Summary
This is a proposal to launch the second Turbo&Stable fund for asBNB on BNB Chain.
Project Description:
What is asBNB:
asBNB is an asToken minted by staking slisBNB on AsterEarn. 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 AsterEarn 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 Aster airdrop
- Binance Hodler Airdrops, in the form of asBNB.
- Megadrop rewards, in the form of asBNB.
What is Aster:
Aster is a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets. Its key offerings include AsterEX, a next-generation decentralized perpetual exchange built for everyone, and Aster Earn, a yield-focused platform designed for maximum returns.
What is Aster Earn:
Aster Earn is a yield-focused product within the Aster platform, giving users access to optimized DeFi and CeDeFi strategies with minimal friction.
Key features
- High-yield strategies – Earn returns through structured DeFi and CeDeFi opportunities.
- Secure custody – Assets are safeguarded through partnerships with trusted custodians like Ceffu.
- asUSDF staking – Stake USDF to receive asUSDF, a yield-bearing version of the stablecoin.
- Simple UX – One-click staking makes it easy to participate.
- Airdrop rewards – Earn points toward future $AST token rewards.
Fund Specifications:
Underlying Asset: asBNB
Chain: BNB Chain
Multiplier(s):
- QUEEN: 1x
- Turbo: 20x points + BNB launchpools, HODLer airdrops, and Megadrops rewards
- asBNB/staYAsBNB in LP: 2x
Interest rate: 16%
Duration: Six months (Until Dec. 12, 2025)
Protocols: Aster
Motivation:
As an incubation project backed by Binance Labs, asBNB extends the yield potential of BNB and slisBNB by offering diversified earning opportunities—not only from BNB itself, but across the broader Binance ecosystem. We see asBNB as a compelling gateway for users to access Binance Launchpool rewards, HODLer airdrops, and Magedrop incentives, all within a DeFi-native setup. This integration helps users consolidate their BNB-based holdings in one place, avoiding the need to scatter assets across multiple platforms while still maximizing point-based rewards.
In addition, Aster maintains close and consistent engagement with leading ecosystem partners such as Binance Labs and BNB Chain, positioning them as a strategically valuable collaborator. A partnership could naturally expand our exposure within the Binance ecosystem and strengthen our alignment with key players in the space.
References/Useful links:
Website: Aster - The next-gen perp DEX for all traders
Documentation: https://docs.asterdex.com/
Audit: Audit Reports | Aster
Snapshot voting will be open until 24:00 UTC, June 3, 2025. When the voting starts, all veCHESS on BNB Chain and Ethereum will be eligible to vote.