# Aster

> The Next-Gen Perp DEX for All Traders

Aster is a decentralized exchange for perpetual and spot trading across multiple blockchains with hidden orders and aggregated liquidity.

Aster is a decentralized exchange for derivatives and spot markets across multiple blockchains. Users can trade with a simplified one‑click mode or a pro order book with tools like hidden orders and grid strategies. The platform aggregates liquidity and keeps assets non‑custodial for control and clarity.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2024-05-01
- Profile: https://thegrid.id/profiles/aster

## Products

- [Aster Earn](https://thegrid.id/profiles/aster): Aster Earn is a yield product suite that mints yield‑bearing tokens such as asBNB, asBTC, asUSDF, and asCAKE, designed for on‑chain strategies while keeping assets liquid. (Yield Aggregator, Live)
- [USDF](https://thegrid.id/profiles/aster): USDF is a stablecoin issuance system within the Aster ecosystem designed to hold a stable value and integrate with trading and yield workflows. (Stablecoin Issuer, Live)
- [Aster Perpetual](https://thegrid.id/profiles/aster): Aster Perpetual is a decentralized derivatives platform offering both professional order book trading with advanced features like hidden orders and grid strategies, and a simplified one-click interface for streamlined high-leverage perpetual trading. (Derivatives , Live, Main Product)
- [Aster Spot](https://thegrid.id/profiles/aster): Aster Spot is a trading interface with an order book and post‑only/TIF options for non‑leveraged cryptocurrency trades. (Centralised Exchange, Live)

## Assets

- [ASTER (ASTER)](https://thegrid.id/profiles/aster): ASTER is the governance token of Aster, a decentralized exchange operating on BNB Smart Chain. It is used to vote on protocol upgrades, fee structures, treasury deployment, and chain expansion decisions. Protocol revenue is routed toward buybacks and staking rewards, creating a feedback loop intended to support value over time rather than rely purely on emissions. (Governance)
- [USDF (USDF)](https://thegrid.id/profiles/aster): USDF is a USD-pegged stablecoin issued by Aster. It is used as collateral for perpetual trading on Aster's decentralized exchange and can be staked to earn yield. The underlying USDT collateral is deployed in delta-neutral strategies that simultaneously hold long spot positions and short perpetual futures to generate yield while minimizing exposure to price volatility. (Stablecoin)
- [asBNB (ASBNB)](https://thegrid.id/profiles/aster): ASBNB is a liquid staking token representing staked BNB on Aster Earn. It is used as collateral for trading and to earn passive income through staking rewards. When users stake BNB or slisBNB, the assets are converted to clisBNB by Lista DAO and used to participate in Binance Launchpools, with rewards increasing the net asset value of ASBNB. (Liquid Staking Tokens (LSTs))
- [asBTC (ASBTC)](https://thegrid.id/profiles/aster): ASBTC is a liquid staking token representing staked BTC on Aster Earn. It is used to earn yield through stable trading strategies deployed by the protocol, and can be redeemed back to BTC at any time. The returns generated from the strategies are distributed back to holders and reflected in the net asset value of asBTC, allowing users to maintain liquidity while their Bitcoin generates returns. (Liquid Staking Tokens (LSTs))
- [asUSDF (ASUSDF)](https://thegrid.id/profiles/aster): ASUSDF is a liquid staking token representing staked USDF on Aster Earn. It is minted by staking USDF and automatically accrues value as rewards are reflected in the net asset value. Yield is generated from delta-neutral positions that back USDF, which involves the collection of funding fees. (Liquid Staking Tokens (LSTs))
- [asCAKE (ASCAKE)](https://thegrid.id/profiles/aster): ASCAKE is a liquid staking token representing staked CAKE on Aster Earn. It is used to earn yield from veCAKE staking rewards and voting incentives on PancakeSwap. The staked CAKE converts into veCAKE, which generates yields from pool rewards and voting rewards, with these returns reflected in the net asset value of asCAKE. (Liquid Staking Tokens (LSTs))

## Links

- [Main](https://asterdex.com)
- [Documentation](https://docs.asterdex.com)
- [Media Kit/branding](https://docs.asterdex.com/brand-and-community/aster-media-kit)
- [Terms of Service](https://docs.asterdex.com/about-us/aster-terms-and-conditions)
- [Privacy policy](https://docs.asterdex.com/about-us/aster-privacy-policy)
- [Blog](https://medium.com/asterdex)
- [Twitter / X](https://x.com/Aster_DEX)
- [Telegram](https://t.me/AsterDEX)
- [Discord](https://discord.gg/asterdefi)
- [GitHub](https://github.com/asterdex)

## Relationships

- [APX Finance](https://thegrid.id/profiles/apx_finance): Subsidiary

## Legal

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The following applies to both licensing models.
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP