Aster, a decentralized crypto exchange backed by YZi Labs, formerly known as Binance Labs, said it's expanding its ASTER buyback and burn program by directing 99% of daily platform fees toward token repurchases.
The exchange announced the changes in a June 17 post on X, saying the new system took effect immediately.
Under the updated tokenomics model, ASTER purchased through daily buybacks will be distributed to veASTER stakers as rewards. Simultaneously, an equal amount of ASTER will be permanently removed from reserves, starting with tokens allocated to the team.
- Before the update, Aster allocated up to 80% of daily platform fees toward ASTER buybacks, with part of the repurchased tokens burned.
- The new model lifts the fee share to 99% and adds a one-for-one reserve burn, which is why Aster describes it as a 198% buyback-and-burn mechanism.
- Aster said the program will continue until ASTER's total supply falls from 8 billion tokens at launch to 3 billion.
Read also: Binance-linked Aster takes on Hyperliquid with prediction markets
Hyperliquid sends 99% of perpetual and spot trading fees to its Assistance Fund to buy back HYPE, while Aster is pairing a similar fee buyback with a matching reserve burn.
Buybacks will be executed automatically through time-weighted average price orders throughout the day and settled on-chain, the announcement reads.