- Funds are on-chain for Asterโs second airdrop phase.
- $ASTER open interest jumps to $5 billion in weeks.
- Active community feedback directed changes in airdrop allocations.
Asterโs second phase of the $ASTER airdrop is proceeding with on-chain fund transfers and schedule updates after user allocation complaints. Notable activities include a $4.8 million tranche move and user refund options in USDT.
Aster is gearing up for the second phase of its $ASTER airdrop, with funds moving on-chain following adjustments announced on October 11, addressing allocation discrepancies.
The scheduling and adjustments of Asterโs airdrop will impact both investor confidence and $ASTER market dynamics, potentially influencing future DeFi token distributions.
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Aster has repositioned for its second airdrop stage following discrepancies in user allocations, as announced via their official Twitter channel. Funds are moving on-chain, with production and test transfers indicating preparation. The community reacted to prior allocation mismatches, leading to adjustments and rescheduling. October 20 marks the new date, allowing users 48 hours to review allocations or opt for refunds in USDT.
โDue to data inconsistencies in user reward allocations, we are updating the final list and rescheduling Stage 2 airdrop to October 20. Most usersโ allocations remain above the snapshot holding ratio. Users will be given 48 hours to review updated allocations or opt for a refund in USDT.โ โ Aster Official Twitter
The response entailed a significant shift in interest as Asterโs derivatives open interest rose swiftly. These changes suggest a strong institutional and retail interest, evidenced by the dramatic surge from zero to $5 billion. Aster, a decentralized exchange project, is backed by Changpeng Zhao (CZ) and YZi Labs. CZโs previous role as Binance CEO brings considerable credibility to the project.
Immediate market impacts include an increase in $ASTERโs open interest and related assetsโ liquidity movement. The refund option may mitigate dissatisfactions and enhance community trust. Expert opinions on official channels emphasize transparent communication and the introduction of USDT refunds as a pioneering mechanism in the DeFi realm.
Overall, Asterโs revised airdrop plan embeds flexibility and transparency, critical amid community concerns. The substantial funding inflow highlights confidence, yet past airdrops suggest possible volatility. Understanding trends from similar events may help project the airdropโs broader impact on Aster and DeFi as a whole.
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