Question 1

What is Aster?

Accepted Answer

Aster is a decentralised perpetual exchange that combines derivatives trading, spot markets, and yield tools into a single multi-chain platform. It was formed through the merger of two earlier projects: Astherus, focused on yield infrastructure, and APX Finance, which developed perpetual trading infrastructure. Aster currently supports networks including BNB Chain, Ethereum, Arbitrum, and Solana.

The exchange offers two user modes: Simple Mode, designed for straightforward trading with anti-MEV execution, and Pro Mode, which provides advanced features such as a full order book, hidden orders, and additional trading tools. The platform also supports capital efficiency by allowing the use of yield-bearing assets (e.g., asBNB) and interest-accruing stablecoins (e.g., USDF) as trading collateral. Hidden orders are available to limit information exposure in public order books.

Protocol governance is token-based, and the platform is structured to accommodate both retail and advanced users.

Question 2

What is Aster (ASTER) token used for?

Accepted Answer

ASTER is the native governance and utility token of the Aster protocol. Its primary functions include:

1. **Governance:** Token holders can vote on proposals related to protocol upgrades, emission schedules, and treasury management.

2. **Incentives and rewards:** ASTER is distributed to traders, liquidity providers, and participants through point-based systems and airdrops. An initial 704 million token airdrop took place at the token generation event (TGE) on 17 September 2025.

3. **Capital efficiency mechanisms:** ASTER may be used in conjunction with other assets as collateral within the trading system.

4. **Potential fee discounts or feature access:** Subject to future governance decisions, ASTER may enable access to lower fees or advanced trading features.

Question 3

Who created Aster (ASTER)?

Accepted Answer

The ASTER token was introduced by the team behind the Aster protocol, following the merger of Astherus and APX Finance. The unified project launched ASTER to consolidate value and functionality across both initiatives.

The team is pseudonymous. Publicly known contributors include:

- **Leonard** – CEO, responsible for strategic development and public communication.
- **Dust** – Core contributor involved in coordination and rebranding efforts.

