smaller trading fees compared with CEXs, and wider flexibility over setting collateral for perpetual trading. At the same time, the Pro mode offers a wide range of advanced trading tools to enhance the efficiency of the trading process, like trailing orders, Grid bot, and more.
• AsterEX Simple: A simplified version of the DEX, offering high-leverage perpetual trading with up to 1001x for BTCUSD, support of hedging strategies, and dumb mode - a minute-by-minute price prediction feature.

On top of the perpetual trading, Aster DEX also delivers its own DeFi tools - AsterEarn and $USDF stablecoin. AsterEarn is a yield-focused protocol that features its own yield-bearing assets - $asUSDF, $asBTC, $asBNB, $asCAKE, and $ALP, as well as the unified yield explorer for LPs of the other DeFi protocols on supported networks.

Meanwhile, $USDF serves as a fully collateralized, yield-bearing stablecoin backed by the Aster crypto exchange that is used to power Aster’s neutral delta hedging strategy. In short, it works similarly to Ethena’s $USDe, where it backs $USDF with $USDT in a 1:1 ratio, and leverages the acquired $USDT from the users who decided to stake $USDF and earn rewards for yield farming on a delta-neutral trading strategy, sharing part of the profits with the stakers. 

🪙 Aster (Astherus) token: According to the Aster documentation, the native token of the Aster will be $AST, however, its utility hasn’t been disclosed yet. Nevertheless, our team assumes it will be mainly used for incentivizing trading on its platform and governance. 

What’s more, Aster runs an active points farming campaign in the “airdrop” section on its website, hinting at the Aster (Astherus) airdrop at the end of the campaign. 

Considering this info, the CoinLaunch team completely analyzed the Aster (Astherus) crypto project and found some notable pros and cons of it: 

✅ Aster pros:

• Not bad concept and design of the product;
• Presence of multiple security audits;
• Above the average SMM, SEO, Growth Marketing, and Influencer Marketing;
• Very High PR score;
• Backed by Binance Labs;
• Decent network of partners.

❌ Aster cons: 

• No tokenomics;
• Very low Marketing Infrastructure score;
• No info on raise amount;
• Limited info on the core team members.