Aster Market Maker Program
Aster Market Making Program Requirements
Overview
To further enhance liquidity and reward market makers, Aster proposes the implementation of MM Preferential Fees and a monthly MM Reward Pool, distributing 0.05% of total $AST token supply each month (equivalent to approximately 300,000 USDT at a fully diluted valuation of 600M) to qualifying market makers based on their effective maker volume.
1. Program Objective
Incentivize Liquidity: Strengthen liquidity across supported pairs on Aster Pro Mode by rewarding active and effective market makers.
Aligning Long-Term Value Creation: Distribute Aster token rewards as part of a sustainable and performance-based program, aligned with on-chain activity and trading contributions
Support Fair Market Structure: Encourage tight spreads, deep books, and active quoting through quantifiable, rule-based incentives.
2. MM Preferential Fees
Tier
Criteria
Taker Fee (bps)
Maker Fee Rebate (bps)
MM 1
>= $100M or Maker Vol >= 0.5%
3.0
-0.25
MM 2
>= $500M or Maker Vol >= 2%
2.8
-0.5
For market maker rebates, the trading interface will display your applicable Taker fee rate (determined by your volume tier or marker volume percentage) and a Maker fee of "0". Please note that our system calculates and disburses Maker rebates every 30 minutes based on the published fee schedule. These rebates can be tracked in the transaction history under Pro mode.
3. MM Reward Pool
Monthly Allocation: 0.05% of $AST token supply.
Distribution Basis: Proportional to each MM’s effective maker volume contribution in a given calendar month.
NOTE: Aster reserves the right to evaluate the effect of the MM rewards pool program on a monthly basis and take appropriate actions such as adjusting or suspending the rewards pool.
4. Calculation Methodology
Effective Maker Volume Weighting
MM’s Weighted Effective Volume = MM’s qualified Type A maker volume * Type A Weighted Index + MM’s qualified Type B maker volume * Type B Weighted Index + MM’s qualified Type C maker volume * Type C Weighted Index
Each MM’s Reward Share = MM’s Weighted Effective Volume / Total Weighted Effective Volume x Reward Pool
Type
Weighted Index
A
1
B
2
C
5
A maker’s volume for a given trading pair is counted as effective only if the following two conditions are met:
A. Quoting Standards:
Bid and Offer sizes meet or exceed the minimum size requirement for the pairs
Bid-Offer Spread is within the allowed limit (e.g., ≤0.1% for BTC/ETH/SOL, ≤0.25% for other pairs).
Orders remain live in the orderbook for at least 0.5 seconds at a time.
B. Qualifying Percentage for that Pair on the Day (from 00:00 to 23:59 UTC):
The pair is only counted if the MM maintains these standards for ≥70% of that trading day.
If [Qualifying %] < 70%, that pair's volume is excluded from the MM’s effective maker volume.
Kindly refer to 5. Quoting Qualification Details for supported pairs.
5. Quoting Qualification Details and Pair Type
Note: If a pair’s [Qualifying Percentage] < 70%, this pair does not qualify for preferential fees on the next day. Preferential fees will only be awarded to qualified pairs.
In order to qualify for a particular pair in a day, MMs must satisfy the following conditions simultaneously at least 70% of the day (0:00 UTC to 23:59 UTC) :
Total Bids shown > Cumulative Minimum Size;
Total Offers shown > Cumulative Minimum Size;
Orders must be outstanding in the order book for at least 0.5 seconds;
The Bid/Offer spread is calculated as( [Offer price at Minimum Size] - [Bid price at Minimum Size]) / { ([Offer price at Minimum Size] + [Bid price at Minimum Size]) /2 } < [Required Bid/Offer spread].
pair
bid_offer_spread
min_size
Type
BTCUSDT
0.1%
2
A
ETHUSDT
0.1%
60
A
SOLUSDT
0.1%
1,000
A
XRPUSDT
0.25%
20,000
B
TRXUSDT
0.25%
100,000
B
BNBUSDT
0.25%
50
A
LINKUSDT
0.25%
2,500
B
DOGEUSDT
0.25%
150,000
B
SUIUSDT
0.25%
5,000
B
1000SHIBUSDT
0.25%
1,000,000
B
LISTAUSDT
0.25%
60,000
B
ADAUSDT
0.25%
40,000
B
AVAXUSDT
0.25%
1,200
B
LTCUSDT
0.25%
300
C
NEARUSDT
0.25%
8,000
C
ATOMUSDT
0.25%
6,000
C
CAKEUSDT
0.25%
13,000
B
APEUSDT
0.25%
35,000
C
ETCUSDT
0.25%
1,200
C
AAVEUSDT
0.25%
80
C
DYDXUSDT
0.25%
30,000
B
CRVUSDT
0.25%
50,000
B
BCHUSDT
0.25%
100
B
UNIUSDT
0.25%
6,000
C
OPUSDT
0.25%
40,000
B
APTUSDT
0.25%
4,000
C
ARBUSDT
0.25%
50,000
B
INJUSDT
0.25%
2,500
C
1000PEPEUSDT
0.25%
300,000
B
WLDUSDT
0.25%
25,000
C
SEIUSDT
0.25%
100,000
C
1000FLOKIUSDT
0.25%
200,000
B
TONUSDT
0.25%
8,000
B
1000BONKUSDT
0.25%
1,500,000
C
TRUMPUSDT
0.25%
2,000
B
FARTCOINUSDT
0.25%
15,000
C
BUSDT
0.25%
25,000
C
ENAUSDT
0.25%
75,000
C
MOODENGUSDT
0.25%
120,000
C
DOTUSDT
0.25%
5,500
B
XLMUSDT
0.25%
100,000
C
PYTHUSDT
0.25%
200,000
B
NEIROUSDT
0.25%
55,000,000
C
JANITORUSDT
0.25%
1,500,000
B
USD1USDT
0.25%
30,000
C
SAHARAUSDT
0.25%
150,000
C
AAPLUSDT
1.00%
55
B
TSLAUSDT
1.00%
50
B
NVADUSDT
1.00%
80
B
AMZNUSDT
1.00%
55
B
METAUSDT
1.00%
25
B
GOOGUSDT
1.00%
80
B
MSFTUSDT
1.00%
30
B
PENGUUSDT
0.25%
350,000
B
PUMPUSDT
0.25%
2,000,000
B
Last update on 21st, July
6. Application Process
Kindly fill in the form and the Aster team will contact you within 3 working days.
Please note that you would need to upload proof in the form—you should have a minimum of 100M USD monthly futures cumulative trading volume (on Aster or other trading platforms).
If you are eligible, Aster will whitelist your IPs and set up the fees for your MM account, starting from Tier 1.
Disclaimer
Aster reserves the right to modify, suspend, or terminate the Market Maker Reward Program at any time, including but not limited to changes in eligibility criteria, reward allocation methodology, token distribution schedules, and qualifying requirements. All participants are responsible for reviewing the most up-to-date program terms published by Aster. Participation in the program does not constitute a binding agreement, and Aster retains full discretion in the interpretation and enforcement of program rules.
Last updated