Aster Chain staking feature launched, dual reward mechanism empowers the $ASTER ecosystem.
PANews reported on March 20 that Aster announced the official launch of the Aster Chain staking function. This marks a core empowerment upgrade for the $ASTER token following the airdrop and buyback program, and is gradually building a closed-loop ecosystem that allows long-term holders to benefit from the protocol's growth.
Starting today, users can delegate their $ASTER tokens to validators and flexibly choose the lock-up period, earning weekly rewards through a dual mechanism of Base Rewards and Loyalty Rewards:
- Base reward: 150,000 $ASTER tokens initially. Users earn these tokens by delegating them to validators, with the yield depending on the validator's transaction processing volume and the user's staking percentage.
- Loyalty Rewards: Initial 300,000 $ASTER, plus additional subsidies from the platform's buyback program. Users can lock $ASTER (for up to 208 weeks) to redeem veASTER. Reward weighting is determined by the amount locked, the duration of the lock-up, and trading volume.
To ensure network security, Aster Chain initially partnered with Trust Wallet, BNB Chain, World Liberty Financial, Lista DAO, and PancakeSwap as validators, working together with the Aster Foundation to safeguard node security. Users simply need to log in to the staking page, select a validator, enter the amount to stake, and confirm the lock-up period to complete the process.
The staking cycle runs Monday through Sunday, UTC time. Users must complete their staking before 00:00 UTC on Monday to ensure eligibility for the next cycle's reward settlement. For detailed staking guidelines and technical instructions, please refer to the official documentation.
You May Also Like
The Channel Factories We’ve Been Waiting For
Gold continues to hit new highs. How to invest in gold in the crypto market?
