FAQs

What is USDF?

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

1. Go to the Redeem tab

2. Enter your USDF amount

3. Click [Redeem]

4. Processing takes 1-2 days for standard amounts, up to 7 days for large amounts

5. You won't earn Au Points during the waiting period

6. Click [Claim] once processing is complete

Option 2: Swap on PancakeSwap

1. Click [Swap]

2. 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.