Aster Chain, a trading-focused layer 1 blockchain, has launched a staking feature. Users can delegate ASTER tokens to receive two types of rewards: a base reward and a loyalty reward.
Initial base rewards are set at 150,000 ASTER tokens and loyalty rewards at 300,000 ASTER tokens. Additional buyback subsidies are also supported. Users can lock up tokens for up to 208 weeks to obtain veASTER, and the longer the lockup period, the higher the reward weighting they can receive.
Initial validators include Trust Wallet, BNB Chain, World Liberty Financial, Lista DAO and PancakeSwap.
Earlier, Aster Chain officially launched its mainnet on March 17. The Aster blockchain, designed with a focus on trading, aims to break the 'transparency trap' around decentralised finance. Its strategy is to provide institutional-grade privacy and performance comparable to centralised exchanges for both professional traders and individual investors.
Chi-gyu Hwang
delight@d-today.co.kr