What Is USDF?
USDF is a native, yield-bearing stablecoin issued by Aster, designed to maintain a 1:1 peg with USDT while providing passive returns to holders through interest accrual. It is fully collateralized by USDT deposits, which Aster allocates to generate yields via delta-neutral strategies and other mechanisms, allowing users to earn APY >5% without exposing them to significant volatility. Users can mint USDF by depositing USDT, stake it to receive asUSDF for enhanced yields, and utilize it in looping strategies on platforms like Lista DAO to borrow and reinvest for compounded returns. As of recent data, USDF has seen rapid growth, with over $370 million minted and its supply expanding 4x in a single week, reflecting strong adoption in the BNB Chain ecosystem.
USDF is deeply integrated into Aster DEX as part of its Aster Earn suite, serving as a key collateral asset for perpetual futures trading and enhancing user incentives through airdrop points multipliers (e.g., 1.2x on certain markets). This creates a flywheel effect where users deposit USDT to mint USDF, stake for yields, and trade on Aster’s multi-chain platform. Positioned as a competitor to projects like Ethena on BSC, USDF drives Aster’s growth by turning idle capital into productive assets.