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  • How to mint & withdraw asBTC
  • asBTC FAQs
  1. PRODUCT
  2. Aster Earn

Mint asBTC

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Last updated 1 month ago

Page Summary

How to mint & withdraw asBTC

asBTC FAQs

asBTC is an innovative liquid staking token of BTC. Stake BTC to mint asBTC on Aster and earn:

  • 1x Au Points Multiplier.

  • Up to 5% APY by employing stable trading strategies, distributed back to holders and reflected in the net asset value of asBTC.

Fund security is prioritized through Ceffu, a trusted third-party custodian, and stringent risk control measures ensure safety. Smart contracts are fully audited to guarantee their reliability.

How to mint & withdraw asBTC

1. Go to . Click [Connect Wallet] and sign the message.

2. You can deposit BTC with your DeFi wallet. Currently, you can only deposit BTC using BSC chain.

3. Select BTC from the dropdown menu. Click [Approve BTC].

4. Enter your desired BTC value. Click [Mint asBTC]. Then click the confirm button to proceed.

5. Once confirmed, you have minted asBTC successfully. If you want to withdraw asBTC and get BTC tokens back, please enter the amount and click [Request Withdraw].

6. Once confirmed, the withdrawal will be processed within 14 days. You can check the status under [Claim].

asBTC FAQs

What is asBTC?

asBTC is an asToken minted by depositing BTC on AsterEarn. Holding asBTC earns you rewards. The token contract address is: 0x184b72289c0992BDf96751354680985a7C4825d6.

Can I withdraw my asBTC at any time?

Yes, withdrawals are subject to a 14 day waiting period.

How is the APY generated?

How do I get the Au Multiplier?

By minting asBTC, you earn Au points. Hold asBTC and let your Au points stack hourly. Au points give you an allocation of $AST airdrop.

How is Au calculated?

This depends on your BTC investment and the market price of BTC. For example, if you stake 0.001 BTC when BTC price is $95,667, and asBTC Au multiplier is 1x, your mint earns 0.001 x 95,667 x 1 = 95 Au.

If there is no change in BTC price, you will continue earning (0.001 x 95,667 x 1) Au per hour.

If BTC price later drops to $95,500 you will earn (0.001 x 95,500 x 1) Au per hour.

What is Ceffu, and is it secure?

Ceffu is an institutional digital asset platform that offers comprehensive custody and liquidity solutions. It is designed to securely manage and utilize your crypto assets efficiently. With advanced security protocols and risk management measures in place, Ceffu ensures that your Assets are stored and handled with the highest levels of safety and reliability.

What are the risks involved?

We have conducted thorough smart contract audits to ensure the security and reliability of the platform. In addition, we implement robust risk management protocols to protect your funds at all times.

Are there any fees involved?

There are no fees to mint or withdraw asBTC. You can manage your assets freely without incurring additional costs.

Your deposited BTC on AsterEarn will be used to employ stable trading strategies. The returns generated from the strategies are distributed back to you and reflected in the net asset value of asBTC. To see asBTC APY, visit: .

https://www.asterdex.com/en/earn
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