Aster USDF

Aster USDF is a yield-bearing stablecoin issued by the Aster decentralized perpetual exchange, which operates on the BNB Chain. It is designed to maintain a value of one US dollar and is convertible with USDT at a one-to-one ratio, making it useful for traders and DeFi participants who want dollar-denominated exposure without giving up the possibility of earning a return. The stablecoin addresses the common trade-off between stability and yield by attempting to generate returns on the underlying collateral while keeping the token's value pegged to the dollar.

When a user converts USDT into USDF, the underlying USDT is deployed into delta-neutral positions — arrangements designed to be broadly insensitive to price swings in either direction — which generate returns that flow to holders of asUSDF, the yield-bearing form of the token. USDF itself lives on the BNB Chain and has no traditional consensus algorithm of its own, as it relies on that network's infrastructure for settlement. The circulating supply stands at approximately 114,168,484 tokens, with virtually the entire maximum issuable supply already in circulation, meaning the dilution overhang is recorded at 0.0 percent.

The data provided does not include an explicit fee stream attributed to the USDF token itself; returns for asUSDF holders are described as coming from the delta-neutral trading strategies that back the collateral rather than from a protocol fee collected on transactions. The 24-hour turnover ratio is 0.021867 and the 30-day average turnover is 0.0375, both expressed relative to market capitalization, which describe trading activity but do not indicate a fee mechanism. Because no fee-based revenue figures are stored for this asset, standard fee-based measures used elsewhere on this site are not applicable here.