Svmuu News Aster announced today the official launch of the Aster Chain staking function. This marks a core utility upgrade for the ASTER token following the airdrop and buyback plans, gradually building a closed-loop ecosystem where long-term holders can benefit from protocol growth.
Starting today, users can delegate ASTER to validators and flexibly choose lock-up periods to earn weekly rewards through a dual mechanism of Base Rewards and Loyalty Rewards.
• Base Rewards: Initial pool of 150,000 ASTER. Users earn these by delegating tokens to validators, with yield depending on the validator's transaction processing volume and the user's individual staking share.
• Loyalty Rewards: Initial pool of 300,000 ASTER, supplemented with additional subsidies from the platform's buyback program. Users can lock ASTER (up to 208 weeks) to obtain veASTER, with reward weight determined by the lock-up amount, lock-up duration, and transaction volume multiplier.
To ensure network security, Aster Chain has initially partnered with Trust Wallet, BNB Chain, World Liberty Financial, Lista DAO, and PancakeSwap as validators, who will jointly safeguard node security with the Aster Foundation.
Users simply need to log into the staking page, select a validator, input the staking amount, and confirm the lock-up period to complete the operation. Staking cycles run from Monday to Sunday (UTC). Users must complete their staking before 00:00 UTC on Monday to qualify for reward settlement in the next cycle. For detailed staking guides and technical explanations, please refer to the official documentation.