Summary
This is a proposal to launch a Turbo&Stable fund for asBNB on BNB Chain.
Project Description:
What is asBNB:
asBNB is an asToken minted by staking slisBNB on AstherusEarn. asBNB is an innovative liquid staking derivative where you can stake your BNB and slisBNB to mint asBNB, offering both security and high earning potential. This AstherusEarn product aims to maximize your BNB utility and real yields:
- Up to 30% APY from Binance Launchpool rewards, reflected in the net asset value of asBNB.
- 5x Au Points Multiplier for Astherus airdrop
- Binance Hodler Airdrops, in the form of asBNB.
- Megadrop rewards, in the form of asBNB.
What is Astherus:
Astherus is a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets. By enhancing the utility of digital assets, we empower DeFi users with diverse opportunities to achieve sustainable profits and maximize returns.
Fund Specifications:
Underlying Asset: asBNB
Chain: BNB Chain
Multiplier: 2
Interest rate: 20%
Duration: Three months
Additional yield for Turbo besides points: Binance Hodler Airdrops; Megadrop rewards.
Protocols: Astherus
Note: Since asBNB has a 5x multiplier for earning Au points, the total multiplier for Turbo on Au points would be 100x (2x10x5).
Motivation:
As an incubation project from Binance Labs, asBNB extends the yield potentials of BNB and slisBNB by providing a wide range of yield opportunities from not just the BNB but the general Binance ecosystem. We see asBNB as a great opportunity for users to enjoy the Binance launch pool rewards, Hodler airdrops, and Magedrop rewards within a DeFi setup, minimizing the trouble of scattering their BNB assets across multiple platforms while still earning high point rewards.
References/Useful links:
Website: https://astherus.finance/
Documentation: https://docs.astherus.com/
Audit: Audit Reports | Astherus
Snapshot voting will be open until 23:59 UTC, Feb. 20, 2025. When the voting starts, all veCHESS on BNB Chain and Ethereum will be eligible to vote.