Enable asUSDF/USDF stable LP (0.05% fee tier) on BSC chain

Gauges
1

Overview

  • Proposal seeks to enable asUSDF/USDF (0.05% fee tier) Stableswap Gauge on BSC chain.

Background
*USDF is a yield-bearing stablecoin issued by Astherus. Backed by crypto assets and corresponding short perpetual positions, USDF maintains delta neutral positions to generate staked USDF yields. USDT and USDF are fully convertible at a 1:1 ratio, with no minting fee.

  • asUSDF is the innovative yield-bearing token of stablecoin USDF. Stake USDF to mint asUSDF, which offers both security and high earning potential. asUSDF generates real yield on your holdings:

  • asUSDF holders earn APY from neutral arbitrage strategies, reflected in the net asset value of asUSDF.

  • Holders earn from funding rates, reflected in the net asset value of asUSDF.

  • 10x Au Points Multiplier.

Details

  1. Boost Muliplier and Emission Cap%: 1.00x boost multiplier, 0.5% commission cap
  2. Audits report: https://4068247257-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FWhSHuKmgnGREbVb12PK2%2Fuploads%2FcL0s0mqyPT7cz3pSxjxN%2FPeckShield-Audit-Report-AstherusUSDFEarn-v1.0%20(3).pdf?alt=media&token=3980fae8-def3-49be-9d0b-52315776d35c
  3. Token Utility:

USDF Current use case:

  1. Earn Au points
  2. LP on Pancakeswap
  3. Could be used as collateral for On-chain perp futures include perpetual futures and dumb mode

  1. Volatility: None

  2. Oracles:
    Binance Oracle
    Binance Oracle

  3. Control: None

  4. Merit:
    *Increase the liquidity on Pancakeswap for users to have more options to purchase USDF

  • Increase the trading volume of USDF&asUSDF
  1. Vault Strategy (for Position Managers only): No Position Managers

Link
1.
Token address:
USDF:USDF | Address 0x5A110fC00474038f6c02E89C707D638602EA44B5 | BscScan
asUSDF:asUSDF | Address 0x917AF46B3C3c6e1Bb7286B9F59637Fb7C65851Fb | BscScan

  1. liquidity pool address:
    PancakeStableSwapTwoPool | Address 0xd791Be03A4E0E4B9be62adAc8a5Cd4aE2813A2d6 | BscScan

  2. Position Manager address : None

  3. Website: Astherus - Scale your assets

  4. Socials:
    https://x.com/AstherusHub
    Telegram: Contact @AstherusHub
    AstherusHub
    DocSend

  5. Docs.
    https://docs.astherus.com/

  6. Github: None

  7. Any other relevant links
    None
    None

1 Like
2

Thank you for your application. The Kitchen has enabled the asUSDF/USDF StableSwap LP (0.05% fee tier) on BNB Chain with 1x boost multiplier and 0.5% emissions cap.