Support asBNB from Aster on Venus Core Pool of BNB Chain

Summary

This proposal seeks the prompt approval for listing asBNB in the Venus Core Pool on BNB Chain. Aster is actively expanding its ecosystem within the BNB Chain, aiming to enhance DeFi opportunities for users. Integrating asBNB (Aster’s liquid staked BNB derivative) into Venus will provide users with diversified lending and borrowing options, potentially increasing borrow demand and overall platform liquidity.

Context Aster is a multi-asset liquidity hub dedicated to maximizing the real yield of crypto assets. Its flagship products include AsterEarn, a real yield layer amplifying returns through high-yield DeFi and CeDeFi strategies, native rewards, and ecosystem yield;

asBNB (TVL 103.77M) is an innovative liquid staking derivative for BNB. Users can stake BNB or slisBNB to mint asBNB on Aster. asBNB offers multiple sources of real yield, including Binance Launchpool rewards, Aster’s Au airdrop points, Binance Hodler Airdrops, and Megadrop rewards. This allows users to maximize their BNB utility and achieve sustainable returns.

Aster has chosen Venus as its primary money market partner on BNB Chain to facilitate lending and borrowing functionalities for its core assets. To incentivize participation, Aster will introduce a rewards program offering Au points to users who engage with USDF and asBNB markets on Venus. Au points can be accumulated and will grant users an allocation of Aster tokens upon the Token Generation Event (TGE).

Details ● Aster website: https://asterdex.com

● Aster Twitter/X: x.com/aster_dex

● asBNB contract:

asBNB Token Contract: 0x77734e70b6E88b4d82fE632a168EDf6e700912b6

asBNB Minting Contract: 0x2F31ab8950c50080E77999fa456372f276952fD8

● Aster documentation: https://docs.asterdex.com

● Smart contract audits: Audit Reports | Aster

Aster is collaborating with decentralized oracles (Binance Oracle, Pyth, Chainlink) providers to deploy robust price feeds for USDF and asBNB. These oracles are scheduled to go live prior to the official integration on Venus, ensuring accurate and reliable pricing data. To support liquidity, Aster has significant funds into PancakeSwap stable & v3 pools, establishing deep, low-slippage markets for USDF-BNB and asBNB-BNB pairs from the outset.

Aster is committed to enhancing the DeFi ecosystem on BNB Chain by providing users with secure and lucrative options through the integration of asBNB into Venus. We believe this collaboration will significantly benefit both platforms and their user communities.