Aster USDF

Aster’s registry fixes USDF at 0x5A110fC00474038f6c02E89C707D638602EA44B5 on BNB Chain. The verified contract returns Astherus USDF and USDF, preserving the earlier brand after Aster described a merger of Astherus and APX Finance.

That contract is the transferable unit, not the yield receipt. Aster’s FAQ says staking USDF mints asUSDF at 0x917A…51Fb. Weekly strategy profit is intended to raise asUSDF’s NAV; a wallet holding only USDF does not receive that mechanism automatically.

Direct Mint is documented as one USDT for one USDF without a mint fee. Smart Mint is different: it may route a swap through PancakeSwap, bringing pool price, liquidity and swap costs into the result.

Redemption is also operational rather than instantaneous. Aster charges 0.1%, says ordinary requests take one to two days, warns large ones may take seven, and requires a later claim. Selling USDF on a DEX is faster only when someone supplies enough liquidity at an acceptable price.

Aster says deposited USDT moves to a Ceffu wallet, is delegated through MirrorX to a Binance subaccount, and supports long spot plus short perpetual positions in BTC and ETH. It calls the structure market-neutral; its own risk page still concedes negative funding, exchange insolvency and liquidation of the perpetual leg.

The verified token defines separate administration and mint/burn roles, can be paused, and inherits LayerZero OFT owner settings. At the 5 September 2026 read, it was not paused, its owner was 0xe829…1861 and supply was 113,102,005.18813978. Those readings can change.

Minting runs through listed contract 0xC271…C345, whose short proxy bytecode points to implementation 0x9be6…98c1. Published audits inspect versions of this code, but neither an audit nor the “fully collateralized” label proves today’s reserves. The terms identify only “Aster,” allow service restriction or suspension, and do not give a USDF holder direct title to Ceffu or Binance accounts.