Aster announced the expansion of its ASTER buyback program, adding a mechanism that routes platform revenue into staking rewards and token burns, effective at 12:00 PM UTC.
Program Expansion Details
The updated protocol directs 99 % of daily platform fees toward purchasing ASTER on the open market. Instead of returning the acquired tokens to the treasury, Aster transfers them directly to veASTER stakers, enhancing the token’s deflationary pressure.
Reward and Deflation Mechanism
Each epoch retains the standard 300,000 ASTER Loyalty Rewards allocation, while the newly introduced daily buyback amounts augment this pool. Distribution continues through the veASTER system, with allocations calculated based on each user’s lock weight within the staking framework.
Buyback transactions execute automatically via a time‑weighted average price process, allowing purchases to occur throughout the day before settling on‑chain. Aster also publicized a dedicated buyback wallet address, enabling investors to independently verify and monitor each transaction.
Implications for Investors
By linking revenue to token burns, the revised model reduces circulating supply and may support ASTER’s market price. The increased reward flow offers additional incentives for crypto investors who stake veASTER, potentially attracting more participants to the platform’s blockchain ecosystem.