Aster USDF
USDF Rank #272Price chart
What is Aster USDF?
Minting and stability
Aster provides a one-for-one minting route from USDT to USDF. The corresponding redemption mechanism exchanges USDF back into USDT. These routes give traders a way to arbitrage deviations in secondary-market pricing. Token supply follows minting and redemption rather than a preset issuance cap. The product is integrated with Aster's trading and earning infrastructure.
Collateral management
The documented strategy combines spot holdings with short perpetual positions. The opposing exposures aim to reduce sensitivity to movements in the underlying asset price. Ceffu provides custody for the collateral and supports the strategy through its MirrorX service. MirrorX delegates balances to Binance trading subaccounts while collateral remains in Ceffu custody. Funding payments from the perpetual positions contribute to strategy returns. Negative funding and liquidation costs can reduce those returns.
asUSDF and utility
Staking USDF creates asUSDF, a separate token that reflects accumulated strategy income in its net asset value. The strategy's profits are distributed to the asUSDF contract. Pendle integrations can separate asUSDF principal and yield into distinct tradable positions. USDF can also be deposited as collateral in supported Aster trading flows. Its backing depends on USDT, custody operations and the performance of the hedging arrangements.
Where to trade USDF
2 exchanges · top 10
Live spot quotes from connected exchanges
USDF funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.