Astherus is an innovative DeFi protocol that offers users a range of substantial real returns through the launch of two innovative products: AstherusEarn and AstherusEx.
AstherusEarn is a strategy yield product where users can stake supported assets and earn intended yield assets called asToken. AstherusEarn captures high-quality income from the DeFi market through an active yield strategy pool, allowing any asToken holder to gain a series of real returns. Currently, asToken assets include four types: asBTC, asUSDF, asBNB, and asCAKE.
AstherusEx is an on-chain derivatives DEX that supports perpetual contract trading for mainstream assets like BTC. Mainstream coin assets that are in a deposit state in other product sectors can serve as full-margin collateral for derivatives trading and can even be directly used for derivatives trading. Especially after the strategic merger of Astherus and APX Finance, the trading experience and functionality of derivatives on AstherusEx will be significantly enhanced.
At the early stage of ecological development, Astherus launched an incentive program, allowing users to earn points rewards by using Astherus products. When the Astherus ecosystem token ($ASS) TGE occurs, users can use their points to receive token airdrops.
In Stage 0, users engaging in activities such as minting and holding asToken or participating in on-chain derivatives trading will earn Au points rewards.
On January 7, 2025, Astherus entered Stage 1, known as the Spectra stage (after Stage 0 ended). In this new phase, Astherus will introduce S1 Au points (points from S0 and S1 will be calculated separately) reward rules and simultaneously launch a new Rh points system.
S1 Au points and Rh points rule explanation
In Stage 1 (referred to as Spectra by Astherus), two types of points are primarily introduced: Au points and Rh points.
Au points are mainly earned by users minting and holding USDF, asToken, and ALP assets in the Earn and Deposit sectors. They are mainstream points and also serve as airdrop certificates.
Rh points are primarily generated in the AstherusEX sector, earned by users through perpetual trading, and holding them will provide a series of rights and rewards such as airdrops.
(In addition to the above, Gems are activity reward points that users can earn by participating in various marketing activities launched by the official, such as community events, staking incentives, trading competitions, and collaborative AMAs. After the $ASS token TGE, they will have a fixed exchange ratio with that asset. 1000 Gems = 1 Ass Token, and this asset will not be rewarded in S1).
At the same time, inviting friends to participate in S1 and users forming teams to participate in S1 will also earn additional points rewards.
S1 Au points
S1 Au points are mainly aimed at asToken holders, meaning users who mint and hold asTokens, USDF, or ALP will receive Au points rewards (points are awarded on an hourly basis) as well as real yield rewards, with different asToken having different points incentive coefficients.
Minting asTokens
Currently, AstherusEarn supports minting asTokens, including four assets: asBTC, asUSDF, asBNB, and asCAKE. Different asTokens have different points multipliers, and the sources of yield from different asTokens also vary, resulting in different real yields for users.
The rules for earning points from holding asTokens are relatively straightforward. For example, if I mint and hold asUSDF worth $100, and the S1 Au points multiplier for asUSDF is 10, then in the first hour of minting and holding, I will earn 10010, which equals 1000 Au points. If I hold it for 24 hours, I will earn 100024=24000 points.
Minting and holding USDF and ALP
USDF is an innovative stablecoin supported by crypto assets and their corresponding short-term futures positions. Its security is guaranteed by a third-party custodian, Ceffu, and strict risk control measures ensure fund safety.
Minting and holding USDF assets can earn an S1 Au points multiplier of 20. For instance, if I mint and hold USDF worth $100, and the S1 Au points multiplier for USDF is 20, then in the first hour of minting and holding, I will earn 10020, which equals 2000 Au points. If I hold it for 24 hours, I will earn 200024=48000 points.
ALP is a liquidity provision token for the on-chain perpetual trading platform AstherusEX, supporting multi-asset collateral and high leverage. By minting ALP, liquidity providers can participate in market making and enhance market depth. Additionally, ALP holders can earn platform trading income. When users mint and hold ALP assets, the S1 Au points multiplier is 5, and the points calculation method is the same as above.
Currently, from the perspective of earning points, minting and holding USDF assets is one of the best ways to earn Au points.
Rh points
The introduction of Rh points is mainly to incentivize users of AstherusEX perpetual contract trading. The reward coefficient for Rh points is 0.5, meaning if a user holds an open position worth $10,000, the points reward will be 10,000*0.5 = 5000 Rh.
It is important to note that Rh points can only be earned by trading on the Astherus website or through the Binance Web3 wallet on the AstherusEX chain. Trading on the AstherusEX order book perpetual contracts and in Dumb Mode will not earn Rh points.
Notably, Astherus encourages users to participate in AstherusEX perpetual contract trading to earn S1 points. To this end, Astherus will allocate at least 0.1% of the total $ASS tokens to Rh holders in each cycle (each cycle is one week, from Monday to Sunday). This means that Rh points are also crucial for sharing $ASS rewards.
So what is the best way to earn Rh points?
AstherusEX perpetual contracts support up to 1001x leverage, and importantly, the transaction fee is only 0.015%. Therefore, for many users looking to earn Rh points, choosing high leverage is the optimal way!!