Aster is incubated by **YZi Labs**, formerly known as Binance Labs, which provided early-stage support to the project.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	ASTER-USDT ASTERUSDT	bybit	A	0.7108USDT	1.33%	14,076,650.19ASTER	14,106	0.7015USDT	0.7144USDT
2	ASTER-USDT ASTER-USDT	kucoin	BB	0.7115USDT	1.41%	8,651,629.97ASTER	14,525	0.7016USDT	0.7147USDT
3	ASTER-USDT ASTER_USDT	gateio	A	0.7106USDT	1.30%	5,825,486.70ASTER	19,785	0.7015USDT	0.7144USDT
4	ASTER-USDT ASTERUSDT	binance	AA	0.7107USDT	1.30%	5,525,767.85ASTER	49,052	0.7016USDT	0.7146USDT
5	ASTER-USDT ASTER_USDT	whitebit	BB	0.7100USDT	1.27%	1,829,817.13ASTER	7,545	0.7010USDT	0.7143USDT
6	ASTER-USDC ASTERUSDC	binance	AA	0.7104USDC	1.34%	972,766.92ASTER	6,251	0.7010USDC	0.7136USDC
7	ASTER-USDT ASTER-USDT	okex	A	0.7108USDT	1.33%	782,209.01ASTER	6,359	0.7015USDT	0.7144USDT
8	ASTER-USDT ASTERUSDT_SPBL	bitget	BB	0.7115USDT	1.32%	446,854.60ASTER	3,247	0.7022USDT	0.7145USDT
9	ASTER-USD ASTER-USD	coinbase	AA	0.7106USD	1.28%	400,614.70ASTER	1,210	0.7016USD	0.7134USD
10	ASTER-USD ASTERUSD	kraken	AA	0.7105USD	1.30%	329,603.80ASTER	590	0.7013USD	0.7132USD
11	ASTER-EUR ASTEREUR	kraken	AA	0.6349EUR	1.26%	191,382.40ASTER	163	0.6270EUR	0.6371EUR
12	ASTER-TRY ASTERTRY	binance	AA	35.35TRY	1.58%	104,967.19ASTER	1,026	34.80TRY	35.51TRY
13	ASTER-USDC ASTER-USDC	okex	A	0.7097USDC	1.23%	103,549.03ASTER	2,147	0.7010USDC	0.7133USDC
14	ASTER-USDT ASTERUSDT	cexio	BB	0.7120USDT	1.35%	53,619.14ASTER	473	0.7025USDT	0.7130USDT
15	ASTER-USD asterusd	bitstamp	AA	0.7123USD	1.21%	48,784.39ASTER	85	0.7038USD	0.7123USD
16	ASTER-IDR ASTERIDR	binance	AA	12,920.00IDR	1.44%	9,607.89ASTER	61	12,736.00IDR	12,920.00IDR
17	ASTER-USD1 ASTERUSD1	binance	AA	0.7103USD1	1.33%	7,738.40ASTER	38	0.7010USD1	0.7126USD1
18	ASTER-EUR ASTER-EUR	okex	A	0.6359EUR	1.45%	7,007.65ASTER	86	0.6268EUR	0.6359EUR
19	ASTER-THB ASTERTHB	binance	AA	23.99THB	1.95%	2,165.52ASTER	16	23.53THB	23.99THB
20	ASTER-U ASTERU	binance	AA	0.7082U	1.24%	1,360.60ASTER	7	0.6995U	0.7082U
21	ASTER-TRY ASTER-TRY	okex	A	34.13TRY	-1.87%	90.39ASTER	1	34.78TRY	34.78TRY
22	ASTER-USDC ASTERUSDC	cexio	BB	0.7099USDC	0.99%	67.55ASTER	2	0.7030USDC	0.7099USDC
23	ASTER-USD ASTERUSD	cexio	BB	0.7002USD	-0.52%	38.89ASTER	1	0.7038USD	0.7038USD
24	ASTER-EUR astereur	bitstamp	AA	0.6250EUR	0.00%	0ASTER	0	0.6250EUR	0.6250EUR
25	ASTER-THB THB_ASTER	bitkub	C	23.84THB	1.27%	14,070,312.75ASTER	14,092	23.54THB	24.30THB
26	ASTER-USDT ASTER_USDT	coinw	-	0.7110USDT	1.34%	3,100,786.04ASTER	15,584	0.7017USDT	0.7146USDT
27	ASTER-USDT sASTERUSDT	phemex	C	0.7095USDT	0.97%	1,135,340.90ASTER	5,476	0.7027USDT	0.7155USDT
28	ASTER-USDT ASTERUSDT	mexc	C	0.7108USDT	1.31%	854,561.52ASTER	18,440	0.7016USDT	0.7144USDT
29	ASTER-USDC ASTERUSDC	bitrue	D	0.7100USDC	1.14%	764,586.46ASTER	7,503	0.7020USDC	0.7150USDC
30	ASTER-USDT ASTER-USDT	bingx	D	0.7114USDT	1.38%	695,650.57ASTER	37,669	0.7017USDT	0.7135USDT
31	ASTER-USDT ASTERUSDT	toobit	C	0.7106USDT	1.28%	668,937.50ASTER	12,710	0.7016USDT	0.7146USDT
32	ASTER-USDT aster_usdt	lbank	C	0.7114USDT	1.41%	629,594.59ASTER	15,302	0.7015USDT	0.7146USDT
33	ASTER-USDT ASTER_USDT	bitunix	C	0.7112USDT	1.38%	563,476.80ASTER	13,668	0.7015USDT	0.7144USDT
34	ASTER-USDT aster_usdt	xtpub	-	0.7110USDT	1.28%	536,054.82ASTER	5,412	0.7020USDT	0.7150USDT
35	ASTER-USDT ASTERUSDT	bitrue	D	0.7112USDT	1.35%	476,926.59ASTER	7,609	0.7017USDT	0.7145USDT
36	ASTER-USDT ASTER_USDT	bydfi	-	0.7115USDT	1.43%	195,401.07ASTER	7,145	0.7015USDT	0.7144USDT
37	ASTER-USD ASTER-USD	btse	-	0.7105USD	1.37%	102,277.17ASTER	63,913	0.7009USD	0.7140USD
38	ASTER-IDR asteridr	indodax	E	12,891.00IDR	0.98%	99,111.69ASTER	574	12,766.00IDR	12,914.00IDR
39	ASTER-USDC ASTERUSDC	mexc	C	0.7110USDC	1.43%	79,571.85ASTER	3,052	0.7010USDC	0.7136USDC
40	ASTER-USDT asterusdt	huobipro	C	0.7116USDT	1.45%	74,083.61ASTER	1,080	0.7014USDT	0.7133USDT
41	ASTER-USDT ASTERUSDT	coinspro	D	0.7109USDT	1.41%	63,042.20ASTER	7,886	0.7010USDT	0.7149USDT
42	ASTER-PHP ASTERPHP	coinspro	D	45.13PHP	1.30%	62,670.98ASTER	7,906	44.55PHP	45.37PHP
43	ASTER-EUR ASTER-EUR	bitvavo	B	0.6346EUR	0.92%	47,827.63ASTER	91	0.6288EUR	0.6362EUR
44	ASTER-USDT ASTER-USDT	btse	-	0.7113USDT	1.40%	42,725.92ASTER	21,442	0.7015USDT	0.7143USDT
45	ASTER-USDT ASTER-USDT	bigone	-	0.7110USDT	1.12%	32,101.50ASTER	4,756	0.7032USDT	0.7167USDT
46	ASTER-KRW ASTER_KRW	bithumbkorea	-	947.00KRW	1.18%	27,637.73ASTER	90	936.00KRW	950.00KRW
47	ASTER-USDT ASTERUSDT	binanceusa	B	0.6899USDT	-1.63%	8,666.00ASTER	37	0.7013USDT	0.7013USDT
48	ASTER-USDC ASTER_USDC	cryptology	D	0.7106USDC	1.40%	6,340.87ASTER	422	0.7008USDC	0.7131USDC
49	ASTER-USDT ASTER_USDT	cryptology	D	0.7128USDT	1.52%	6,277.43ASTER	398	0.7022USDT	0.7142USDT
50	ASTER-USDC ASTER-USDC	btse	-	0.7107USDC	1.40%	4,216.68ASTER	3,113	0.7009USDC	0.7137USDC