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Crypto DeFi

Aster Buys Back 2.72M ASTER Tokens in Two Weeks, Burns Equal Amount From Team Allocation

Aster bought back 2.72 million ASTER tokens between Oct. 5 and Oct. 19 (UTC), using 99% of daily fees for the repurchase, and burned an equal amount from the team allocation, the platform said. Since its tokenomics upgrade on June 17, Aster has burned about 32.31 million ASTER, with total burn plans having destroyed roughly 210 million ASTER. Estimated staking yields stand at 4.53% for a 26-week lock and 24.8% for a 208-week lock.

Original source

AI take

The mechanics matter more than the headline: Aster is pairing fee-funded buybacks with burns drawn from the team's own allocation, so supply reduction comes partly at the team's expense rather than solely from market purchases. That distinction shapes how the burn should be read as a structural signal. The wide gap between short- and long-lock staking yields also suggests the platform is leaning on long-duration incentives to hold supply in place. Whether fee-funded buybacks keep pace as emissions and lock incentives evolve is the open question.

Generated by AI for reference only.

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