Popular Project #AsterDEX
@Aster_DEX
A project supported by CZ, a decentralized perpetual contract exchange, invested by Binance Labs (now YZi Labs), competing with Binance and hype.
That's the background, simple yet powerful. Let me share my personal summary of the method.
If you are doing it yourself, use two invitation links and then primarily use the account at the bottom, as there are two layers of invitation rewards for depositing money.
1. First, the points for depositing money
It is recommended to convert USDT to USDF, which provides a 20x points bonus. In simple terms, depositing 100U is equivalent to 2000U. Also, for LP creation, it is recommended to create an LP of USDT/USDF, as it basically won’t have impermanent loss while enjoying a 35X points bonus. Similarly, depositing 100U of LP is equivalent to depositing 3500U.
2. Contract Trading
Although the platform has a contract grid, it is not highly recommended. From the experience gained from trading BP, the trading volume is not large, but if you encounter one-sided market movements, it can be very risky. Directly hedge by using two accounts to trade contracts. The wear and tear of 1Wu is roughly around 0.06%, and the current market depth of the platform is quite average, so you can directly open market orders because the fees for market orders seem to be lower than those for limit orders.
The key point is, if you have deposited money, it is recommended to trade contracts worth 5000 or 10000U daily, as this gives a bonus to the AU points (the points for depositing money) for the next day. 5000U gives 2X and 1W gives 2.4X.
This is my personal understanding; feel free to point out any issues. I am preparing to catch the last train; CZ won’t let me down, right?
