Aster uniquely accepts liquid-staking tokens (asBNB) and yield-generating stablecoins (USDF) as collateral, unlocking capital efficiency. This allows users to trade with leverage while still earning yields on their collateral. The project is powered by Aster Chain, a high-performance, privacy-focused Layer 1 blockchain, and developed by YZi Labs. 

What is the Aster Project? 

Aster is a decentralized trading platform operating on BNB Chain, Ethereum, Solana, and Arbitrum. It offers high-leverage trading and advanced features like hidden orders. Simple Mode allows one-click trades, while Pro Mode enables 24/7 stock trading, hidden orders, and grid trading. 

Team & Founders 

Detailed information about Aster’s founders and team is not publicly disclosed. The project is supported by YZi Labs. 

Unique Advantages 

Aster stands out for using liquid-staking tokens (asBNB) and yield-bearing stablecoins (USDF) as collateral, increasing capital efficiency. Supported by the high-performance, privacy-oriented Aster Chain and backed by YZi Labs, Aster is building a fast, flexible, and community-driven DeFi ecosystem. 

Governance 

$ASTER token holders govern the Aster ecosystem, making decisions on the platform’s future and supporting community-driven growth. 

How the Project Works 

Aster is a DEX offering both spot and perpetual trading with two modes and capital-efficient features: 

• Simple Mode: MEV-free, one-click trades for beginners. 
• Pro Mode: Advanced tools like Hidden Orders and grid trading for professional users. 

Capital Efficiency 

• Liquid Staking Tokens (asBNB): Collateral while earning staking rewards. 
• Yield-Generating Stablecoins (USDF): Extra yield when opening positions. 

Multi-Chain Support 

• Trading across BNB Chain, Ethereum, Solana, and Arbitrum. 
• Aster Chain Infrastructure 
• High-performance, privacy-focused Layer 1 blockchain ensures fast and secure transactions. 

Key Features of Aster 

• Cross-Chain Trading: Trade on a single chain without bridging. 
• Unmatched Liquidity: Deep, combined liquidity for large, secure trades. 
• Advanced Tools: Hidden Orders for control, speed, and competitive advantage. 
• Confidence in Every Trade: Clear, user-friendly experience for beginners and pros. 

$ASTER Token 

At the core of the ecosystem is the $ASTER token, supporting decentralized governance, growth incentives, and long-term sustainability. 

• Token Name: Aster 
• Symbol: $ASTER 
• Max Supply: 8,000,000,000 $ASTER 

Token Allocation 

• Airdrop: 53.5% for traders, community, and ecosystem incentives. 
• Ecosystem & Community: 30% for APX holders migration pool, ecosystem grants, marketing, and initial liquidity. 
• Treasury: 7% for future strategic initiatives, operational reserves, and governance flexibility. 
• Team: 5% for core team and advisors, with cliff vesting. 
• Liquidity & Listing: 4.5% for exchange listings. 

Token Use Cases 

• Governance voting 
• Growth incentives 
• Participation rewards 
• Long-term ecosystem sustainability 
• Protocol revenue buyback to support $ASTER value 

APX to $ASTER Migration 

APX holders can swap APX tokens for $ASTER. The migration portal opens on September 17, 2025. 

• Total Exposed Tokens: 704,000,000 $ASTER (8.8% of total supply) 
• Claim Start: September 17, 2025 
• Claim End: October 17, 2025 
• Claim Portal: Aster Airdrop page (upcoming) 

Official Links 

• Website
• Twitter
• Telegram
• Discord

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The post Aster DEX & $ASTER Token: APX Migration Explained appeared first on Coin Engineer.

This structure eliminates the limitations of traditional staking methods and offers a system that maximizes capital efficiency. Haedal Protocol is not just a staking platform; it also provides sustainable yield opportunities through protocol-based solutions like Haedal Market Maker (HMM), establishing a comprehensive DeFi infrastructure.

The Primary Objective of Haedal Protocol

Haedal Protocol allows users without technical expertise to stake their SUI tokens by delegating them to reliable validators. Instead of locking their funds as in classic staking systems, users receive haSUI tokens. These tokens can be used as liquidity assets and offer yield potential.

Why Liquid Staking?

The Sui network operates on a Delegated Proof of Stake (DPoS) mechanism, which requires a significant amount of SUI tokens to be staked for effective operation. However, not all users have the technical capability to run a validator.

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Haedal Protocol addresses this need by allowing users to stake their SUI tokens and receive haSUI in return. This enables users to earn staking rewards while maintaining the ability to utilize their tokens in DeFi applications.

What is the haSUI Token?

haSUI is the liquid staking token provided to users who stake their SUI tokens through Haedal Protocol. It represents the value of the staked asset and the accumulated staking rewards. Over time, its value increases, allowing users to passively grow their capital. Additionally, haSUI can be actively used in Sui DeFi protocols for lending, liquidity provision, and farming activities.

Haedal Market Maker (HMM)

Haedal Market Maker (HMM) is an automated market maker protocol developed by Haedal Protocol. It features high capital efficiency, low-risk transaction structures, and resistance to MEV attacks.

• High Capital Efficiency: Utilizes narrower trading ranges compared to CLAMM pools, optimizing capital usage.
• Low Drawdown Risk: The high transaction volume of Sui ensures immediate reflection of price fluctuations in liquidity positions.
• Anti-MEV Feature: Naturally resistant to front-run and sandwich attacks.

This system creates a sustainable passive income model for haSUI holders.

Products of Haedal Protocol

• Stake Platform: Users stake SUI tokens to receive haSUI, with both automatic and manual options available.
• DeFi Integrations: haSUI tokens can be used in DeFi protocols for lending, borrowing, and farming activities.
• HaeVault: A gamified staking product that offers an interactive vault system for users.

What is the HAEDAL Token?

HAEDAL is the native governance token of Haedal Protocol. It plays an active role in the protocol’s management, supports the liquid staking infrastructure, and facilitates future DeFi integrations.

On April 29, 2025, HAEDAL was listed on the Binance Alpha platform, significantly enhancing Haedal Protocol‘s global visibility and liquidity.

Tokenomics

• Token Name: Haedal Protocol
• Ticker: HAEDAL
• Total Supply: 1,000,000,000 HAEDAL

Token Distribution

• Ecosystem Incentives (55%): Allocated for user incentives, partnerships, and protocol adoption.
• Liquidity Fund (10%): Used for initial liquidity provision, CEX/DEX support, and strategic initiatives.
• Investors (15%): Subject to a 6-month lock-up, followed by a 12-month linear vesting schedule.
• Team & Advisors (20%): Subject to a 12-month lock-up, followed by a 24-month linear vesting schedule.

Note: The current graphical distribution shows Ecosystem Incentives at 45.5%, with the remaining 9.5% included in the general distribution.

Investment Round Details

On January 3, 2025, Haedal Protocol completed its Seed investment round, attracting support from prominent investors such as OKX Ventures, Hashed Fund, Animoca Brands, Flow Traders, Dewhales, and Comma3 Ventures. This strong investor profile underscores the confidence and potential backing Haedal Protocol.

The Future of Haedal Protocol

• Holds the highest TVL among liquid staking protocols on Sui.
• Achieved global recognition through its listing on Binance Alpha.
• Implements a comprehensive token distribution plan and sustainable yield models.
• Anticipates the announcement of new products and detailed tokenomics updates.

Official Links

• Website: Haedal
• X (Twitter): Haedal X
• Discord: Haedal Discord
• Whitepaper: Haedal Whitepaper

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