Inviting and forming teams
In addition to the trading or minting actions mentioned above, Au points and Rh points can also be earned through invitations, and when the total Au points of team members reach a certain amount, both Au points and Rh points can receive a multiplier bonus.
Invitation incentives
Au and Rh points can be additionally earned by inviting users, with the rules as follows:
First-level referral rewards: When a user's invitee mints asTokens, USDF, and/or ALP, or engages in effective derivatives trading through AstherusEx, that user will receive 10% of the invitee's Au and Rh points. Of course, the invitee must bind your invitation code before their first minting.
Second-level referral rewards: When a user's invitee invites others and mints asTokens, USDF, and/or ALP, or engages in effective derivatives trading through AstherusEx, the user will receive 5% of the new invitee's points. The new invitee must also bind the invitation code before their first minting.
Astherus will regularly take snapshots to calculate Au points (hourly snapshots) and Rh points (weekly snapshots), and users can check their reward status on the leaderboard page.
For example, if A invites B, and B invites C, and after establishing this invitation relationship, user B mints asToken and engages in effective derivatives trading on AstherusEx, during the snapshot, B will earn 1000 Au points and 1000 Rh points respectively; user C will also earn 1000 Au points (first hour) and 1000 Rh points during the snapshot by minting asToken and engaging in effective derivatives trading on AstherusEx.
From the perspective of invitation rewards, A will additionally receive 10% of all points rewards from B, and 5% of all points rewards from C, which equals 1000 Au10% + 1000 Rh10% + 1000 Au5% + 1000 Au5% = 150 Au + 150 Rh.
B will additionally receive 10% of all points rewards from C, which equals 1000 Au10% + 1000 Rh10% = 100 Au + 100 Rh.
Team rewards
Each referral relationship chain will form a team. For example, if A invites B, B invites C and D, and C invites E, then users A, B, C, D, and E will form a team. The team will determine the multiplier for points bonuses based on the total Au points and Rh rewards of its members (the referral reward points and previously obtained rewards through team bonuses are not included). The more users invited and the longer the chain, the greater the team's advantage.
The rules for Au team points bonuses and Rh team points bonuses are slightly different.
The Au team points bonus rule is as follows:
Team’s Au (At Hourly Snapshot)
Team Boost
1,000,000
1.05X
3,000,000
1.1X
7,000,000
1.15X
15,000,000
1.2X
For example: A, B, and C are a team. The cumulative Au points of team members for the current hour are:
A 1,000,000 Au, B 700,000 Au, C 300,000 Au
Total team Au points: 1,000,000 + 700,000 + 300,000 = 2,000,000 Au
According to the bonus table, all members' subsequent Au rewards will enjoy a 1.05x bonus (the referral rewards and previously obtained rewards through team bonuses are not included). For instance, if A previously earned 10,000 Au points through minting and 2,000 points through referrals, and received 1,000 points from team rewards, the latter two will not be counted in the total team points.
The team bonus for Rh reward points follows the same rules as Au points.
Overall, users can earn Au points and Rh points rewards through various channels, and the more active and higher the total points earned by users/teams, the stronger their ability to continuously earn points. After the $ASS token TGE, Astherus will distribute airdrops to users based on their points.
Expected returns
From the perspective of returns, the potential earnings from the S1 activities include several parts:
Real yields from minting asTokens
LP earnings from minting ALP (platform income dividends, etc.)
Potential earnings from derivatives trading on AstherusEx
Potential airdrop expectations associated with Au and Rh points
Looking solely at real yields, we see that both asTokens and ALP can provide users with substantial return expectations. The asToken itself can capture real yields from external markets, with APY ranging from 15% to over 40%, far exceeding the yields of most current DeFi products.
ALP is linked to the platform's business level. Currently, Astherus's TVL has surpassed $166 million, with AstherusEarn's TVL at $101.1 million and USDF's TVL at $55 million, totaling over 24.8k unique addresses. Especially after the merger of Astherus and APX Finance, its derivatives business has achieved a leap, representing a guarantee of Astherus's overall business level and income expectations. The LP income earned from holding ALP comes from platform income dividends, which is also quite substantial.
Holding asTokens and ALP not only allows for continuous capture of Au points but also serves as full-margin collateral for AstherusEx, significantly enhancing capital utilization and gaining profits from derivatives trading while further earning Rh points.
In terms of the value of Au and Rh points, they represent the future airdrop expectations of the $ASS asset, and the future appreciation potential of the $ASS token is also quite clear. It is not only an important functional token in the Astherus ecosystem but also plays a significant role in various scenarios. As it is deeply empowered, it is expected to be continuously burned through Astherus's income. Moreover, Astherus itself is a project invested in by Binance Labs and is a key bet in the DeFi field, so the $ASS token is expected to receive significant support from the Binance ecosystem in the future and may even be listed on some leading exchanges, which all contribute to the future value expectations of $ASS.
Of course, whether it is Au points or Rh points, users have substantial real yield guarantees during the acquisition process, with no loss incurred. This means that regardless of the amount of points rewards or airdrop rewards, they are all obtained additionally.
With the opening of Stage 1, it will become a rare opportunity for users to gain multiple benefits at this stage.