Summary
- ASTER said it will support USD1-based perpetual futures contracts and a total of 16 spot and futures trading pairs.
- ASTER said USD1 perpetual futures trades are subject to lower fees than Tether, and that it will distribute up to 2.5 million World Liberty Financial tokens per month based on trading volume, with rewards paid weekly.
- Eric Trump said ASTER is the world’s No. 2 decentralized exchange with daily trading volume of more than $1.3 billion, and that USD1 is connected to one of the deepest liquidity pools in DeFi.
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Decentralized exchange (DEX) ASTER will support perpetual futures trading based on USD1, the dollar-denominated stablecoin of World Liberty Financial (WLFI).
In a post on its official X account on the 18th (local time), ASTER said it “supports USD1-based perpetual futures contracts.” Specifically, a total of 16 spot and futures trading pairs will be supported. World Liberty Financial is a crypto project backed by the family of U.S. President Donald Trump.
It also highlighted fee competitiveness. ASTER said that USD1 is subject to lower fees than Tether when trading perpetual futures.
There are incentives for USD1 perpetual futures trading as well. ASTER said it plans to distribute up to 2.5 million World Liberty Financial tokens per month, depending on trading volume, to participants who trade USD1-denominated perpetual futures in three cryptocurrencies—Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). ASTER added, “Rewards are distributed weekly,” and said it “plans to add more than 10 additional trading pairs.”
Eric Trump, the president’s second son, stressed that ASTER’s support for USD1 perpetual futures trading “goes beyond a simple listing.” In a post on X that day, he said, “ASTER is the world’s second-largest decentralized exchange with daily trading volume of more than $1.3 billion,” adding that it “means USD1 is connected to one of the deepest liquidity pools in DeFi.”
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
