Aster Chain glossary

The L1 blockchain powering AsterDEX.

Proof-of-Staked-Authority L1 with ~50ms block time, derived from BNB Chain. Chain ID 1996. Native token ASTER. Optimized for high-frequency on-chain orderbook matching. Mainnet launched March 5, 2026.

Proof-of-Staked-Authority — Aster Chain's consensus.

Inherited from BNB Chain. Validators are selected by the team (permissioned), stake ASTER, and take turns proposing blocks. Faster and cheaper than PoW/PoS but less decentralized — the set is small and known.

Sequential block number (not transaction count).

Aster Chain blocks are numbered from 0 (genesis) and increment by 1 per block. With ~50ms block time, height grows by ~1.7M blocks per day. A height of 120M doesn't mean 120M transactions — most blocks are small or empty.

Native token of Aster Chain.

Used for gas, staking, fee burn, and protocol-level rewards. Also exists as a BEP-20 on BNB Chain via the bridge. Original deployer 0x000Ae314E2A2172a039B26378814C252734f556A.

Locked-stake weight — determines your reward share.

Virtual accounting unit (not a transferable token). Formula: veASTER = LockedAmount × (LockWeeks / 208). Determines your slice of the weekly loyalty pool. More veASTER → bigger reward share. Accrued for the duration of your lock, decays as the lock approaches maturity.

How long you commit your stake.

Five durations: 26 weeks (~6 months), 52w (1y), 104w (2y), 156w (3y), 208w (4y, max). Longer lock = higher time-weight = more rewards. Breaking early triggers the early-exit penalty.

Multiplier derived from your lock duration.

Linear: weeks ÷ 208. So 26w = 0.125×, 52w = 0.25×, 104w = 0.50×, 156w = 0.75×, 208w = 1.00×. Used in the veASTER formula and the loyalty APY calculation.

Volume-based loyalty multiplier (resets each epoch).

Trading volume per epoch on AsterDEX maps to a multiplier on your loyalty rewards. None = 1.00×, Tier 1 (≥500K USDT) = 1.05×, Tier 2 (≥50M USDT) = 1.15×, Tier 3 (≥200M USDT) = 1.25×. Measured per epoch — resets every Monday 00:00 UTC.

1-week reward window (Mon → Sun UTC).

Aster Chain rewards are computed per epoch. Each epoch lasts exactly 7 days. Boost tier is measured against your trading volume that epoch. The loyalty pool of 300,000 ASTER pays out at epoch end.

Weekly 300,000 ASTER reward pool for stakers.

Distributed proportionally to each staker's power (veASTER × boost) divided by the network's Total Boosted veASTER. The bigger your power vs the network total, the bigger your slice.

Your validator's commission-adjusted block reward yield.

Flat per-block reward emitted by the chain to active validators, forwarded to delegators minus commission. As of May 2026 every active Aster validator runs at 0% commission, so base APY ≈ validator gross APY ≈ ~3.8%.

Fee for breaking your lock before maturity.

Formula: max(2%, min(60%, weeksRemaining / 208)). Floored at 2% (so even 1-day-early costs something), capped at 60% (so 4y lockers can't lose more than 60% of unlocked stake). The penalty is deducted from the unlocked amount.

Block producer + reward distributor.

Currently 7 permissioned operators on Aster Chain: Aster Validator 1 & 2 (team-run), Trust Wallet, BNB Chain, WLFI, Pancake, Lista. Take turns proposing blocks, earn flat block rewards, pass rewards minus commission to delegators.

Cut a validator takes from delegator block rewards.

Percentage of base rewards retained by the validator before passing the rest to delegators. Currently 0% across all active Aster validators. Expect 2–5% drift as the chain matures.

Operational synonym for an active validator currently producing blocks.

AsterScan uses 'sealer' when referring to recent block-producers (an observation from chain data) and 'validator' when referring to the registered set (an identity).

Off-chain price feed pushed on-chain by validators.

Validators push reference prices for every traded symbol via the UpdateOracle action. These set the mark price used for funding rates, liquidations, and PnL marking. Live feed on /oracle.

Encrypted order payloads — sender stays public, content hidden.

Optional per-account flag. When on, order payloads (symbol/side/price/qty) are submitted encrypted on-chain. Action type and submitter address stay public; the cipher is opened only by the matching engine. Post-May-18-2026 upgrade: resulting positions are also hidden.

Pay AsterDEX trading fees in ASTER at a discount — ASTER is then burned.

Optional toggle. When on, your trading fees are charged in ASTER (with a discount vs USDT) and that ASTER gets burned. Reduces circulating supply over time. Toggled via the FeeBurn on-chain action.

Protocol-level ASTER purchases on the open market.

AsterDEX uses a slice of fee revenue to buy ASTER on the open market. Trackable in real time on /buybacks — gives a sense of net supply pressure from the protocol side.

Aster's permissionless market-listing mechanism.

Live since May 18, 2026. Validators with 20M $ASTER staked can propose new trading pairs; outcomes are decided by stake-weighted on-chain voting. The validator set itself remains permissioned, only the listing process opened up.

Reference price for unrealized PnL, funding, and liquidations.

On Aster the mark price is built as a nested median: each validator medians 14 external exchange feeds, then the chain stake-weights the validator medians. Robust against a single bad feed or a single malicious validator.

Synthetic perpetual that tracks a private company's implied share price.

Examples: $SPCX (SpaceX), $OPENAI. The contract does not represent equity in the underlying company. It settles in USDT against an aggregated mark price built from secondary-market valuations, analyst implied values, and tender-offer pricing.

AsterDEX's privacy-focused trading mode.

Orders are encrypted with ZK (STARK) proofs so position size and PnL are not visible on-chain. The trade itself is still verifiable. The matching engine has the key, public observers do not. Account Privacy on Aster Chain is the broader chain-level feature; Shield Mode is the trading product that uses it.

Receiving address derived per-transaction so recipient activity cannot be linked across trades.

Used by Shield Mode and Account Privacy on Aster Chain. Each incoming transfer or fill lands at a freshly-derived address; only the recipient's wallet can recognize that the address belongs to them.

Selective disclosure credential on Aster Chain.

Lets the account holder expose specific subsets of their private data (e.g. to a tax tool or a counterparty) without revealing the rest. The chain itself does not reveal anything without consent.

Canonical category of an Aster Chain transaction.

Every tx is one of 13 types: PlaceOrder, PlaceStrategy, CancelOrder, CancelOrders, CountdownCancelAll, Deposit, Withdraw, AdjustLeverage, ChangePositionSide, UpdateOracle, ChangePrivacyMode, FeeBurn, Noop. No generic contract calls — the chain is purpose-built.

Limit order that auto-reprices every second to stay at the top of the book.

Native to Aster Chain's matching engine since May 25, 2026. The order monitors the best bid (for buys) or best ask (for sells) and re-prices every second to stay at, or just behind, the top of the book. Configurable price band and TTL. Does not work in Shield Mode.

Address with above-threshold notional exposure.

AsterScan tracks 'whales' as addresses placing orders or holding positions above a configurable notional threshold. /whales shows live activity, /positions ranks by current exposure.