USDF is a yield-bearing stablecoin minted with USDT. USDT and USDF are fully convertible at a 1:1 ratio on Aster.
Contract Address: 0x5A110fC00474038f6c02E89C707D638602EA44B5
What are USDF's yield sources?
Yield is generated through delta-neutral hedging strategies such as buying spot BTC, then placing a corresponding short for the same USD amount which earns funding rates.
What happens to my USDT when I mint USDF?
USDT is transferred to Aster's Ceffu account (our custodial partner). Ceffu then deploys the funds to create delta-neutral positions that back USDF and generate yield for asUSDF holders.
What is USDF Smart Mint?
USDF Smart Mint optimizes your USDT-to-USDF conversion rate by routing your mint through the best available path:
Direct mint on Aster adheres to a 1:1 ratio
PancakeSwap pools may offer better rates due to liquidity conditions
Smart Mint automatically chooses the path that gives you the best amount of USDF
What is the minting fee?
Minting on Aster: No fee. If you use 1,000 USDT to mint , you receive 1,000 USDF.
Minting via PancakeSwap: A small swap fee applies. You'll see the estimated fee before confirming.
How do I redeem USDF for USDT?
You have two options:
Option 1: Redeem on Aster
Processing takes 1-2 days for standard amounts, up to 7 days for large amounts
You won't earn Au Points during the waiting period
Click [Claim] once processing is complete
Option 2: Swap on PancakeSwap
Receive USDT instantly (with swap fees)
What is the redemption fee?
Redemption on Aster: 0.1%. If you redeem 1,000 USDF, you receive 999 USDT.
Redemption via PancakeSwap: Swap fees apply. You'll see the exact fee before confirming.
What is asUSDF?
asUSDF is an asToken on Aster Earn and the yield-bearing token of stablecoin USDF. To mint asUSDF, stake USDF on Aster Earn. Holding asUSDF allows you to earn additional rewards. The token contract is: 0x917AF46B3C3c6e1Bb7286B9F59637Fb7C65851Fb.
How is asUSDF APY generated?
asUSDF APY is generated from delta-neutral strategies which also involve the collection of funding fees. APY is reflected in the net asset value of asUSDF.
Can I withdraw my asUSDF (asUSDF to USDF) at any time?
Withdrawals will be subject to a T+1 hour waiting period (2 hours). Check your processing withdrawals in the [Claim] section.
Remember to click [Claim] after the waiting period ends.
Are there any fees involved?
There are no fees to mint or withdraw asUSDF.
